Description
It took ten years of laborious planning and exhaustive negotiations to create the mammoth Penn Central Railroad, the largest railroad in United States history. When the leviathan was finally born of a merger between the Pennsylvania and New York Central Railroads on February 1, 1968, the event was hailed as a great day for railroading. But the baby giant survived only 367 days. The crash of the Penn Central set a new record, this time for the largest bankruptcy the United States had ever seen.
"The Wreck of the Penn Central" provides a close-up view of the events that brought the Big Train to bankruptcy court--over-regulation, subsidized competition, big labor featherbedding, greed, corporate back-stabbing, stunning incompetence, and, yes, even a little sex.
Author: Joseph R. Daughen
Publisher: Beard Books
Published: 02/19/1999
Pages: 380
Binding Type: Paperback
Weight: 1.08lbs
Size: 8.80h x 5.50w x 0.90d
ISBN13: 9781893122086
ISBN10: 1893122085
BISAC Categories:
- Business & Economics | Corporate & Business History | General
- Transportation | Railroads | History
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