Railroads

The original capital-markets industry: land grants, over-building, bankruptcy, consolidation, and eventually durable pricing power.

7 books

Start here

  1. RailroadedRichard White, 2011
  2. The Men Who Loved TrainsRush Loving Jr., 2006
  3. American Railroads: Decline and Renaissance in the Twentieth CenturyRobert E. Gallamore, John R. Meyer, 2014

Books 7

Richard White · 2011 · The transcontinentals as financially unsound political creations.
Joseph R. Daughen, Peter Binzen · 1971 · The largest US bankruptcy of its era and a merger-integration failure.
David Haward Bain · 1999
Rush Loving Jr. · 2006 · Conrail, deregulation and the industry's return to profit.
Robert E. Gallamore, John R. Meyer · 2014 · The economics of Staggers Act deregulation.