By William Deverall
‘Railroad Crossing’ is a history of the effects of the railroad, specifically the Southern Pacific Railroad, on the economic and political development of California. Concurrent with these developments is the rise of the Progressive movement in California and the rest of the country.
Californians eagerly awaited the completion of the transcontinental railroad as the riches of the Gold Rush some twenty years earlier were on the decline. California was being transformed from a land of lightly-populated ranchos to a more agricultural based economy. The railroad would provide access to markets for California products and a source of non-foreign labor.
The awaited benefits did not come. Shortly after the railroad was completed in 1869, California felt the effects of an economic depression, the Panic of 1873. The impact of this Panic would eventually depress the price of silver, creating a cascade of bank failures leading ultimately to the demise of the Workman and Temple Bank in Los Angeles.
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