government is an inefficient evil
Awesome in 1927 What can we learn from the following info found in the history of the B&O railroad? Government control of the railroad (industry) lasted through 1920 and had a damaging effect in many ways. Right-of-ways and rolling stock deteriorated, due to the government’s low-maintenance policies, and expenses were allowed to mount until they exceeded income. These problems could be overcome - but the maturing century would present, time and again, such difficulty for the nation’s railroads that the circumstances of the second decade would be a bad omen for many. Yet, September, 1927 opened the grand celebration of the 100th birthday of the B&O railroad called the Fair of the Iron Horse held in Baltimore, MD. Check it out for incredible pageantry and displays After WWII the US and British railroads, with one Canadian line, were now the only major rail systems in the world not government-owned or controlled at the war’s end. Further, Britain’s railroads soon were to be socialized, leaving only the railroads of North America under private ownership and operation. In 1970, the government created the National Railroad Passenger Corporation, aka ‘Amtrak’ (which) ... would be federally run ( as a perennial money loser). In spite of daunting difficulties, B&O and the railroads were built and eventually cris-crossed this nation in spite of setbacks from depressions, recessions, wars and governmental interference. We can learn that government is an inefficient evil; private enterprise in spite of incredible obstacles continuously re-invents itself and moves forward.