railroad barons
TRANSCRIPT
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Who were the railroad barons?
What were railroads used for?
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Railroad barons were powerful people who controlled the nation’s rail traffic. Railroads were used for carrying ore, coal and timber to factories
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What were four methods used by railroad barons?
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The four methods used by the railroad barons were:
1.Consolidation - combining of separate companies
2. The standard gauge – made track size the same.
3. Rebates – discounts to customers
4. Pools – secret agreements among barons
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What was the governments response?
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The government passed laws but the laws did little to curb their power.
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Why were the railroad barons important?
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They played an important role in building America’s transportation system.