Andrew Carnegie and the Growth of the Railroads
Scottish immigrant Andrew Carnegie took advantage of the synergistic relationship between the nascent steel and rail industries to build an empire, besting along the way fellow business giants Rockefeller and Morgan.
# 18070 | 1,800 words | 6 sources | 1990 |
Published on Feb 23, 2003 in Business (Industries) , Engineering (General) , Economics (General) , Hot Topics (Immigration)
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From the Paper:Introduction
"The development of the railroads was a key element in the expansion of the United States and in the economic well-being of the nation during the nineteenth century and into the twentieth century. The railroad was a transportation and communication marvel compared to anything that had existed previously. It crossed the territories of the nation and made it possible to travel from one end of the country to the other or to send mail and goods along the same routes. The development of the railroads was itself a matter of business expansion on a grand scale, starting with small lines and ending with vast networks of tracks which nurtured cities and towns all along their length. In terms of business history, the development of the railroads was not only the first big business venture in America but also..."
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