How Did The Transcontinental Railroad Affect The Economy

Business growth on both sides of the country was expedited by a new form of cheap distribution into profitable, expanding markets. Easy transportation facilitated the concept of business travel and expansion on an unprecedented scale. However, some of the largest impacts of the Transcontinental Railroad can be seen through the cross­country exchange of ideas. Before the railroad existed, the only fast exchange of information was written through the pony express. The Transcontinental Railroad created an outlet of communicating new ideas and information in person. A smooth and swift cross­country exchange of people and ideas not only made America more infrastructurally sophisticated ­­ it acted as a foundation for the Western United States to grow from very little to the political, social, economic, and technological center that it is today.

The Transcontinental railroad purpose of being built was to cause positive things to happen in the US and positive things did result from the railroad. For example, westward expansion increased because of the railroad. One reason why western expansion increased because of the railroad was that travelers finally found a use for the Great Plains like how they found “millions of acres of fertile soil, land for cattle, and a land of opportunity even larger than the Lone Star State”(Doc 1). Because people found these uses of The Great Plains, people started to move rapidly west to take ahold of these opportunities. This was a positive for the US because now more people are moving west increasing westward expansion, starting businesses, and are farming in the Great Plains which helped boost the US economy. Another reason why westward expansion increased because of the railroad is there was land in the west and after the railroad was built it was for sale for very cheap prices (Doc 5). This was a positive because with more land for cheap price people started moving west but it also is creating more space for people to live and during this time many immigrants from many countries are coming to the United States looking for opportunities and the more people that came to the United States the more space they needed because they needed somewhere to live. So now that they have more land more people are able to settle in the United States in the west for cheap low prices.

The railways became an important system that guided settlement and delivered economic opportunity for much of the United States. Railroads allowed access to places that people had no means of getting to and provided an opportunity to develop cities and towns

First, the building of railroads out west played a huge part in the successful expansion of our country and the fulfillment of American dreams. Priot to the development of a more efficient railroad system, the movement of people and freight were

Transcontinental railroad building costed a lot and was very risky to require government subsidies. Construction of the railway systems promised that it would create greater unity among the nation and increase economic growth. In the second half of the nineteenth century The screeching iron horse stimulated mining and agriculture especially in the West. The railroads took farmers to their land, took the fruits of their toil to the markets, brought manufactured necessities. Iron monsters could carry enormous amounts of food to people and ensure a livelihood by providing raw materials and markets. Railroad companies would seek settlers to their land that could be sold at a profit so they stimulated immigration. Even the land was impacted because

The Transcontinental Railroad is a marvel of engineering and perseverance. A transcontinental railroad is railroad that crosses through a continent. It was built between 1862 and 1869 across the United States. The initial project was proposed in 1845, but it took more time to start the dangerous construction. It had multiples consequences for the United States, not all positive. But the Transcontinental Railroad did affect the westward expansion.

Railroads were a major part of Northern and even Southern economies. Railroads, which were expanded on 1860, were used to transport crop productions from the south the North. Cotton, Indigo, tobacco, corn and more were sold to Northern markets. Since the South weren’t fully ready or capable to imitate a Northern way of income, they heavily relied on this way of income. In the North, Chicago was seen as the railroad capital. Most goods were sent through this city and Chicago became extremely wealthy later on in

The Transcontinental Railroad was a huge part of the 1860's, it was like the Internet for them. It was a vital link for transportation and trading. People would be able to go to the east or west coast on the railroad, it was a lot faster then it used to be. Information was transferred along the transcontinental railroad as long with goods. Information would be able to reach the other side of the United States in about 5 days, weather permitting. People that lived in the other side of the United States, brought goods so many people were able to try many new

“Before the building of the Transcontinental Railroad, it cost nearly $1,000 dollars to travel across the country. After the railroad was completed, the price dropped to $150 dollars.”(History.com Staff). Prior to the railroad the average citizen of America could not afford to travel across the country cheaply. America waited for a means of transportation which would connect them from the Western to Eastern states. The responsibility of creating the railroads were left up to construction companies. Once this invention was created, traveling became quick, easy and affordable. The Transcontinental Railroad could be defined as the most significant change in America, during the 19th Century.

The Transcontinental Railroad was one of the most ambitious engineering projects, economic stimulants, and efficient methods of transportation in the early United States. If completed, the United States would be truly be united from east to west. The purpose of this paper is to examine how the Transcontinental Railroad helped develop new opportunities for many aspects of American life.

The transcontinental railroad had a huge impact on the economy of the United States. When the railroad was in the beginnings of being built they supplied many jobs to Irish

Among the many positive effects of the transcontinental railroad are the following improvements: faster and safer transportation from coast to coast, boosts in international and intercontinental trade, faster spreading of ideas and expansion of the United States into areas not previously settled. Negative effects existed as well. More intrusion on Native Americans took place, and there was a rise in racial tensions in the nation. As the transcontinental railroad began operation, changes came fast and furious in America.

People were now able to obtain goods previously unavailable thus expanding the market for goods. Within ten years the railroads shipped 50 million dollars worth of freight coast to coast every year. The railroads also played critical role in the American Civil War. They allowed the North and the South to move men and equipment extensive distances providing significant advantages for both

Soon other lines followed throughout the country. Railroads affected almost every aspect of American life. The rapid spread of the railroads provided the basis for a tremendous westward movement of population. It also carried raw material to, and finish product from factories to consumers in a more efficient way (The USA online, n.d.). The railways became highly profitable business for their owners.

Transportation was one challenge the railroad fixed. People could now travel and discover the frontier faster. Trade was also increased once the tracks were finished. Many could now take their items to new areas to make trades. Another nuisance that the transcontinental railroad corrected was the communication gap. Settlers were often isolated, so when the railroad was completed other settlers would meet up to chat and help one another out. The last major impact the completion of the transcontinental railroad created was the opportunity for new jobs. Silver mining in Comstock Lode, Nevada and gold mining in the Black Hills created many jobs for settlers. Railroad companies may have helped the United States, but they would capitalize off of the government. These companies did so through the Pacific Railway Acts. The Pacific Railway Acts provided loans and land grants to railroad companies in order to help the companies raise money for the construction of new railroads. In return the government would get discounted rates to send troops and mail. By the end of these acts, “Congress and granted over 131 million acres of land to railroad companies.” (Holt McDougal, 590). The transcontinental railroad had improved many things, but that’s not all this railroad