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Act passed by Lincoln that granted 160 acres of land in the west to people willing to live and develop the land for 5 years. Promoted western migration
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Vanderbilt uses horizontal integration to purchase local railroads and combine them into the New York Central line. This ran from NYC to Chicago
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The first transcontentail railroad was built in two parts, starting in the east and west and merging together at Promontory Point Utah. Connected America making trade and transportation easier and faster.
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Federal Government gave more than 170 million acres to over 80 railroad companies, leading to corruption in government and failure of farms in the Midwest and west. Prompted poor construction leading to issues down the road- 1850's to 1871
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Carnagie begins to manufacture steel, leads him to growing his empire. Practices horizontal integration.
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Rockefeller changes the name of his company to Standard Oil Trust. Rockefeller controlled 90 of the nation's oil through horizontal integration. Board of directors, headed by Rockefeller controlled all stages of oil production, leading to massive profits.
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The American Railroad Association divides the country into 4 standard time zones that becomes official for the US
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Act passed by the federal government that was intended to limit the power, failed to make any real difference as act was vague.
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An essay published by Carnegie that promoted philanthropy. Wanted the wealthy to use their money for good. Promoted establishing organizations that would aid the poor instead of just giving them money. Promoted social Darwinism
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Supreme court case that ruled that the Sherman Anti-Trust Act could only apply to commerce, not manufacturing, further weaking the act.
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Carnegie sells his steel company to J.P. Morgan for more than 400 million dollars. Morgan changes name to U.S. Steel Corporation. Carnegie begins to focus on philanthropy.
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The telegraph was invented in 1844 by Samual Morse, this revolutionized communication. Improvements following the civil war allowed for fast communication between different countries. By 1900 all continents were connected by the telepgraph