Railroads fueled industrial growth as it transported people, agricultural products, and raw materials products in an inexpensive and swifter approach. Railroads such as the Pennsylvania Railroad used a technique to limit its competition and kept their prices high as they bought seventy-three smaller lines and forced them out of business. They became so important to industrialization that document 2 proved to state that railroad mileage expanded from approximately 30,000 miles to almost 200,000 miles. In just less than thirty years, Nevada, Colorado, North Dakota, South Dakota, Montana, Washington, Idaho, and Wyoming became a state in America. Railroads created new economic opportunities, stimulated the development of towns and communities, and generally tied the country …show more content…
In document 7 it states that “In 1882 the Carnegie Steel Company...inaugurated a policy whose object was to control all factors which contributed to the production of steel, from the ore and coal in the ground to the steel billet and the steel rail.” Andrew Carnegie’s company basically owned iron mines, steel mills, railroads, and shipping lines. Rockefeller used his profits to buy other oil companies and ended rivalry in the oil industry by forming the Standard Oil Trust. J.P. Morgan created a banking monopoly, Swift and Armour possessed meat packing, and Vanderbilt created a railroad