'Railroads from the Investor's View Point' Summary

Published in 1921, 'Railroads from the Investor's View Point' offers a historical perspective on the American railroad industry from the post-Civil War era to the early 20th century. The book recounts the growth and evolution of railroads as a critical infrastructure, highlighting the significant impact they had on the nation's economic development. It sheds light on the complex and often questionable business practices employed by railroad companies during this period, including instances of corruption and manipulation of financial instruments. The book further examines the wartime experience of the railroad industry, specifically the government's temporary control during World War I, and explores the implications for both the companies and the economy. The latter part of the book delves into the different types of railroad securities, providing a guide to the financial intricacies of the industry and its appeal to investors.