Perspective: The government must pay people to stay home
Cattle then became one of the most valuable resources in the growing agricultural economy. They grazed on the High Plains and then were transported by rail to Chicago for slaughter. From Chicago, various animal products — meat, tallow, cheese and hides — streamed East and even to Europe. By 1900, approximately 4.3 percent of the nation’s wealth was held in livestock, larger than the value of the nation’s railroads, and second only to land as a class of assets.
The BAI’s powers were vast and unprecedented. The BAI claimed the immediate ability to supervise and regulate slaughterhouses connected to global and interstate trade.
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