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Prior to the Great Depression basic industries such as the railroad industry barely made a profit Why was the railroad industry not as profitable as it had been?
Wiki User
∙ 12y ago
The overhead was astronomical for one. With modern machinery they have made tasks easier to complete and have been able to maintain fewer employees. That's just part.
Wiki User
∙ 12y ago
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Which captain of industry is known for making his money in the railroad industry?
The captain of industry known for making his money in the railroad industry is Cornelius Vanderbilt.
Congress encouraged growth and economic development in the west with federal loans and land grants to develop what industry in the west?
railroad I believe
How did railroads help the US economy grow?
It allowed goods to be shipped all over the country. Not only did it do this quicker but also cheaper because not as many goods would spoil. In addition now people from all over the country could enjoy goods from other places in the country. One industry that greatly prospered from the construction of the railroad was the cattle or beef industry. Before the railroads, cows had to be raised slaughtered and sold all within close proximity this was becoming more and more difficult because many urban and suburban areas were growing rapidly leaving less and less land for farming. The railroad changed all of this because now cattle ranchers could raise their cattle in the west which at the time was very rural and in fact barely had any urban centers at all. Now that beef could be shipped cross country people could have beef more often because it was in abundance. This caused the American population to buy more beef creating and upward economic spiral. The American beef industry is just one of many industries that grew rapidly and became the empire it is today because of the construction of the railroad.
Which of these men held a monopoly in the oil industry?
John D. Rockefeller
What industry did Andrew carnegie control as a monopoly?
He controlled the steel corporation called Carnegie Steel Corporation. He started by working as an assistant to one of the railroad's top officials and about 3 years later he was promoted to superintendent of the company.
Prior to the Great Depression basic industries such as the railroad industry barely made a profit. Why was the railroad industry not as profitable as it had been?
The overhead was astronomical for one. With modern machinery they have made tasks easier to complete and have been able to maintain fewer employees. That's just part.
What were the two top industries in the US by the late 1930s?
In the 1930's the United States was in the process of recovering from the Depression. Two top industries at this time were the steel industry and railroad industry.
What were the two top industries in the US by the late 1930's?
In the 1930's the United States was in the process of recovering from the Depression. Two top industries at this time were the steel industry and railroad industry.
What industries were most affected by the transcontinental railroad?
The Railroad, Lumber, and mining industry boomed because of the railroad industry
What are some industries that benefited from railroad expansion?
Some industries that benefited from railroad expansion were;the coal industrythe lumber industrythe furniture industrythe steel industry
Which Industries most spurred economic growth and Innovation in related Industries?
the railroad industry
How did the growth of steel industry affect other industries?
The growth of the steel industry had a positive effect on other major industries. The steel industry strengthened the building and railroad industries.
Which captain of industry controlled the railroad and shipping industries?
Cornelius Vanderbilt
Which industries experienced tremendous growth in America between 1830 and 1850?
railroad industry
What are three industries that either contributed to or benefited from the growth of the railroads?
Name one industry that grew because of the railroad
How changes to the railroad helped American industries to grow?
It helped pave the way for American industry to expand into the West.
Which industry did Cornelius Vanderbilt control?
Cornelius Vanderbilt controlled the railroad industry.
