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Railroad historians mark the 1906 Hepburn Act that gave the ICC the power to set maximum railroad rates as a damaging blow to the long-term profitability and growth of railroads. [145] After 1910 the lines faced an emerging trucking industry to compete with for freight, and automobiles and buses to compete for passenger service. [73]: 348–64
The railroads wanted experienced European farmers who could sell small farms in Germany or Scandinavia and use the gold to buy much larger farms. The railroads subsidizes travel for prospective buyers and their families and machinery. The sold farmland on good credit terms, such as 10% down and ten years to pay. [26]
The Routledge Historical Atlas of the American Railroads (2001) Stover, John. History of the Illinois Central Railroad (1975) Stover, John. Iron Road to the West: American Railroads in the 1850s (1978) Turner, George E. Victory rode the rails: the strategic place of the railroads in the Civil War (1953) Ward, James Arthur. J.
The American railroad mania began with the Baltimore and Ohio Railroad in 1828 and flourished until the Panic of 1873 bankrupted many companies and temporarily ended growth. Railroads not only increased the speed of transport, they also dramatically lowered its cost.
July 15 – Sidney Breese, U.S. senator from Illinois known as the "father of the Illinois Central Railroad" (d. 1878). July 29 – George Bradshaw, English cartographer, printer and publisher and the originator of the railway timetable (d. 1853).
1838 – The world's first railroad junction is formed in Branchville, South Carolina. The railroad company extended its existing rail that ran between Charleston and the Savannah River to the north toward Orangeburg and Columbia. Both rail lines closely paralleled old Native American trails. 1838 – Edmondson railway ticket introduced.
The first American locomotive at Castle Point in Hoboken, New Jersey, c. 1826 The Canton Viaduct, built in 1834, is still in use today on the Northeast Corridor.. Between 1762 and 1764 a gravity railroad (mechanized tramway) (Montresor's Tramway) was built by British Army engineers up the steep riverside terrain near the Niagara River waterfall's escarpment at the Niagara Portage in Lewiston ...
The 1840s were by far the biggest decade for railway growth. [ 25 ] [ 26 ] In 1840, when the decade began, railway lines in Britain were few and scattered but, within ten years, a virtually complete network had been laid down and the vast majority of towns and villages had a rail connection [ citation needed ] and in some cases even two or three.