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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: 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.
Author: Paul Gerald
Publisher: Menasha Ridge Press
ISBN: 0897329384
Category : Travel
Languages : en
Pages : 242
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Book Description
Everybody knows about Portland’s food scene, its outdoor recreation, its bike lanes, beer pubs, and coffee shops. Whether you call it Stumptown or Bridgetown — or even PDX — Portland has been mocked as the city where young people go to retire. But seemingly every weekend there’s a festival, organized bike ride, political march, or something else clamoring for participation. In short, Portland is a happening town. Seeking out the places or times when the crowds will be elsewhere, Paul Gerald give travelers the essence of what each place is about — what makes it peaceful or inviting. But he does not stint on also giving readers all the detailed info they need to get there at the crowd-free time. The theme that carries throughout the book is a simple one: Portland is a great city, but it’s still a city, and sometimes folks just need a break.
Author: Benton McAdams
Publisher:
ISBN: 9780875802671
Category : History
Languages : en
Pages : 260
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Book Description
Ashley Wilkes of Gone with the Wind helped to seal Rock Island's reputation as the "Andersonville of the North." McAdams separates truth from fiction about the Rock Island Barracks, the prison that held tens of thousands of Confederate soldiers. Revealing that Rock Island was not without its problems—ignominious punishments, inadequate facilities, malnutrition, and lack of basic supplies—McAdams shows how Union officers sought to maintain humane conditions in the face of a war that raged on longer than anyone anticipated. Two dozen rare photographs round out the unflinching descriptions of prison life.
Author: David Rhodes
Publisher: Milkweed Editions
ISBN: 1571318003
Category : Fiction
Languages : en
Pages : 456
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Book Description
“A fast-moving story about small town life with characters that seem to have walked off the pages of Edgar Lee Masters’s Spoon River Anthology.”—The Wall Street Journal The few hundred souls who inhabit Words, Wisconsin, are an extraordinary cast of characters. The middle-aged couple who zealously guards their farm from a scheming milk cooperative. The lifelong invalid, crippled by conflicting emotions about her sister. A cantankerous retiree, haunted by childhood memories after discovering a cougar in his haymow. The former drifter who forever alters the ties that bind a community. In his first novel in 30 years, David Rhodes offers a vivid and unforgettable look at life in small-town America. “[Rhodes’s] finest work yet . . . Driftless is the best work of fiction to come out of the Midwest in many years.”—Chicago Tribune “Set in a rural Wisconsin town, the book presents a series of portraits that resemble Edgar Lee Masters’s ‘Spoon River Anthology’ in their vividness and in the cumulative picture they create of village life.”—The New Yorker “Encompassing and incisive, comedic and profound, Driftless is a radiant novel of community and courage.”—Booklist (starred review) “A welcome antidote to overheated urban fiction . . . A quiet novel of depth and simplicity.”—Kirkus Reviews “It takes a while for all these stories to kick in, but once they do, Rhodes shows he still knows how to keep readers riveted. Add a blizzard, a marauding cougar and some rabble-rousing militiamen, and the result is a novel that is as affecting as it is pleasantly overstuffed.”—Publishers Weekly
Author: C. J. Lovik
Publisher:
ISBN: 9780996340595
Category :
Languages : en
Pages :
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Author: United States Civil Service Commission
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Author: Charles M. Goodsell
Publisher:
ISBN:
Category : Corporations
Languages : en
Pages : 1142
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Author: United States. Department of the Interior
Publisher:
ISBN:
Category : United States
Languages : en
Pages : 1250
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Book Description
