The major decline in railroad transportation during the 1950’s was primarily due to the vast construction of interstate highway by the government. The Federal-Aid Highway Act of 1956 authorized the vast construction of 41,000 miles of roadway with a steep price of 25 billion dollars that would come from taxpayer money. With the increase in air and road travel, the need to travel by rail, in a less direct route, seemed unnecessary. This would ultimately leave railroad companies to believe traveling by rail was in a permanent decline. On February 18, 1947, the Pennsylvania Railroad (PRR) formally announced that they were operating at a loss. Yet, the president, Mr. Martin W. Clement, announced that the railroad is currently transporting more …show more content…
The plans called for a “complete modernization of the underground portion of the station and the erection of a new building of unannounced size above street level.” Architectural, economic and engineering studies were to be done to see what efforts could be done to further improve the site. This agreement, done behind closed doors and in complete silence, was officially disclosed on September 24, 1953. If the plans were to be set in stone, the Pennsylvania Railroad would receive $1,500,000 in rent from a long-term lease of 99 years. This would instead allow for PRR to lease the air rights rather then sell them. This tactic would help the railroad company rid itself of most of its debt. In addition to the rental income, the Madison Square Garden Corporation and the Pennsylvania Railroad signed an agreement that would allow for PRR to have a 25 percent stake in the Garden. These plans and agreements were the final step in assuring the PRR a solid and concrete future. With the above ground portion of Pennsylvania Station removed, the reduction of money used for maintenance would allow for PRR to finally earn a profit down the
In 1864 Congress approved the Northern Pacific Railway to be built. The NPR is the first transcontinental railroad in the northern part of the country. It is 8,316 miles long, beginning in Minnesota and ending in Washington state, with many branches going off the main line. When congress approved it they also supplied nearly 40million acres of land grants to build the railroad on. Construction didn 't go underway until 1870, and the rail road was finally christened to open on Sept. 8 1888.
There have been steam engine trains trailing the United States in the early 1800’s. Many of the early ones ran only a few dozen miles. When the railways ran longer distances, the cost to build and later ride them were be extremely high. However, long distances were what Minnesota needed to keep up with the competitive and growing nation around it. “Construction began on the first track in 1861 in St. Paul and was completed in 1862.”
The railroad was first designed by George Stephenson whose original idea was to use steam to run the train and make transportation faster. When the US started using railroads and trains they purchased them from the Stephen Works company from Britain. “In the 1850s a boom in railroad development across the North was changing business organization and management and reducing freight costs. Railroads were influencing a rise in real estate values, increasing regional concentrations of industry, the size of business units and stimulating growth in investment banking and agriculture.
The Transcontinental Railroad The completion of the first Transcontinental Railroad was an important event in the United States history. There were many challenges in building it, but after it was finished, it connected the East Coast of the United States to the West Coast. The railroad took three whole years to build, with the help of two railroad companies and thousands of other hired workers.
President Theodore Roosevelt desired to have the government regulate rather than own the railroads. The Hepburn Act of 1906 gave the federal government the power to set maximum railroad rates. This caused farmers to lose land and got in the way of farming. Farmers absolutely hated railroads it was their top enemy by
During this time period there were great technological advancements. One of these advancements was railroads. Railroads were a positive change because it helped transport people and goods across the country. Businesses depended greatly upon transportation in order to transport their goods. Despite the positives of railroads, there were negatives.
The greatest cultural conflict between the years 1865 and 1898 was the Transcontinental Railroad. The Transcontinental Railroad was a railway stretching from “sea to shining sea”. It was built by two teams of workers, the Central Pacific Railroad Company starting in Sacramento and the Union Pacific Railroad building west from the Missouri River. The teams worked day and night to connect the two ends in Promontory Summit, Utah. The Transcontinental Railroad was a major breakthrough in the connection of markets and the transportation of goods and people from coast to coast.
Transcontinental Railroad Tera Richardson, 4336787 History 102 B008 Sum 17 Professor Traci Sumner American Military University July 22, 2017 Abstract The transcontinental railroad was one of the biggest advocates for the industrial economy and westward expansion. The railroads could transfer goods and people across the country with ease, and quickly. While some bad came from this miraculous progression, such as the panic of 1873 and a yellow fever epidemic, the good outweighed the bad as it enabled the United States to fulfill its Manifest Destiny through westward expansion.
The transcontinental railroad caused a lot of political impacts including uniting divided houses. In the 1850s, the greatest obstacle building the transcontinental railroad was the sectionalism in the American politics: between the North and the South. The biggest barrier in getting the railroad built in the mid-century in America is slavery. Congress had to make a decision whether or not slavery should be allowed in the new territory that was made easily accessible but the transcontinental railroad. Abraham Lincoln, the president, was less known as a great friend of the railroad.
Because of the rapid settlement of the western land in the 1850s, Congress wanted to enforce a transcontinental railroad to replace America’s current weak transportation system—horse-drawn carriages were still used and soldiers often had to walk. But due to the constant competition between the Northern members and the Southern
With the advent of the railroad, many of these issues disappeared. Railroads had a major impact on advancing the American economy, transforming America into a modern society, and improving an antiquated transportation system. The building of railroads created rapid economic growth in America. Railroad companies employed more than one million workers to build and maintain railroads. At the same time, coal, timber, and steel industries employed thousands of workers to provide the supplies necessary to build railroads (Chapter 12 Industrialization).
According to the article The Railway Journey, modern transportation “created a definite spatial distance between the places of production and the place of consumption did the goods become uprooted commodities” (40 Railroad Journey). Basically, this means that since the railroad allowed goods to be shipped to further distances at faster rates which resulted in mass productions and shipments of goods which resulted in a stable economy for the United
To further the control of information within the United States railroad companies hired lobbyists and journalists to paint a specific picture of the transcontinental advancements to the American
The building of roads, canals and railroads played a large role in the United States during the 1800s. They served the purpose of connecting towns and settlements so that goods could be transported quickly and more efficiently. These goods could be transported fast, cheap and in safe way through the Erie Canal that was built to connect the Great Lakes to New York. Railroads were important during Civil War as well, because it helped in the transportation of goods, supplies and weapons when necessary. These new forms of transportation shaped the United States into the place that it is today.
Have you ever wondered what it would be like without transportation? In the 1890’s the railroad system, the main source of transportation at that time, came to a halt after a strike called the Pullman Strike. A severe depression had hit the United States in 1893. This hit a railroad manufacturing company called the Pullman company hard.