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Several key developments made railroads a more profitable business, including the expansion of rail networks that connected more regions, facilitating faster and more efficient transportation of goods and passengers. Technological advancements, such as the steam locomotive and later, diesel engines, increased speed and capacity. Additionally, standardization of track gauges and the introduction of freight cars enhanced operational efficiency. Government support through land grants and subsidies also played a crucial role in boosting railroad profitability.
What else can I help you with?
When were the railroads made?
The railroads were made in the 1850's - 69's
How did the railroad revolutionize business?
Railroads made it able for business owners to transfer between towns. This allowed businesses to get more customers and generate more money.
What businesses was Cornelius Vanderbilt involved in?
Cornelius Vanderbilt was a self-made business man specializing in the Railroad Industry.
What are some of the non-profitable businesses?
a non profitable business could be something like a school or a college. They are NON-PROFITS because they do not made money in the way a profitable business might. The sole purpose of a non-profit is to volunteer a service without profiting from it, such as a hobby, social club, senior citizen centers, area chess club etc.
What invention made the growth of railroads possible?
the turnpike was the invention that made the growth of railroads possible
What made growing cash crops profitable for the South?
The practice of slavery made the growing of cash crops profitable in the South. It was decades after slavery that mechanization made it extremely profitable again.
Are pawnshops profitable?
There have been pawnshops for hundreds of years, so some of them must have made a go of it. Some that didn't may have gone out of business.
How did the steel industry help railroads?
railroads helped transport steel to other places
What resources made locating a business in C leveland desirable?
The proximity to Great Lakes ports, railroads and rivers, a location halfway between NY & Chicago made Cleveland desirable.
Late 19th century industrialization depended on developments in technology and business strategy. What were some of the innovations in both arenas how did they facilitate the development of industry?
Late 19th century discoveries in chemistry and metallurgy allowed for a greatly increased range of products to be manufactured. Changes in business methods included the formation of "trusts": vertical or horizontal monopolies. Railroads made it much easier to bring raw materials to manufacturing centers and get the products to customers. The railroads also made it possible for the bigger customers to get more favorable rates than smaller competitors. Customers got cheaper products, but at the cost of small manufacturers and craftsmen being pushed out of business. These practices led to government intervention an regulation by the early 20th century
How was growth in the use of railroads made possible?
The growth in the use of railroads was made possible because of cattle shipments. The Industrial Revolution was also a major factor in building more railroads.
How did the invention of the railroads help poorer immigrants from Eastern Europe get to the US?
Railroads made it easier to get to seaports in western Europe.
