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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: Michael E. Hibblen
Publisher: Arcadia Publishing
ISBN: 1439659893
Category : Transportation
Languages : en
Pages : 199
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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: Gregory L. Schneider
Publisher: NYU Press
ISBN: 0814797997
Category : History
Languages : en
Pages : 465
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Book Description
Presents forty essays, speeches, and other documents on conservatism or by conservatives, spanning 1930 to the turn of the century, including works by Seward Collins, Barry Goldwater, William F. Buckley, Jr., Irving Kristol, Ronald Reagan, Newt Gingrich, and others.
Author: H. Roger Grant
Publisher: Indiana University Press
ISBN: 0253018072
Category : Transportation
Languages : en
Pages : 256
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Book Description
For over 25 years, the creatively led Railroad Development Corporation (RDC) has rejuvenated a series of down-and-out and even defunct railroads. Launched in 1987 by Henry Posner III, this investment and management company has demonstrated that it is possible both to have a conscience and to earn a profit in today's railroad industry. With ventures on four continents, RDC has created an admirable record of long-term commitments, respect for local cultures, and protection of the public interest. H. Roger Grant presents a firsthand look at this unique business operation and its triumphs and disappointments.
Author: H. Roger Grant
Publisher: Indiana University Press
ISBN: 0253032911
Category : Transportation
Languages : en
Pages : 244
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Book Description
In John W. Barriger III: Railroad Legend, historian H. Roger Grant details the fascinating life and impact of a transportation tycoon and "doctor of sick railroads." After graduating from the Massachusetts Institute of Technology, John W. Barriger III (1899–1976) started his career on the Pennsylvania Railroad as a rodman, shop hand, and then assistant yardmaster. His enthusiasm, tenacity, and lifelong passion for the industry propelled him professionally, culminating in leadership roles at Monon Railroad, Pittsburgh and Lake Erie Railroad, Missouri-Kansas-Texas Railroad and the Boston and Maine Railroad. His legendary capability to save railroad corporations in peril earned him the nickname "doctor of sick railroads," and his impact was also felt far from the train tracks, as he successfully guided New Deal relief efforts for the Railroad Division of the Reconstruction Finance Corporation during the Depression and served in the Office of Defense Transportation during World War II. Featuring numerous personal photographs and interviews, John W. Barriger III is an intimate account of a railroad magnate and his role in transforming the transportation industry.
Author: Gregory L. Schneider
Publisher: Rowman & Littlefield
ISBN: 9780742542853
Category : History
Languages : en
Pages : 280
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Book Description
This concise history focuses on the development of American conservatism in the twentieth century up to the present.
Author: David H. Stratton
Publisher: University of New Mexico Press
ISBN: 0826363407
Category : History
Languages : en
Pages : 230
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Book Description
Tucumcari, New Mexico, was founded in 1901 by the Rock Island Railroad and soon had major railroad lines converging there from Chicago, Los Angeles, and Memphis as well as a northern branch line from the Dawson coalfields. The federal highway system established Route 66, the “Main Street of America,” through the middle of town in 1926. Tucumcari flourished as a tourist mecca, welcoming travelers with its blazing displays of neon lights. But mergers, reorganizations, and financial problems of the railroads, as well as the creation of the interstate highway system that bypassed small places, brought a sharp decline to the once-prosperous town. Tucumcari Tonite! blends in-depth research and personal and family experiences to re-create a “memoir” of Tucumcari. Drawing on newspapers and government documents as well as business records, personal interviews, and archival holdings, Stratton weaves a poignant tale of a western town’s rise and decline—providing a prime example of the destructive forces that have been inflicted on small towns in the West and all across America.
Author: Matthew D. Tribbe
Publisher:
ISBN: 0199313520
Category : History
Languages : en
Pages : 289
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Book Description
This fluidly written first book uses Americans' reactions to the Apollo moon landings to examine cultural and social trends in the 1960s and 70s.
Author: Gregory L. Schneider
Publisher: NYU Press
ISBN: 9780814781081
Category : History
Languages : en
Pages : 286
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Book Description
In this history of the "other Sixties," Gregory L. Schneider traces the influence of Young Americans for Freedom, a conservative political group that locked horns with the New Left and spawned many of the major players in the contemporary conservative movement, from the Goldwater campaign in 1964 to Reagan's revolution in the 1980s. Cadres for Conservatism reveals how young political conservatives, unlike their leftist counterparts, avoided fracture in the wake of the Sixties. Rather, YAF continued to serve as a seedbed for future conservative leaders, many of whom drew on the contacts and (counter-)activism of their youth to consolidate conservative power. Schneider's talent for trenchant archival research is supplemented by a plethora of detailed interviews with virtually every past national chairman and executive director of the YAF, as well as important sponsors such as William F. Buckley, William Rusher, and M. Stanton Evans.
