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Eleven contributions from Magnusson and Ottosson (both economic history, Uppsala U.) and other academics in the U.S. and Sweden consider the interactions between the state and the market from an institutional and historical perspective. They argue that state interventionism is strongly influenced by historical and path dependent factors. Topics include, for example, regulation in the first century of U.S. railroading and the regulatory reform of Swedish telecommunications. The papers were originally presented at a workshop held in Stockholm in June of 1999. Annotation copyrighted by Book News, Inc., Portland, OR
"Do not think of the Pennsylvania Railroad as a business enterprise," Forbes magazine informed its readers in May 1936. "Think of it as a nation." At the end of the nineteenth century, the Pennsylvania Railroad was the largest privately owned business corporation in the world. In 1914, the PRR employed more than two hundred thousand people—more than double the number of soldiers in the United States Army. As the self-proclaimed "Standard Railroad of the World," this colossal corporate body underwrote American industrial expansion and shaped the economic, political, and social environment of the United States. In turn, the PRR was fundamentally shaped by the American landscape, adapting to geography as well as shifts in competitive economics and public policy. Albert J. Churella's masterful account, certain to become the authoritative history of the Pennsylvania Railroad, illuminates broad themes in American history, from the development of managerial practices and labor relations to the relationship between business and government to advances in technology and transportation. Churella situates exhaustive archival research on the Pennsylvania Railroad within the social, economic, and technological changes of nineteenth- and twentieth-century America, chronicling the epic history of the PRR intertwined with that of a developing nation. This first volume opens with the development of the Main Line of Public Works, devised by Pennsylvanians in the 1820s to compete with the Erie Canal. Though a public rather than a private enterprise, the Main Line foreshadowed the establishment of the Pennsylvania Railroad in 1846. Over the next decades, as the nation weathered the Civil War, industrial expansion, and labor unrest, the PRR expanded despite competition with rival railroads and disputes with such figures as Andrew Carnegie and John D. Rockefeller. The dawn of the twentieth century brought a measure of stability to the railroad industry, enabling the creation of such architectural monuments as Pennsylvania Station in New York City. The volume closes at the threshold of American involvement in World War I, as the strategies that PRR executives had perfected in previous decades proved less effective at guiding the company through increasingly tumultuous economic and political waters.
How railroads both united and divided us: “Integrates military and social history…a must-read for students, scholars and enthusiasts alike.”—Civil War Monitor Beginning with Frederick Douglass’s escape from slavery in 1838 on the railroad, and ending with the driving of the golden spike to link the transcontinental railroad in 1869, this book charts a critical period of American expansion and national formation, one largely dominated by the dynamic growth of railroads and telegraphs. William G. Thomas brings new evidence to bear on railroads, the Confederate South, slavery, and the Civil War era, based on groundbreaking research in digitized sources never available before. The Iron Way revises our ideas about the emergence of modern America and the role of the railroads in shaping the sectional conflict. Both the North and the South invested in railroads to serve their larger purposes, Thomas contends. Though railroads are often cited as a major factor in the Union’s victory, he shows that they were also essential to the formation of “the South” as a unified region. He discusses the many—and sometimes unexpected—effects of railroad expansion, and proposes that America’s great railroads became an important symbolic touchstone for the nation’s vision of itself. “In this provocative and deeply researched book, William G. Thomas follows the railroad into virtually every aspect of Civil War history, showing how it influenced everything from slavery’s antebellum expansion to emancipation and segregation—from guerrilla warfare to grand strategy. At every step, Thomas challenges old assumptions and finds new connections on this much-traveled historical landscape."—T.J. Stiles, Pulitzer Prize-winning author of The First Tycoon: The Epic Life of Cornelius Vanderbilt
EBONY is the flagship magazine of Johnson Publishing. Founded in 1945 by John H. Johnson, it still maintains the highest global circulation of any African American-focused magazine.
EBONY is the flagship magazine of Johnson Publishing. Founded in 1945 by John H. Johnson, it still maintains the highest global circulation of any African American-focused magazine.