The Effects of Industrialism on Farming and Ranching in the West - Research Article from Development of the Industrial U.S. Reference Library

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Railroads Transform Farming in the Old Northwest

In the earlier, pre-railroad economic system, the local storekeeper of a given region had been the farmers' key trading partner, receiving produce from them in exchange for food, seed, and manufactured goods such as clothing, farming tools, and medicines. Typically, little cash changed hands in these transactions. More often, the parties bartered (traded goods) or arranged for store credit. After the railroads expanded through the Midwest, a new set of business relations began to form. Farmers getting their crops to market began to deal with agents of the railroad companies at remote offices. Their business grew complicated, involving grain elevators, urban grain merchants, wholesalers and dealers, food processors, and manufacturers. In Chicago a new agency, the Board of Trade, became a central way to coordinate and oversee the buying...

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This section contains 5,013 words
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Development of the Industrial U.S. Reference Library
The Effects of Industrialism on Farming and Ranching in the West from Development of the Industrial U.S. Reference Library. ©2005-2006 by U•X•L. U•X•L is an imprint of Thomson Gale, a division of Thomson Learning, Inc. All rights reserved.
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