- Banned
- #21
It was an era of great socialism for the common man and the rich ones....
All those farmers who got 160 acres cheaply, yes, that's how Andrew Carnegie and JP Morgan became so rich
Both got rich plundering publicly subsidized railroads, so yes, they benefited from the Homestead Act scam as well, Carnegie by selling rails to over-extended railroad companies and Morgan by loading them down with massive debts. Carnegie got rich first in railroading, as a secretary to Tom Scott of the Pennsylvania Railroad. His first 'investments' were in the stocks of car building companies that over-charged the railroad in sweet-heart deals put together by the company's executives, like his boss. Most executives didn't make their big money by running the company, they made it by selling the company a lot of over-priced supplies.
WTF? Railroads were build under the homestead act?
Gotcha Karl. You don't know what you're talking about. The Homestead Act gave farmers 160 acres for practically nothing. The rest you're just pulling out of your ass.
Spare us the idiotic commentaries; try reading a book once in while. You 're just proving your ignorance here, as usual.
Maybe you could provide some links for your wild claims then.
Why, when I can just laugh at you posting stupid ignorant crap? You think your dumbass opinion matters or something? Can't figure out how to use search engines? Never read a book?