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Author: Gregory L. Schneider
Publisher: University Press of Kansas
ISBN: 0700629629
Category : Transportation
Languages : en
Pages : 400
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Book Description
Celebrated in history and song, the Chicago, Rock Island and Pacific Railroad Company—the Rock Island Line—was a powerful Midwestern railroad that once traversed thirteen states with its fast freights and Rocket passenger trains but eventually succumbed to government regulation and a changing economy. Gregory Schneider chronicles the Rock Island’s painful decline and along the way reveals some of the key problems within the American railroad industry during the post–World War II era. Schneider takes readers back to a time when railroads still clung to a storied past to offer new insight into the devastating impact of economic policymaking during the 1960s and 1970s. Schneider recounts the largest railroad liquidation in American history—as well as one of the most successful reorganizations in American business—to depict the demise and ultimate collapse of Rock Island as part of a broader account of hard times in the railroad industry beginning in the 1970s. Schneider weaves a complex story of how business, politics, government bureaucracy, and individual greed helped to limit the economic possibilities of the railroad industry and catapult the Rock Island Railroad into oblivion. Weakened by a troubled economy, the Rock fell victim to inept management and labor union intransigence; but Schneider also reveals how government regulations and price controls prevented innovation, hindered capital acquisition, and favored other forms of transportation that lie beyond the scope of regulation. Railroads were even hurt by taxation of property and real estate while competitors were able to use government-subsidized highways and airports without having to pay taxes to fund them. Now that America has gone on to witness the collapse of such mammoth firms as Enron and Lehman Brothers, not to mention the bankruptcy and bailout of General Motors, the story of the Rock provides an instructive lesson in how a major American enterprise was allowed to fall victim to forces often beyond its control—while the bailout of the Penn Central, at the expense of smaller lines like Rock Island, helped initiate the era of “too big to fail.” For economic historians and railroad buffs alike, Rock Island Requiem is a well-researche
Author: Gregory L. Schneider
Publisher: University Press of Kansas
ISBN: 0700629629
Category : Transportation
Languages : en
Pages : 400
Get Book Here
Book Description
Celebrated in history and song, the Chicago, Rock Island and Pacific Railroad Company—the Rock Island Line—was a powerful Midwestern railroad that once traversed thirteen states with its fast freights and Rocket passenger trains but eventually succumbed to government regulation and a changing economy. Gregory Schneider chronicles the Rock Island’s painful decline and along the way reveals some of the key problems within the American railroad industry during the post–World War II era. Schneider takes readers back to a time when railroads still clung to a storied past to offer new insight into the devastating impact of economic policymaking during the 1960s and 1970s. Schneider recounts the largest railroad liquidation in American history—as well as one of the most successful reorganizations in American business—to depict the demise and ultimate collapse of Rock Island as part of a broader account of hard times in the railroad industry beginning in the 1970s. Schneider weaves a complex story of how business, politics, government bureaucracy, and individual greed helped to limit the economic possibilities of the railroad industry and catapult the Rock Island Railroad into oblivion. Weakened by a troubled economy, the Rock fell victim to inept management and labor union intransigence; but Schneider also reveals how government regulations and price controls prevented innovation, hindered capital acquisition, and favored other forms of transportation that lie beyond the scope of regulation. Railroads were even hurt by taxation of property and real estate while competitors were able to use government-subsidized highways and airports without having to pay taxes to fund them. Now that America has gone on to witness the collapse of such mammoth firms as Enron and Lehman Brothers, not to mention the bankruptcy and bailout of General Motors, the story of the Rock provides an instructive lesson in how a major American enterprise was allowed to fall victim to forces often beyond its control—while the bailout of the Penn Central, at the expense of smaller lines like Rock Island, helped initiate the era of “too big to fail.” For economic historians and railroad buffs alike, Rock Island Requiem is a well-researche
Author: H. Roger Grant
Publisher: Indiana University Press
ISBN: 025304989X
Category : Transportation
Languages : en
Pages : 342
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Book Description
The Chicago, Rock Island & Pacific Railroad's history is one of big booms and bigger busts. When it became the first railroad to reach and then cross the Mississippi River in 1856, it emerged as a leading American railroad company. But after aggressive expansion and a subsequent change in management, the company struggled and eventually declared bankruptcy in 1915. What followed was a cycle of resurrections and bankruptcies; a grueling, ten-year, ultimately unsuccessful battle to merge with the Union Pacific; and the Rock Island's final liquidation in 1981. But today, long after its glory days and eventual demise, the "Mighty Fine Road" has left behind a living legacy of major and feeder lines throughout the country. In his latest work, railroad historian H. Roger Grant offers an accessible, gorgeously illustrated, and comprehensive history of this iconic American railroad.
