“Big” Industries

Many things that happened in history had a major impact on the world, especially when the development of big industries came about. Such things as Go-Getters, people credited for bringing the country together, and railroads, which interconnected things, all helped begin the Industrial Revolution. It was started mainly in Western Europe- England.

One of the greatest things established was the Transcontinental Railroad in 1869, which made it easier to travel ocean to ocean from a month, to a week. The only problem was that there was no way to tell the exact time of departure and arrival. People counted on the sun, which was not most accurate. After a while, people relied on Philadelphia time, which still had its defaults. Shortly after, men were sent to go fix the problem, and in 1883, at noon, everyone set to Standard Time, (One of 4 time zones.) This made it easier for people who used the train as transportation, to know the exact times of departure and arrival.

Another development involved in railroad transportation was the invention of, “Standard Gauge,” created by George Stevenson. This was a gauge set at 4 feet, 8.5 inches, that showed how far apart rails had to be from each other. By 1869, the Transcontinental Railroad was completed in standard gauge. The South changed over to it as well in 1886, and the entire nation used it.

Later on, a Go-Getter named Rockefellar, made his fortune through oil. He organized companies into pools, where all prices were the same, and there was no competition. He made it so that there was no conspiracy, which was anything that involved different prices. He built a company, known as the  “Trustee,” which controlled all the businesses. The first trust, was called “Standard Oil.”

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Two other Go-Getters were Morgan and Carnegie.  Morgan was a rich organizer who bought all bankrupted companies, and Carnegie was poor, but made money in grain trading. Shortly after, he moved into the steel industry. In 1900, he made 25 million dollars in the steel business. Morgan offered to buy his steel business for 420-480 billion dollars, and soon after, he produced 60% of the countries steel.

When rock oil came along, it changed the world. A man named Bissell opened a rock oil company in Western Pennsylvania. This company was used for medicinal purposes; it was not a moneymaker. ...

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