USA HISTORY

THE VIRGINIA DYNASTY 1801 1825

AMERICAN INDUSTRIALIZATION FACTORY SYSTEM AND MARKET REVOLUTION

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What was America’s first “big business
A
Steel
B
Railroads
C
Iron
D
Oil
Explanation: 

Detailed explanation-1: -The first regular carrier of passengers and freight was the Baltimore and Ohio railroad, completed on February 28, 1827. It was not until Christmas Day, 1830, when the South Carolina Canal and Railroad Company completed the first mechanical passenger train, that the modern railroad industry was born.

Detailed explanation-2: -Railroads were the first “big businesses” in the United States.

Detailed explanation-3: -1827: The first railroad in North America-the Baltimore & Ohio-is chartered by Baltimore merchants.

Detailed explanation-4: -On February 28, 1827, the Baltimore & Ohio Railroad became the first U.S. railway chartered for commercial transport of passengers and freight.

Detailed explanation-5: -Where railroads went, towns and cities with bustling new commerce arose, all dependent on the railways for shipments of food and goods. The construction of the railroads spawned huge new industries in steel, iron, and coal. No other business so dramatically stimulated and embodied the industrialization process.

There is 1 question to complete.