Chapter 26 Terms
hChapter 26 Terms
1. Government role in RR building- Congress was impressed by arguments supporting military and postal needs and began to advance liberal money loans to two favored cross- continent companies in 1862 and added enormous donations of land and tracks. Within the routes the RR's were allowed to choose alternate mile- square sections in checkerboard fashion
2. Significance of Transcontinental RR- A magnificent engineering feat- most impressive peacetime undertakings. Welded West Coast firmly to the Union. Facilitated flourishing trade with Asia. Stimulated growth with the West. Architectural feat- increased nationalism. Huge fortunes, jobs.
3. Stock watering - favorite device of the moguls of manipulation. Originally meant the practice of making cattle thirsty by feeding them salt and then having them bloat themselves with water before they weighed in for sale. Using a variation of this, RR stock promoters grossly inflated their claims about a given line's......
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