But the government had little to do with it. The railroad was built by free market capitalists. Yep, the wealthiest men who paid for building it did benefit a lot.... that's WHY they did it. You see, they were motivated to build the railroad. But now, last time I checked, the railroad was not exclusively used by only the wealthiest 1%. Seems like an awful lot of people who were not among the wealthiest 1% used the railroad and gained a benefit from it. Seems like a lot of middle-income and poor people were able to use the railroad to gain prosperity and wealth. In the end, even though it helped the rich get richer, it was a good thing for all.
But the government had little to do with it. The railroad was built by free market capitalists. Yep, the wealthiest men who paid for building it did benefit a lot.... that's WHY they did it. You see, they were motivated to build the railroad. But now, last time I checked, the railroad was not exclusively used by only the wealthiest 1%. Seems like an awful lot of people who were not among the wealthiest 1% used the railroad and gained a benefit from it. Seems like a lot of middle-income and poor people were able to use the railroad to gain prosperity and wealth. In the end, even though it helped the rich get richer, it was a good thing for all.
Not much of a historian are you. How do you imagine the railroads acquired the land?
Did the land build the railroad?
Are you serious or what?
Uhm, yes... why would I be anything but serious?
Did the land build the railroad? Yes or no?
You see... I said
"...the government had little to do with it. The railroad was built by free market capitalists."
The response to this was regarding land the railroad was built on. I didn't mention the land, only the building of the railroad. Now the actual LAND belonged to indigenous tribes of North America and was stolen by the US Government. So the US Government actually made no real contribution to the railroad... other than military protection against the people the land was stolen from. Capitalists built the railroad.
Let's follow this thought process of yours
So the land that the 'job creators' have belongs to the indigenous tribes of NAmerica too? LOL
Or it's OK, for 'capitalists' to take things?
You stated earlier capitalists, NOT Gov't built the RR's? lol
Between 1850 and 1871 the United States government used a portion of the public domain (federally owned land) to assist and encourage the building of railroads.
In all, during that twenty-one year period approximately 1.31 million acres of land were transferred to private ownership. This represented 9.5 percent of the public domain as it stood in 1850 (1.39 billion acres).
The law provided that companies agreeing to undertake the construction of transcontinental railroad lines would be eligible for loans ranging from
$16,000 to $48,000 per mile of track laid. The precise amount of the loan was determined by the difficulty of the terrain through which the construction passed.
The government loaned a total of $64,623,512 to the transcontinental companies
The states added another 50 million acres of land grants. Local communities also subsidized railroad companies by giving them land for depots and rights of way and tax exemptions
The total of public land grants given to the railroads by states and the federal government was about 180 million acres. At the time, the value of this land was about one dollar per acre
Railroads Federal Land Grants to Issue FREE Railroads Federal Land Grants to Issue information Encyclopedia.com Find Railroads Federal Land Grants to Issue research