may 10, 1869 - Completion of the Transcontinental Railroad
Description:
Event: The completion of the railroad enabled monopolistic practices in transportation and logistics.Impact: It revolutionized transportation and commerce by connecting the East and West coasts, enabling faster movement of goods, people, and ideas, and facilitating westward expansion. Companies used monopolistic strategies to dominate routes and pricing.
Added to timeline:
Date:
may 10, 1869
Now
~ 156 years ago