Question

Discuss the rise of Big Businesses and key barons. Why were railroads so important to America’s second industrial revolution? 5-7 sentences for the answer

Answer 1

Large corporations which were involved in production of coal, iron, oil needed cheapest means of transport to transport these bulk goods. These corporations financed for construction of railroads which helped to transport huge quantities more one place to another and also transcontinental transportation. The railroads were a profitable business and these powerful companies had major control over railroads. The railroads created 4 time zones and were central to national market. With the increase in transportation, businesses began to sprout along railroads which spurred many new jobs decreasing unemployment level.