Who built the transcontinental railroad and its impact?

The Railroad Act of 1862 put government support behind the transcontinental railroad and helped create the Union Pacific Railroad, which subsequently joined with the Central Pacific at Promontory, Utah, on May 10, 1869, and signaled the linking of the continent.



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Cornelius Vanderbilt For the rest of his career, he bought and merged companies together, monopolizing ownership of rail lines from the east coast to Chicago. Wanting to expand his empire further, the Commodore set his sights on the Erie, the longest rail line in the world at the time.

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The railroad opened the way for the settlement of the West, provided new economic opportunities, stimulated the development of town and communities, and generally tied the country together.

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Just as it opened the markets of the west coast and Asia to the east, it brought products of eastern industry to the growing populace beyond the Mississippi. The railroad ensured a production boom, as industry mined the vast resources of the middle and western continent for use in production.

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The completion of the first transcontinental railroad revolutionized travel, connecting areas of the Western United States with the East. Prior to its completion, traveling to the West Coast from the East required months of dangerous overland travel or an arduous trip by boat around the southern tip of South America.

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The major groups of immigrants that worked on the transcontinental railroad were from Ireland and China. All immigrants working on the transcontinental railroad were treated equally and with high standards.

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The Transcontinental Railroad reduced travel time from New York to California from as long as six months to as little as a week and the cost for the trip from $1,000 to $150. The reduced travel time and cost created new business and settlement opportunities and enabled quicker and cheaper shipping of goods.

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Railroads became a major industry, stimulating other heavy industries such as iron and steel production. These advances in travel and transport helped drive settlement in the western regions of North America and were integral to the nation's industrialization.

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Answer and Explanation: The entire United States benefited financially from the joining of two railroads to form one transcontinental railroad. However, two industries benefited the most from the Transcontinental Railroad. Those were cotton and cattle.

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Today, most of the transcontinental railroad line is still in operation by the Union Pacific (yes, the same railroad that built it 150 years ago). The map at left shows sections of the transcon that have been abandoned throughout the years.

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The railroad opened the way for the settlement of the West, provided new economic opportunities, stimulated the development of town and communities, and generally tied the country together.

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Jay Gould Infamous for manipulating stock, Jay Gould was the most notoriously corrupt railroad owner. He became involved in the budding railroad industry in New York during the Civil War, and in 1867 became a director of the Erie Railroad.

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Two Billionaires Want to Restore the Glory of the U.S. Railroads. Wes Edens and Richard Branson are behind the IPO of Virgin Trains U.S.A. Its Florida plan is admirable, but the financial and business challenges are huge. Chris Bryant is a Bloomberg Opinion columnist covering industrial companies in Europe.

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New York Central's 20th Century Limited was dubbed “The Greatest Train Ever Made.” In the first half of the 20th century, New York and Chicago were the two largest, most dynamic cities in the U.S. and titans of commerce.

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