America 1930-1939: Science and Technology Research Article from American Decades

This Study Guide consists of approximately 66 pages of chapter summaries, quotes, character analysis, themes, and more - everything you need to sharpen your knowledge of America 1930-1939.
This section contains 1,069 words
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The Value of Railroads.

When the first American railroad experiments took place near Baltimore in the 1830s, horrified stagecoach drivers clamored for protection, fearing their livelihood was coming to an end in the face of the iron horse. Less than a century later it was the railroads' turn to scream for help. The Depression's impact on transportation was felt most notably in the railroad system, in which the number of carloads dropped from an average 4.5 million in 1929 to approximately 3 million in 1932. Due to a 1922 decree of the Interstate Commerce Commission, railroad operators were not allowed to exceed a profit of 5.75 percent on their investments, yet even in the best years of the late 1920s they hardly reached that limit. Railroads complained of overregulation; local, state, and federal taxation rules; and financial ratings lower than those of...

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This section contains 1,069 words
(approx. 4 pages at 300 words per page)
Buy the America 1930-1939: Science and Technology Encyclopedia Article
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America 1930-1939: Science and Technology from Gale. ©2005-2006 Thomson Gale, a part of the Thomson Corporation. All rights reserved.
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