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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: H. Roger Grant
Publisher: Indiana University Press
ISBN: 025304989X
Category : Transportation
Languages : en
Pages : 342
Get Book Here
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: 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: H. Roger Grant
Publisher: Indiana University Press
ISBN: 025304989X
Category : Transportation
Languages : en
Pages : 342
Get Book Here
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: 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: 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.
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Languages : en
Pages : 74
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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: Chicago, Rock Island and Pacific Railway Company
Publisher:
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Languages : en
Pages : 170
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Languages : en
Pages : 162
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Languages : en
Pages : 102
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