Tycoon. An extremely wealthy individual who is a leader in their industry and have an unlimited amount of power.
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1 Railroads Lead the way.notebook Tycoon An extremely wealthy individual who is a leader in their industry and have an unlimited amount of power. (top left to right) 1 JP Morgan 2 Leland Stanford 3 JD Rockefeller (bottom: left to right) 4 Andrew Carnegie 5 Henry Frick 6 Henry Ford I. Expansion of the Railroad A. Civil War 1. carried troops, supplies, and weapons to the front 2. Influential in North's victory B. Post Civil War : transcontinental railroad sparks economic growth 's: five railway lines cross the US miles (thousands) year 1
2 1 Using the graph, what can be said about railroads after the Civil War? A the decreased annually B they stayed the same C they increased annually year miles (thousands) II. Rise of the Railroad Barron (tycoon) A. A. Railroads Consolidated smaller smaller railroads railroads purchased purchased one one individual individual majority majority of of nations nations railroad railroad traffic traffic few few individuals individuals B. B. Tycoons (Barrons) 1. Cornelius Vanderbilt: 1. Cornelius Vanderbilt: NYC to Great NYC Lakes to Great 2. Lakes James J. Hill: 2. James Minnesota J. Hill: to Minnesota Washington to State Washington State 3. Leland Stanford 3. Leland and Stanford Collis P. Huntington; and Collis P. Huntington; CA to Utah (Central CA to Utah Pacific) (Central Pacific) C. Few laws limited their power > lead to monopolies 2
3 2 Which individual is a tycoon associated with Minnesota? A Leland Stanford B Cornelius Vanderbilt C James J. Hill D Collis R. Huntington III. RR and the Economy A. Created new economic links 1. carried raw materials to factories iron ore, coal, timber B. Stimulated the Iron Industry 1. iron+carbon and other elements = steel (stronger) C. Stimulated timber industry 1. timber used to make railroad ties 2. timber used to fuel locomotives (before coal) 3
4 3 Think critically: what benefit not mentioned on the previous page do you think also helped the economy? A railroad tycoons charged whatever they wanted B people could ride the trains C people were working! D trees were being cut down IV. Improvements to RR A. Standardization 1. different railroads used different widths and types of rail all RR used standard gauge allowed for quicker shipment of goods B. RR Technology 1. Air Brakes for Trains: Made stopping safer 2. Janney Car Couplers: easier to link cars 3. Refrigerated Cars: ship meat and perishable goods 4. Pullman sleeping car: rise of passenger trains 4' 8 1/2" 4' 8 1/2" 4
5 4 Why is it important that all railroads use the same gauge and width of track? A stay up to date with the law B make sure the rail lines are not too bumpy C improve railroad efficency D decrease the amount of derailments V. Railroads Change America A. Expansion of Industry and Population 1. Industry and Population expanded west 2. flour industry shifted west to Minneapolis and KC 3. Agricultural Equipment: Illinois and Wisconsin 4. Homesteaders moving west B. New Time Zones 1. people measured distance time rather than miles 2. time zones helped keep people on track 5
6 5 How did railroads affect Minnesota? (multiple answer) A brought maufacturing to Minnesota B brought settlers to Minnesota C connected the rural areas with the cities D gave access to iron range of northern Minnesota Bottom Line railroads opened the entire United States to settlement and united the different regions of the nation. Couple with the telegraph, America became one of the most industrialized and advanced nations in the world. Creativity in other industries would soon propel America towards being a world power 6
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