Short Response Paper: Major Players In The Railway Business
Reading response 1
This week I will be giving you a longer reading by historian Richard White about the creation of the Transcontinental Railroad. White is a well-known historian of the American West. This is from the first chapter of his 2011 book "Railroad." Read this article first, which you can find in the "Coursepack" folder of this course, then I want you to respond to the following question:
In around 200 words or so, analyze how the Transcontinental Railroad was funded (as described by Richard White). Who were some of the major players in this and what were their roles? How did they find funding? What does this story suggest about the relationship between business and government in the United States in the late 1800s?
To submit your responses, click on the title of the assignment above ("Reading response 1") and you will be prompted to either upload a document or type your response in the text box. Please turn this in before our meeting on 10/5; we will discuss them in class.
Railroads
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RAILROADS
The major players in the railway business were the railroad corporations among them the Pennsylvania Railroad. This was a large industrial corporations and one that came to dwarf even some of the other major corporations at the time; namely the iron and textile industries. Given the services railroad corporations were offering to the economy, their growth and influence was first. Most importantly, other than offering transport, they offered massive employment opportunities. They got their funding from the taxes that they charged the government and the private sector to move their cargo on the railroads across the country. Some of the key players in the railroad business include Tom Scott. He was one of the most influential in the development of the industr...
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