Author: Bill Marvel
Publisher: Indiana University Press
ISBN: 0253011310
Category : Transportation
Languages : en
Pages : 181
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Book Description
Explore the rich history of the legendary railroad that spanned the American Midwest in this beautifully illustrated volume. Beginning operations in the mid-nineteenth century, the Rock Island Line served farms and small-town America for more than 140 years. One of the earliest railroads to build westward from Chicago, it was the first to span the Mississippi, advancing the frontier, bringing settlers into the West, and hauling their crops to market. Rock Island’s celebrated Rocket passenger trains also set a standard for speed and service, with suburban runs as familiar to Windy City commuters as the Loop. For most of its existence, the Rock battled competitors much larger and richer than itself. When it finally succumbed, the result was one of the largest business bankruptcies ever. Today, as its engines and stock travel the busy main lines operated by other carriers, the Rock Island Line lives on in the hearts of those whom it employed and served.
Author: Curtis C. & Elizabeth M. Roseman & Roseman
Publisher: University of Iowa Press
ISBN: 1587294850
Category : History
Languages : en
Pages : 271
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Book Description
In June 1854 the Grand Excursion celebrated in festive style the completion of the Chicago and Rock Island Railroad to the Mississippi River. Hundreds of dignitaries including newspaper editors and other journalists; politicians; academics, writers and artists; business and industry leaders; and railroad officials were among those who traveled by rail from Chicago to Rock Island, Illinois, then by steamboat to St. Paul in Minnesota Territory. The travelers were shown a region undergoing rapid settlement by Europeans—an area of great natural beauty offering many promises for additional development. One hundred and fifty years later, the thirteen essays in this volume examine the activities and environments of the 1854 Grand Excursion and place them in the context of an evolving regional identity for the Upper Mississippi River Valley based on the economy, culture, geography, and history of the area. In a series of “excursions,” the contributors explore the building of the Chicago and Rock Island Railroad, eastern newspaper accounts of the 1854 excursion, steamboating, the area’s pictorial landscape, passenger trains along the scenic river, the genesis and features of river towns, the control of the river for navigation, the development of preserves, parks, and recreation areas, the lumber industry, and commercial fishing. The book concludes by examining the resurgence of river-oriented development, as river towns are once again embracing the Mississippi. Generously illustrated with maps, engravings, ephemera, and historic and present-day photographs, Grand Excursions on the Upper Mississippi River will be of interest to tourists and residents of the area, river aficionados, railroad and steamboat history buffs, as well as academics interested in the history, geography, and regional development of the area.
Author: Stephen E. Ambrose
Publisher: Simon and Schuster
ISBN: 9780743203173
Category : Business & Economics
Languages : en
Pages : 468
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Book Description
The story of the men who build the transcontinental railroad in the 1860's.
Author: Michael E. Hibblen
Publisher: Arcadia Publishing
ISBN: 1467125385
Category : History
Languages : en
Pages : 1
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Book Description
For nearly 80 years, the Rock Island was a major railroad in Arkansas providing passenger and freight services. A decline in rail travel after World War II and an increase in trucks hauling freight over government-subsidized interstates were among factors that left the railroad struggling. Efforts to merge with other railroads were stalled for years by federal regulators. The Rock Island filed for bankruptcy in 1975 and attempted a reorganization, but creditors wanted the assets liquidated, with a judge shutting it down in 1980. Most of the tracks that traversed the state were taken up, but a few relics, like the Little Rock passenger station and the Arkansas River bridge, remain as monuments to this once great railroad.
Author: Tom Murray
Publisher:
ISBN: 9781616731540
Category : Transportation
Languages : en
Pages : 126
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Book Description
By the time it was merged into the Union Pacific in 1995, the Chicago & North Western was one of the nations oldest surviving railroads, a testament to the Midwestern stoicism with which it had gone about its business since 1859. This illustrated history chronicles how C&NW emerged from a collection of regional carriers to become a strategic link between eastern railroads and the West. Author Tom Murray traces the railroads expansion as it extended secondary lines throughout the Midwest. He also explores C&NWs joint ownership of UP passenger trains and describes how the railroad answered challenges from regional rivals with the "400" series of passenger trains. As fascinating as the story are the hundreds of accompanying illustrations--historical photographs, archival images, route maps, and period print ads. The result is an entertaining and informative history of an iconic Midwestern railroad--a narrative that spans the decades from the 1850s to the 1990s and takes in steam and diesel motive power, freight and passenger operations, and all the key characters, events, and deals that figured in the Chicago & North Westerns rise and eventual demise.
Author: Brian McGinty
Publisher: W. W. Norton & Company
ISBN: 087140785X
Category : History
Languages : en
Pages : 243
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Book Description
The untold story of how one sensational trial propelled a self-taught lawyer and a future president into the national spotlight. In May of 1856, the steamboat Effie Afton barreled into a pillar of the Rock Island Bridge, unalterably changing the course of American transportation history. Within a year, long-simmering tensions between powerful steamboat interests and burgeoning railroads exploded, and the nation’s attention, absorbed by the Dred Scott case, was riveted by a new civil trial. Dramatically reenacting the Effie Afton case—from its unlikely inception, complete with a young Abraham Lincoln’s soaring oratory, to the controversial finale—this “masterful” (Christian Science Monitor) account gives us the previously untold story of how one sensational trial propelled a self-taught lawyer and a future president into the national spotlight.
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 28
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Book Description
Author:
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ISBN:
Category :
Languages : en
Pages : 28
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