Railroad Construction Quotes
The Panama railroad had been built by Americans over a half century ago, with appalling loss of life
Before there was a Panama Canal, there was a railroad that Americans had built earlier. Goods could be transshipped across Panama from one ocean to the other. However, the unloading and reloading of ships made the process very inefficient. A Canal would be much better. TR recognized the appalling loss of life in the construction of the railroad but we went ahead and built the canal which cost many more lives. Workers died from Malaria, other diseases, and a high rate of industrial and construction injuries.
While all the benefits of building the Trans-Continental Railroad that were claimed for the public during the Congressional debate turned out to be untrue, many of them were sincerely believed by the Congressmembers and special interests who advocated them. Not only were the benefits claimed unreal in practice, but none of the negative consequences were anticipated. (The destruction of the great Buffalo herd, and the huge foreign immigration were just two.) At the same time, the true benefits were also unanticipated. (The development of the telegraph system of the nation and the standardization of time zones in the country are two of these.) It is a profound historical example of unanticipated consequences, both good and bad, of government policy and programs.
Bonnycastle was one of the earliest visionaries of a transcontinental railroad. The Canadian version however was constructed after the United States.
Ten years later, The Transcontinental Railroad was completed. What Sherman did not count on was the massive subsidies that the government offered the companies to build the railroad fast.
In America that had almost happened as the farmers were at the mercy of the railroad monopoly in any one area.
The Mormon settlement of the West has, from an economic development point of view, produced a successful model that few have ever even approached. Using techniques that ranged from classic capitalism to classic socialism, they blended both systems into a unique structure of their own. The results were spectacular despite the fact that the Mormons faced boycotts from manufacturers throughout the country and could borrow no money from banks, and never received any financial help from the Federal or any other government but their own. Even if they had gone into heavy debt, the results would have been spectacular, but achieving all that without any debt whatsoever is one of the most successful economic developments in the history of the world.