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Issue:

History

 

Written by:

Sherry W

 

Date added:

April 9, 2015

 

Level:

College

 

Grade:

A

 

No of pages / words:

1 / 201

 

Was viewed:

1715 times

 

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Essay content:

Construction of the railroads and trains provided work. Convinced of its promise for their town or region, eager politicians jumped on the railway bandwagon and into the favour of their constituents. Despite their popularity, most railways were characterized by chronic financial problems and eventually went bankrupt or were absorbed by larger companies...
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Governments that helped fund the ventures were left holding the empty moneybag when companies could not generate enough profit or pay their debts. Sometimes this happened before the construction of a railroad was complete and in many instances, it had not even begun. Public benefits from a new line were real, but over-zealous promotions masked a combination of unrealistic hopes and lack of proper planning and financing...
displayed 300 characters

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