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Union PacificThe Reconfiguration: America's Greatest Railroad from 1969 to the Present$
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Maury Klein

Print publication date: 2011

Print ISBN-13: 9780195369892

Published to Oxford Scholarship Online: March 2015

DOI: 10.1093/acprof:osobl/9780195369892.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 27 September 2021

The Industry

The Industry

Chapter:
(p.14) (p.15) 1 The Industry
Source:
Union Pacific
Author(s):

Maury Klein

Publisher:
Oxford University Press
DOI:10.1093/acprof:osobl/9780195369892.003.0003

This chapter provides an overview of the railroad industry in the United States in 1969. Many railroads were in the financial doldrums, and some had already fallen into a state of mergers and bankruptcy. Once the largest and most powerful sector of the nation's economy, the railroad industry had been losing health and vitality for five decades. By the mid-nineteenth century, railroads had become the nation's dominant form of transportation. When the United States entered World War I, however, the government took over the railroads. This chapter examines the factors that contributed to the financial woes of the railroad industry.

Keywords:   railroad industry, United States, railroads, mergers, bankruptcy, transportation, World War I

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