Federal land grants built the railroads, unless you think that private money was used to buy up vast tracts in the west before the first tie was laid. Federal mandates to string telegraph and telephone wires made communications possible, unless you think private entrepreneurs had an itch to push lines into small towns on the prairies.
To dismiss the federal government as a hindrance on one hand and ignore the federal power that made all this possible on the other betrays a basic ignorance of history and a basic misunderstanding of the role of the federal government. The federal government cannot be both poison and antidote to private enterprises.
Baloney.
Typical of the indoctrination of government schooling.
1. The Great Northern was built by
James J. Hill, the 'Empire Builder,'
without the generous land grants given to other transcontinental railroads. Hill, a one-eyed Canadian, was a true railroad man "having 20 years of frontier freighting, merchandising, and transportation experience."
John Stover, "American Railroads," p. 76.
a. He began by taking over the bankrupt St. Paul & Pacific, March 13, 1878, building in fits and starts, recycling profits from completed sections to pay for the next stretch. As he progressed westward, he would throw out branches where he could see easy potential profits.
b.
Unlike those of his rivals, the financing of his railroad was generated by it transportation activity rather than through land deals. The very symbol of capitalism, it was built with private money, not government subsidies...i.e., mercantilism.
c. The transcontinental essentially stole Indian land. Hill actually purchased the right of was for cash, and gave jobs to Indians.
2. The Great Northern Railway (reporting mark GN), running from Saint Paul, Minnesota, to Seattle, Washingtonmore than 1,700 miles (2,736 km)was the creation of the 19th century railroad tycoon James J. Hill and was developed from the Saint Paul and Pacific Railroad. The Great Northern's route was the northernmost transcontinental railroad route in the United States. It was completed on January 6, 1893, at Scenic, Washington.
http://en.wikipedia.org/wiki/Great_Northern_Railway_(U.S.)
a. At completion it was so profitable, it allowed Hill to take over the rival Northern Pacific.
b.
"He had the satisfaction of being able to watch all the other transcontinentals to collapse into bankruptcy during the financial panic of 1893, while his railroad continued to flourish."
Wolmar, "The Great Railroad Revolution," p.178.
Shall I await your correction?