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The Interstate Commerce Commission and its relationship with the railroad is the subject of this work, which traces the enormous changes that saw the rail industry go from being strictly regulated for 90 years to being largely deregulated in the late 1970s. Stone concentrates on the post-1976 ...

The Interstate Commerce Commission and its relationship with the railroad is the subject of this work, which traces the enormous changes that saw the rail industry go from being strictly regulated for 90 years to being largely deregulated in the late 1970s. Stone concentrates on the post-1976 period, when the ICC's view of regulation changed drastically, and considers the political and economic forces that contributed to its actions. He also charts the ICC's transformation from a powerful independent commission to a smaller, less influential one, and assesses its future ties to the railroad industry.

On December 23, 1852, the first train on the first railroad west of the Mississippi River steamed proudly from St. Louis to Cheltenham--theimmense distance of five miles. In that moment of exaltation, writes Robert Edgar Riegel, 'flags waved, bands played, and orators prophesied the flowering of the ...

On December 23, 1852, the first train on the first railroad west of the Mississippi River steamed proudly from St. Louis to Cheltenham--theimmense distance of five miles. In that moment of exaltation, writes Robert Edgar Riegel, 'flags waved, bands played, and orators prophesied the flowering of the West under the beneficent influence of the steam locomotive.

Though Cuba was among the first countries in the world to utilize rail transport, the history of its railroads has been little studied. This English translation of the prize-winning Caminos para el azucar traces the story of railroads in Cuba from their introduction in the nineteenth century through ...

Though Cuba was among the first countries in the world to utilize rail transport, the history of its railroads has been little studied. This English translation of the prize-winning Caminos para el azucar traces the story of railroads in Cuba from their introduction in the nineteenth century through the 1959 Revolution.

More broadly, the book uses the development of the Cuban rail transport system to provide a fascinating perspective on Cuban history, particularly the story of its predominant agro-industry, sugar. While railroads facilitated the sugar industry's rapid growth after 1837, the authors argue, sugar interests determined where railroads would be built and who would benefit from them. Zanetti and Garcia explore the implications of this symbiotic relationship for the technological development of the railroads, the economic evolution of Cuba, and the lives of the railroad workers.

As this work shows, the economic benefits that accompanied the rise of railroads in Europe and the UnitedStates were not repeated in Cuba. Sugar and Railroads provides a poignant demonstration of the fact that technological progress alone is far from sufficient for development.

The Man Who Found the Money is a critical biography of John Stewart Kennedy, an "Eastern" banker, whose contributions to railroad development are often left unmentioned in the writing of American railroad history. John Stewart Kennedy (1830-1909), a Scots immigrant and entrepreneur, was a pioneer in ...

The Man Who Found the Money is a critical biography of John Stewart Kennedy, an "Eastern" banker, whose contributions to railroad development are often left unmentioned in the writing of American railroad history. John Stewart Kennedy (1830-1909), a Scots immigrant and entrepreneur, was a pioneer in this building boom. His rise to prosperity occurred because of his ability to mobilize the capital; in the end he helped create railroads that still form part of the backbone of America's transportation network. By the time he was thirty-eight, Kennedy had formed his own banking company and had taken advantage of the booming economy. In the years to follow, Kennedy carved out an impressive niche in the world of railroad finance. His dual role as commission merchant and private banker provided him with information, contacts, prestige, and an uncanny sense of timing which allowed him to raise new capital while attracting investors into new ventures. Through his contributions, several railroads were reorganized and,transformed into the more prominent lines still in use today. Later in his life, after he retired from banking and finance, Kennedy devoted his time and money to charity and civic activity. At his death in 1909, a large portion of his immense fortune was distributed to a wide range of charities and philanthropies.