Railroads - Railroads a Why Were the Best Men Not In Politics i Because during this era the private economy was booming ii America became the

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Railroads a. Why Were the Best Men Not In Politics? i. Because during this era the private economy was booming ii. America became the leader in industry and agriculture during this era iii. Talented men wanted profits, not the presidency b. Growth of Railroads i. 1865 – 35,000 miles; 1900 – 192,556 ii. Transcontinental railroad building was risky and required government subsidies. The extension of rails into thinly populated regions was unprofitable until the areas could be built up iii. Congress began to advance loans to two favored cross-continent companies. They were impressed by arguments over military and postal transportational needs iv. Washington gave the railroads over 155 million acres and the western States contributed 49 million more c. Advantages and Disadvantages To Congress Giving Away Land i. Disadvantages – 1. Criticized that their land was a birthright 2. Blackmail and arguments over which town would have a railroad built through it occurred ii. Advantages – 1. Postal and military traffic could use it
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 02/04/2012 for the course HISTORY 104 taught by Professor Reed during the Spring '11 term at Rutgers.

Page1 / 2

Railroads - Railroads a Why Were the Best Men Not In Politics i Because during this era the private economy was booming ii America became the

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online