Jan 9, 12 •
190 Views •
Businesses, Demand, Supply, and Markets, Economic Debates, Economic History, Innovation, Macroeconomic Measurement, Thinking Economically •
Elaine Schwartz •
The Erie Railway went bankrupt multiple times. Primarily government funded, it originally connected 2 small NY communities and cost 4 times more than initial projections when it was completed in 1851. Citing the financial woes of the Erie Railway, a
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