With the American railroad industry during the 19th century, the model was: give away service more or less for free at any location where there's another railway competing with you, while extorting the everloving shit out of places where you already monopolized
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Eventually a lot of railways drove themselves bankrupt trying to keep this game going, the survivors snapped them up, and decided that they had had enough competition and were ready to start colluding instead
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Needless to say, the results were hellish for most passengers and would-be passengers, *especially* in rural places where only one railway company provided service. A major factor in the early and eager adoption of cars here in America.
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