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Remembering the Century of State Run Deals and Their Ruins
A columnist recalls early American experiments in state ownership of railroads banks and canals. He notes widespread defaults and debt repudiations, citing Pennsylvania Indiana Illinois Michigan and North Carolina, and highlights the Erie Canal as a rare success that reshaped regional power and commerce.
MENTIONED IN THIS ARTICLE
Union
New Jersey
New England
South
Middle West
Grea Commonwealths
Pennsylvania
Indiana
Ilinois
Illinofis
Michigan
Niles Weekly Register
The
Republic
North Carolina
Alabama
Mississippi
Illinois
General Assembly
Assembly
New York
Ohio
Seneca Lake
New York State
West Troy
Boston
Philadelphia
Baltimore
David Harum
Newport
Atlantic Seaboard
Ohio River
New Orleans
West
Law and Calomel
England
Chester Canal
America
Beck
Europe