Railroads as an economic force in American development by Leland Hamilton Jenks Download PDF EPUB FB2
Railroads as an Economic Force 3 water transport, to unite distant points by more direct routes.8 It was the de-termination to build railroads in advance of traffic that gave the "railroad idea" prolonged force in American economic life.
The conviction that the railroad would run anywhere at a profit put fresh spurs to American ingen. 10 This correlation was initially based upon inspection of the mileage data in comparison with the chart in Schumpeter, Business Cycles, II,and the analyses of business conditions in Thorp, Willard Long, Business Annals (New York: National Bureau of Economic Research, ) and National Bureau of Economic Research, Recent Economic Changes (New York: McGraw-Hill Book Cited by: The subtitle of this book is "The Growth, Rejection & Rebirth of a Vital American Force".
I was quite amazed by the fascinating history of railroads in the U.S. As the author makes very clear prior to, say,if you wanted to go somewhere, see something interesting, visit someone distant, conduct business, deliver or obtain goods your only Cited by: The Union Pacific Railroad: A Case Study of Premature Enterprise.
Baltimore: Johns Hopkins Press. Robert Fogel. “A Quantitative Approach to the Study of Railroads in American Economic Growth: A Report of Some Preliminary Findings,” Journal of Economic History, 22.
Railroads and Economic Growth in the Antebellum United States 1. Introduction It is a well-established fact that the railroad played a major role in the development of the antebellum United States.1 The availability of an expanding railroad infrastructure revolutionized the dynamics of the US economy, shattering traditional time and space Size: KB.
In Railroads and American Political Development Zachary Callen tells the story of the federal government’s role in developing a national rail system—and the rail system’s role in expanding the power of the federal government.
The book reveals how state building, so often attributed to an aggressive national government, can also result. In his new book, Railroaded, historian Richard White examines the impact transcontinental train corporations had on business and politics at the end of the 19th century.
Railroads establish "a. In his classic paper on the significance of railroads to American economic development, Leland Jenks distinguished three principal avenues of influence: (1) The railroad was what Jenks called an “innovating idea” with important psychological impact “manifested in a wave-like profusion of new enterprise of many sorts.”.
The economy of the United States was directly affected by the growth of railroads in a number of ways. With the completion of the transcontinental railroad innew markets and resources were.
3 Leland Jenks, "Railroads as an Economic Force in American Development," JOURNAL OF ECONOMIC HISTORY, IV, No. 1 (May ), 4 Paul Rosenstein-Rodan, "Notes on the Theory of the Big Push," Center for International Studies. Railroads as an economic force in American development book 5 Paul H.
Cootner, "Transport Innovation and Economic Development: The Case. It appears as the sine qua non of American economic growth, the prime force behind the westward movement of agriculture, “Railroads as an Economic Force in American Development, It is a progress report on one aspect of a larger study entitled Railroads and American Economic Growth.
There were numerous matters the railroads effected in American development and the framework of the country. The railroad had positive and negative effects on America as a whole through the growth of the industry, such as; encouraged western expansion, enhanced the economy, recognized railroad monopolies, assisted the Union in Civil War, helped.
“In his new book, his ninth, a comprehensive, compulsive and compelling epic story of the American railroad, Christian Wolmar reveals how that revolution actually fuelled the nation’s rise to a world-status power with its new found ability to glue itself together into a cohesive economic s: of economic development – the extent of urbanization – quantifying the contribution of the railroad using a number of techniques that have been developed since Fishlow wrote his book.
Specifically, GIS lets us map the nineteenth century railroad network with a degree of precision and coherence unavailable to earlier researchers while some more. tions have made international trade an economic driving force in today’s world. The American JourneyVideo The chapter 19 video, “The Builders of Our Railroads,” examines the life and hardships that immigrants faced as workers on the railroads.
• Canada becomes self-governing dominion A. Johnson – • Edison invents. John Moody, The Railroad Builders: A Chronicle of the Welding of the States () very good, short book by scholar "Railroads as an Economic Force in American Development," Leland H.
