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The Transcontinental Railroads: Subsidies, Protests, and Dynamite | Myth of the Robber Barons Part II
History books often point to the transcontinental railroads as success story on how government can facilitate public projects.
But is this really a success story worth touting? Although the United States previously tried subsidies with steamships, some in Washington felt they should try again. This time, two railroad companies would compete for the subsidies. What could go wrong?
This episode is based on Chapter 2 of Dr. Burt Folsom’s book, The Myth of the Robber Barons. If you want to learn more about his topic and follow along with Burt, you can grab a copy of the book on Amazon here: https://www.amazon.com/Myth-Robber-Barons-Business-America/dp/0963020315/youngamericsfoun.
Learn more about YAF at www.yaf.org
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By Young America's Foundation
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History books often point to the transcontinental railroads as success story on how government can facilitate public projects.
But is this really a success story worth touting? Although the United States previously tried subsidies with steamships, some in Washington felt they should try again. This time, two railroad companies would compete for the subsidies. What could go wrong?
This episode is based on Chapter 2 of Dr. Burt Folsom’s book, The Myth of the Robber Barons. If you want to learn more about his topic and follow along with Burt, you can grab a copy of the book on Amazon here: https://www.amazon.com/Myth-Robber-Barons-Business-America/dp/0963020315/youngamericsfoun.
Learn more about YAF at www.yaf.org