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USH (5:2). The Railroads Pacific Railway Act (1862) Began railroad boom Two companies offered as much land as they could take The Transcontinental Railroad. (5:2). (5:2). Railroads create “time zones” (1883). (5:2). Scandals in the Railroad Industry “Credit Mobilier ” (1872) - PowerPoint PPT Presentation
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USH (5:2)● The Railroads
● Pacific Railway Act (1862)– Began railroad boom– Two companies offered as much land as they could take
● The Transcontinental Railroad
(5:2)
(5:2)● Railroads create “time zones” (1883)
(5:2)● Scandals in the Railroad Industry
● “Credit Mobilier” (1872)– Construction company created by several stock holders
of Union Pacific Railroad
(5:2)● Robber Barons
● Corrupt railroad and business owners
(5:2)Famous Robber Barons
● John D. Rockefeller– Standard Oil
(5:2)● John Jacob Astor
– Fur, real estate
(5:2)
● Andrew Carnegie– Steel
(5:2)
● J.P. Morgan– Banking, steel
(5:2)
● Milton Hershey– Chocolate
(5:2)
● Andrew Mellon– finance
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