The Transcontinental Railroad Essay -- Transportation, Railroad Compa

The Transcontinental railroad could be defined as the most monumental change in America in the 19th century. The railroad played a significant role in westward expansion and on the growth and development of the American economy (Gillon p.653). However, the construction of the transcontinental railroad may not have occurred if not for the generous support of the federal government. The federal government provided land grants and fiscal subsidies to railroad companies to ensure the construction. The transcontinental railroad contributed to the formation of perseverance and the market economy in America and forever altered the American lifestyle. The Pacific railroad bill of 1862 launched the transcontinental railroad construction project. The Pacific Railroad bill granted 6,400 acres of public lands and government loans ranging from $16,000 to $48,000 per mile of track completed to the wedding Pacific Railroad and Central Pacific Railroad companies. (Pacific Railroad Bill) Fol lowing the Pacific Railroad bill a series of federal and state acts surrounded by 1862 and 1871 granted more than 130 million acres of public land and supplied additional monetary loans of approximately $150 million dollars to the expansion of the railroads. (Gillon p.652)There is no refuting that the railroad companies trans organize business operations and encouraged industrial expansion. The raw materials required for construction of the transcontinental railroad directly resulted in the expansion of the steel, timberland and stone industries. (Gillon p.652) The railroad stimulated growth in manufacturing and agriculture providing an efficient manner to ship raw materials and products throughout the country. Which in turn, increased consumerism and introduced t... ...ich developed bracing corporations. (Gillon p.652) Many in the railroad industry and these newly developed corporations were accused of price fixing, providing illegal kick- backs and challenging government regu lations. (Gillon p.652-657) Thus, one could argue that the railroad industry and the titans it produced had a monopolistic approach to business that actually challenged the free market system. In the end, the transcontinental railroad changed the American landscape both physically and culturally. It formed the foundation for the industrial economy, it produced new business practices and management style of large workforces. It helped established government regulations, taxation and support of public transportation. Above all it drastically changed the American lifestyle, changed where people lived, how they shopped, how they ate, and how they worked.