Great Fortunes from Railroads by Gustavus Myers

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About this eBook

Author Myers, Gustavus, 1872-1942
Title Great Fortunes from Railroads
Note Reading ease score: 56.7 (10th to 12th grade). Somewhat difficult to read.
Credits Produced by Charles Franks and the Online Distributed Proofreading Team
Summary "Great Fortunes from Railroads" by Gustavus Myers is a historical account written during the late 19th century. The book delves into the monumental fortunes amassed through the manipulation and control of railroad systems, examining the intertwining of wealth, government, and legal systems that facilitated this economic power. It particularly highlights the Vanderbilt and Gould fortunes, detailing how their wealth was acquired through a combination of industrial development, legislative corruption, and social inequalities. At the start of the work, Myers sets the stage by discussing the broader context of the American economy during the development of the rail industry. He contrasts the slow and individualistic growth of factory owners with the rapid accumulation of wealth by railroad magnates, illustrating the corrupt practices employed to seize public lands and secure legal advantages over the poorer classes. Myers argues that the laws established were often manipulated for the benefit of a select few, allowing them to monopolize resources while effectively disenfranchising the working population. This initial portion serves not only as an introduction to the rich historical narrative of railroad fortunes but also poses a critique of societal structures that enable capitalism to exploit labor and resources at the expense of common citizens. (This is an automatically generated summary.)
Language English
LoC Class HC: Social sciences: Economic history and conditions, Special topics
Subject Wealth -- United States -- History -- 19th century
Subject United States -- Economic conditions -- 19th century
Subject Businessmen -- United States -- History -- 19th century
Subject Railroads -- United States -- History -- 19th century
Category Text
EBook-No. 6495
Release Date
Most Recently Updated Dec 29, 2020
Copyright Status Public domain in the USA.
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