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Essay

Chapter 26 Terms

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Issue:

American History

 

Written by:

Harry W

 

Date added:

March 24, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 522

 

Was viewed:

8566 times

 

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Essay content:

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...
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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 assets and profitability and sold stocks and bonds far in excess of the RR's actual value...
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