Jenks, The Journal of Economic History, Vol. 4, No. (May, ), pp. in JSTOR recommended; History of Telegraph Industry. The railroads were the key to economic growth in the second half of the nineteenth century. Besides making it possible to ship agricultural and manufactured goods throughout the country cheaply and efficiently, they directly contributed to the development of other industries.
Railroads were the first true "big business' in the U.S., and the first business tycoons were railroad owners.
The impact on economic growth of the U.S. is impossible to overestimate. Approved by. The railroad opened the way for the settlement of the West, provided new economic opportunities, stimulated the development of town and communities, and generally tied the country together.
When the railroads were shut down during the great railroad strike ofthe true importance of the railroads was fully realized. The Railroads: Expansion and Economic Transformation in the Midwest.
Source. Wider Markets. Before the middle of the nineteenth century, the economic highways of the nation lay along its waterways: the coastlines and rivers, and, afterthe artificial rivers carved into the land in the form of canals.
In his preface to American Railroads, Fishlow apologized (in !) for writing yet another book about railroads.
Future generations will certainly acknowledge their debt to Fishlow’s work as they write their own histories of railroads and government policy. Notes: 1. Jeffrey G. Williamson, Economic History Review, (April ): 2. Railroads and the American People () excerpt and text search; Jenks, Leland H.
"Railroads as an Economic Force in American Development," The Journal of Economic History, Vol. 4, No. 1 (May, ), 1– JSTOR Kirkland, Edward Chase ().
Men, Cities and Transportation, A Study of New England History – Jenks, L. () “ Railroads as an economic force in American development. ” Journal of Economic History 4: 1 – Lloyd, E. () Lloyd's American Guide: Containing New Arranged Time Tables, So Simple and Correct That a Child Can Understand Them.
As the railroad network expanded from tochanges in market access were capitalized into county agricultural land values with an estimated elasticity of County-level declines in market access associated with removing all railroads in are estimated to decrease the total value of US agricultural land by 64%.
Founded inAAR is the world’s leading railroad policy, research, standard setting, and technology organization that focuses on the safety and productivity of the U.S. freight rail industry. AAR Full members include the major freight railroads in the United States, Canada and Mexico, as well as Amtrak.
'railroad idea' prolonged force in American economic life. The conviction that the railroad would run anywhere at a profit put fresh spurs to American ingenuity and opened closed paddocks of potential enterprise." In short, the railroad played a central role in American economic development.
Association of American Railroads. "Rail Traffic Trends: Reflections & Prospects." Accessed July 8, Railroad Workers United. "Unions in Round of National Bargaining." Accessed. “A Quantitative Approach to the Study of Railroads in American Economic Growth: A Report of Some Preliminary Findings,” Journal of Economic History, 22 (June).
Robert E. Gallman. “Commodity Output in the United States,” in Conference on Income and Wealth, Trends in the American Economy in the Nineteenth Century, 24, Studies in. Before the 19th century, American people relied on solely trade and farming in order to survive. After the American Revolution and the American Civil War, people noticed the importance of manufacturing and industry.
This is when American development in industry started. However, railroads probably contributed the most to American industrialization. Railways & Economic Impact. Perhaps the economic impact of railways of the 19 th century in America is summed up best by Wikipedia “The railroad had its largest impact on the American transportation system during the second half of the 19th century.
It is the conventional historical view that the railroads were indispensable to the development of a national market in the. The First Transcontinental Railroad in the U.S.
was built across North America in the s, linking the railroad network of the eastern U.S. with California on the Pacific coast. Finished on at the Golden spike event at Promontory Summit, Utah, it created a nationwide mechanized transportation network that revolutionized the population and economy of the American West, catalyzing.In closing with the episodes that led first to destructive government regulation, and then to deregulation of the railroads and the ensuing triumphant rebirth of the nation's basic means of moving goods from one place to another, Railroads Triumphant offers an impassioned defense of their enduring importance to American economic life.‘railroad idea’ prolonged force in American economic life.
The conviction that the railroad would run anywhere at a profit put fresh spurs to American ingenuity and opened closed paddocks of potential enterprise” (Jenks ).
In short, the railroad played a central role in American economic development.