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SS chapter 20, section 1

railroads and industry

AB
networksystem of connected railroad lines
consolidateto combine several businesses together
rebatediscount on services provided, such as railway shipping rates
poolscompanies which agree to divide up business in their area and set prices at a fixed rate
Importance of railroads became very clear during this timeCivil War
Cornelius Vanderbiltmost powerful railroad baron
Great Northern Railroadlast major cross-country railroad line to be built
The Westsection in which competition to win railroad customers was strongest
Small farmers in the South and West were angry about thisRebates and pools kept shipping prices high
Government regulation did not end unfair railroad pricing because of thisRailroad barons paid large bribes to officials who did not enforce the laws
The American railroad system made this possiblerapid growth of industry

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