Posts Tagged ‘Erie Railway’

  • the Congress...16856_3.16_000012166514XSmall

    Government’s Venture Capital

    Jan 9, 12 • 113 Views • Businesses, Demand, Supply, and Markets, Economic Debates, Economic History, Innovation, Macroeconomic Measurement, Thinking EconomicallyNo Comments

    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...