"...the American railroad alone took the place which the railways, the rivers, the canals, the coasting trade, and the highways combined occupied in England; it became a monopolist which, except in a few cases, never had any other competition than that of its own fellows."
"The railways knew they were desired. Not only entire counties, but entire States were longing for them, and the hamlets then scattered broadcast all over the country were yearning for transportation facilities..."
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"...which it was anticipated would cause that rapid growth and amazing development of their particular region or town the faith in which is one of the most peculiar traits in the character of every American."
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Readers of
@StrongTowns will recognize the belief pattern here as identical to that behind the "suburban ponzi scheme." Today, we expect road investments--and sometimes, transit investments--to magically supercharge our economies.Show this thread
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