Effect of the Transcontinental Railroad on the Economy
Trade
The Transcontinental Railroad increased trade because of the 50 million dollars worth of goods that were traded on it every year and the new trade routes that it opened.
BeforeBefore the Transcontinental Railroad, goods that were going from the U.S. East Coast to the West Coast had to be transported by ship around South America. The trip around south American could take months and many people died on the trip.
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AfterThe Transcontinental Railroad made shipping goods cheaper, faster and easier. It also opened many different trade routes.
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Production
The Transcontinental Railroad created an increase in the production of goods in the United States.
- The Transcontinental Railroad made it easier to transport goods in across the country.
- This allowed resources from middle and western regions of the United States to be transported more easily to be used for producing goods.