The American Economy and the End of Laissez-Faire: 1870 to World War II

2. The Railroading of the American People

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The railroads experienced both enormous growth and enormous government intervention. Land was closed off from settlement, causing farmers to oppose the privileged railroads. Markets were skewed. Waste and inefficiencies were high.
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The American Economy and the End of Laissez-Faire: 1870 to World War IIBy Murray N. Rothbard
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