Anchor Event

1870s-1900

Rise of Industrial America Era
Anchor Event
What Americans Were Trying To Do
What Americans Were Trying To Do

Move people, crops, coal, steel, and manufactured goods across long distances.

What Happened
What Happened

Rail expansion relied on private capital, public land grants, local subsidies, municipal bonds, and state/federal policy. It connected farms, factories, ports, and cities.

How Public Finance Made It Possible
How Public Finance Made It Possible

Public finance and regulation helped create the physical network for national markets.

What This EnabledWhat This Enabled
Americans benefited from faster shippingwider marketstime zonesmigration routes
How Americans BenefitedHow Americans Benefited
Americans benefited from faster shippingwider marketstime zonesmigration routes

Tax Project Institute

Get the Newsletter

Sign up to get the newsletter