The American railroad network during the early 19th century: private versus public enterprise.

At the founding, the United States were a hunch of experiments in self-government (note the use of the plural). Each state was real much free to determine its hold destiny. Many states directed economic disclosure through state enterprises, loan guarantees, and direct subsidies, for the most part in banks and in canals and other transportation throw outs Almost all of these interventions prov to be failures. These failures forced state conducts to raise taxes and put up to sale off their money-losing ventures. In more [i]or[/i] less cases, states were forced into default. Many states then amended their state constitutions to prohibit state enterprises and loan guarantees, and to