The Wreck of the Penn Central

Download or Read eBook The Wreck of the Penn Central PDF written by Joseph R. Daughen and published by Beard Books. This book was released on 1999 with total page 384 pages. Available in PDF, EPUB and Kindle.
The Wreck of the Penn Central
Author :
Publisher : Beard Books
Total Pages : 384
Release :
ISBN-10 : 1893122085
ISBN-13 : 9781893122086
Rating : 4/5 (85 Downloads)

Book Synopsis The Wreck of the Penn Central by : Joseph R. Daughen

Book excerpt: 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.


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