“The railroads: The first modern business enterprises, 1850s–1860s”
TL;DRAbstract
Modern business enterprises came to operate the railroad and telegraph networks for both technological and organizational reasons. Railroad companies were the first transportation firms to build and to own rightsof- way and at the same time to operate the common carriers using those rights-of-way. Telegraph companies also both built the lines and ran the messages through them. The enterprises, both public and private, that constructed and maintained the canals and turnpikes rarely operated the canal boat companies, stage lines, or mail routes that used them. Even when they did, their rights-of-way were used by many other independent transportation companies.
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Modern business enterprises came to operate the railroad and telegraph networks for both technological and organizational reasons. Railroad companies were the first transportation firms to build and to own rightsof- way and at the same time to operate the common carriers using those rights-of-way. Telegraph companies also both built the lines and ran the messages through them. The enterprises, both public and private, that constructed and maintained the canals and turnpikes rarely operated the canal boat companies, stage lines, or mail routes that used them. Even when they did, their rights-of-way were used by many other independent transportation companies.
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