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Between 1970 and 1997, the nation's railroads engaged in corporate mergers in an effort to stem the decline of the industry's market base, increase low return on investments, and counter the deterioration of trackage and equipment. The 73 Class I carriers in existence in 1970 have been consolidated into only 10 today. The recent battle over Conrail is only the most recent and highly publicized example of this trend that resulted from the relaxation of federal regulation. Business scholars, economists, railroad buffs, and anyone interested in transportation and federal regulation will find this book an invaluable tool.
American government securities); 1928-53 in 5 annual vols.:[v.1] Railroad securities (1952-53. Transportation); [v.2] Industrial securities; [v.3] Public utility securities; [v.4] Government securities (1928-54); [v.5] Banks, insurance companies, investment trusts, real estate, finance and credit companies (1928-54).
Crossroads of a Continent: Missouri Railroads, 1851-1921 tells the story of the state's railroads and their vital role in American history. Missouri and St. Louis, its largest city, are strategically located within the American Heartland. On July 4, 1851, when the Pacific Railroad of Missouri began construction in St. Louis, the city took its first step to becoming a major hub for railroads. By the 1920s, the state was crisscrossed with railways reaching toward all points of the compass. Authors Peter A. Hansen, Don L. Hofsommer, and Carlos Arnaldo Schwantes explore the history of Missouri railroads through personal, absorbing tales of the cutthroat competition between cities and between railroads that meant the difference between prosperity and obscurity, the ambitions and dreams of visionaries Fred Harvey and Arthur Stilwell, and the country's excitement over the St. Louis World's Fair of 1904. Beautifully illustrated with over 100 color images of historical railway ephemera, Crossroads of a Continent is an engaging history of key American railroads and of Missouri's critical contribution to the American story.
“Grant has once again hit a home run . . . a detailed but readable history of the Chicago, Rock Island and Pacific, a major Midwestern railroad.” —Carlos A. Schwantes, St. Louis Mercantile Library Professor Emeritus The Chicago, Rock Island & Pacific Railroad’s history is one of big booms and bigger busts. When it became the first railroad to reach and then cross the Mississippi River in 1856, it emerged as a leading American railroad company. But after aggressive expansion and a subsequent change in management, the company struggled and eventually declared bankruptcy in 1915. What followed was a cycle of resurrections and bankruptcies; a grueling, ten-year, ultimately unsuccessful battle to merge with the Union Pacific; and the Rock Island’s final liquidation in 1981. But today, long after its glory days and eventual demise, the “Mighty Fine Road” has left behind a living legacy of major and feeder lines throughout the country. In his latest work, railroad historian H. Roger Grant offers an accessible, gorgeously illustrated, and comprehensive history of this iconic American railroad. “This handsome, well-illustrated book merits the attention of any reader interested in the history of Iowa. And just as important, the book reminds us of the importance of railroads to the history and vitality of American society. All aboard!” —Iowa City Press-Citizen “A Mighty Fine Road lays out the amazing, yet heartbreaking history of the railroad I loved. The historical opportunities and disappointments of the Rock Island is clearly explained in Grant’s book, with visionaries keeping the dream moving forward, yet damaged and constrained by greed and lack of vision with the next management regime.” —Dan Sabin, President, Iowa Northern Railway Company