Railroad Building (jun 1, 1840 – feb 1, 1860)
Description:
- Replaced canal building.- Largest industry
- Gave rise to complex business organizations
- Local merchants/farmers bought stocks.
- Local/state governments helped growth by loans and tax cuts.
- Promoted Western agriculture.
- Farmers were linked with Northeast, less linked with South canals.
- Gave North advantages in Civil War
Added to timeline:
Date:
jun 1, 1840
feb 1, 1860
~ 19 years