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How did railroad companies raise most of the money they needed to build their railroads?
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How did Andrew Carnegie get into the Steel business?
Andrew Carnegie worked for the Pennsylvania Railroad. He continually created products they needed to solve those problems and made the companies to produce them. Eventually he owned a number of different companies producing a variety of products. He took a trip back to his home in Scotland. In England he saw the Bessemer Converter producing steel. He realized that steel railroad tracks would be far superior to iron tracks. He returned to the United States and sold all his companies and built a steel mill using the Bessemer Converter. He sold railroad tracks. Other companies in the United States had built Bessemer Converters before he did. He was the first to use the steel for railroad tracks. Since iron tracks wore out in few years, there was tremendous demand for Carnegie railroad tracks. He not only build the factory but also saw where its products were needed.
How did railroads effect economic developments in the west?
The railroads allowed for easier transporting of goods from east to west so the west could build faster with materials sent from the east. Hopefully you are asking about the American west because that is how I answered it.
Who had the monopoly in the railroad industry?
The early Nineteenth Century was a time of Westward expansion and Westward development. Thousands of prospectors and hopeful American businessmen flocked to the frontier with the intent of making their fortunes in this previously untouched area. It was not until the development of the railroads, however, that Westward expansion reached its furious pace. Once this new form of transportation was in place, it was no longer necessary for every settlement to be self-sufficient: It could simply "import" whatever it needed via the rail. This interconnectedness was extremely attractive to businessmen, who saw the opportunity to increase their wealth by exploiting the untapped resources of the West. The developing railroads rapidly became huge businesses, imperative to the success of American enterprise. The material needs of the railroads helped create several other big industries, such as iron, steel, copper, glass, machine tools, and oil. Soon, Wall Street had to be reorganized into a national money market, capable of handling the enormous capital that was needed to build and operate the railroads. The result was a revolution in the organization and scale of enterprise: "Big business reached greater markets than were ever conceived of before and could benefit from the ability to raise vast amounts of capital that made possible the cost economies of large-scale production" (Chalmers). The need for all of these industries to stay successful was worrisome for railroad owners. To avoid the loss of production in any of these areas, large corporations attempted to stabilize their situations by pooling markets and centralizing management. By combining all of the fields into one conglomeration, the railroads had a new power, as they acquired control of many facets of the new economy. This body now had the ability to "squeeze out competitors, force down prices paid for labor and raw materials, charge customers moreÉ and get special favors and treatments from National and State government" (Chalmers). The railroads had all the power, because they controlled all the prices. Since the new residents of the West could not survive without the use of the railroads, they were forced to pay whatever rates the raildroad companies set. Malik Davis yo http://cse.stanford.edu/classes/cs201/Projects/corporate-monopolies/development_rrmon.html
Why foreign companies build facilities in the U S?
Cheap abundant energy.
How much land is needed to build a miniature golf course?
about an acre
How did railroad companies raise most of the money they needed to build railroads from?
Sold bonds to "the public".
How did the railroad companies get land and money to build the railroads?
what is a fault
how did railroad companies get land and money to build railroads?
what is a fault
How did the railroads raise most of the money they needed to build their railroad?
Selling government land grants
Why did the federal government provide land grants to companies to build railroads west?
It was because they needed railroads so they could of transport stuff that they needed from the west.
The Pacific Railway Acts of 1862 granted land to railroad companies to build the transcontinental railroad. What was the effect of the railroads selling this land?
There was an increase in population in the American interior
The Pacific Railway Acts of 1862 granted land to railroad companies to build the transcontinental railroad What was the effect of the railroads selling this land?
There was an increase in population in the American interior
How did railroads companies get land and money to build the railroads?
what is a fault
In the second half of the 1800s what did the federal government encourage in the building of transcontinental railroads?
Railroad Builders received loans and grants from the federal government.
What part the big four play in the building of the transcontinental railroads?
why did they build the transcontinental railroad
Why did people particularly farmers demand regualtion of the railroads the late 19th century?
Because the farmers felt that they were being cheated by the railroad owners. The owners were allowed to choose the price of the shipping and also whether the crop would be shipped at all. The farmers felt that this was unfair and the only way to resolve it was to have the government own the railroads
What two companies build the first transcontinental railroad?
the central and pacific railroad compnaies.
