American History Tellers Transcontinental Railroad | Dancing with a Whirlwind | 2
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Nov 20, 2024 In 1863, Thomas Durant exploited his position to siphon funds while overseeing the Union Pacific Railroad. Meanwhile, labor challenges arose for the Central Pacific, relying on immigrant workers to navigate treacherous terrains. The construction faced fierce competition and brutal conditions, with conflicts from Native Americans and harsh weather. Innovation emerged from adversity, particularly as Chinese workers found solutions through perilous conditions. This turbulent era showcases the intersection of greed, struggle, and resilience behind America’s transcontinental railroad.
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Durant's Enticing Offer
- In 1863, a Union Army general met with Thomas Durant, a railroad promoter, to discuss investing in the Union Pacific Railroad.
- Durant offered a seemingly risk-free deal, enticing the general with potential profits and a board position.
Durant's Control
- Thomas Durant gained control of the Union Pacific Railroad by manipulating stock purchases and using strawman buyers.
- He aimed to profit personally from the project, foreshadowing potential corruption.
Durant's Ambition
- Thomas Durant, a former doctor turned businessman, was driven by a desire for profit and was known for his ruthless schemes.
- He manipulated the Union Pacific's stock sales to gain control, exceeding the legal limits of ownership.