Transcontinental Railroad Tycoons Got Rich Using Government Money

If you needed a railroad to cross 1800 miles of barren countryside, would you ask the Railroad Tycoons to build it? The controversy the swirled around the funding of the Transcontinental Railroad started the day the first spike was hammered in. It continues to this day. In truth, the debate highlights our national discussion about the appropriate role of government in major projects and how it is that the rich get richer. Why Build a Transcontinental Railroad? California became a US Territory in 1848 with the end of the Mexican-American War. The California Gold Rush started that same year. Between 1848[…]

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