Pros and cons of the railroads
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Pros and Cons of the Railroads. Railroad Industry. The first major business of the U.S. was the railroads. Railroads contributed greatly to the growth of industrialization. The railroad industry boomed after the Civil War .

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Railroad industry
Railroad Industry

  • The first major business of the U.S. was the railroads.

  • Railroads contributed greatly to the growth of industrialization.

  • The railroad industry boomed after the Civil War.

  • Railroads were also the first businesses to begin consolidation, or combining smaller companies into one larger company.

  • Consolidation helped eliminate competition in an industry and allowed the business to charge higher rates.


Pros of the railroads

Transportation

Faster

Go places steamboats and horses could not go.

Move goods.

Time Zones

Promoted Trade

Poor working conditions for railroad employees.

Corruption

Credit Mobilier

Selling land grants

Fixed shipping rates

Cons of the Railroads

Pros of the Railroads


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Credit Mobilier

  • Construction company formed by stockholders of the Union Pacific Railroad.

  • They charged two or three times what it cost to lay track and pocketed the profits.

  • Many influential members of President Grant’s administration were involved.

  • $23million was pocketed in the scam.


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