Quote

People began to understand that with the acquisition of California the nation had obtained practically half a continent, of which the future possibilities were almost unlimited, so far as the development of natural resources and the genera production of wealth were concerned.

John Moody

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John Moody
Age: 89 †
Born: 1868
Born: May 2
Died: 1958
Died: February 16
Businessman
Entrepreneur
Jersey City
New Jersey
Half
Concerned
Continents
Future
Possibility
Unlimited
Natural
Development
Possibilities
Understand
Nation
Production
Genera
People
Wealth
Productions
Obtained
Economy
California
Continent
Almost
Began
Acquisition
Nations
Resources
Practically

More quotes by John Moody

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Yet, in 1850 nearly all the railroads in the United States lay east of the Mississippi River, and all of them, even when they were physically mere extensions of one another, were separately owned and separately managed.
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Consequently many large railroad systems of heavy capitalization bid fair to run into difficulties on the first serious falling off in general business
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While no one railroad can completely duplicate another line, two or more may compete at particular points
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With the reorganization of 1898 finished, the Baltimore and Ohio Railroad entered a new period in its history.
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The history of the Erie Railroad ever since 1901 has been a record of progress
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The railroad originally was as completely dissociated from steam propulsion as was the ship
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The close relationship between railroad expansion and the genera development and prosperity of the country is nowhere brought more distinctly into relief than in connection with the construction of the Pacific railroads.
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Many of the railroad evils were inherent in the situation they were explained by the fact that both managers and public were dealing with a new agency whose laws they did not completely understand
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The financial history of the Baltimore and Ohio since the close of the nineteenth century is interesting chiefly in connection with changes in the control of the property
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Horses and mules, and even sail cars, made more rapid progress than did the earliest locomotive.
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The construction of extensive railways, however, and particularly the consolidation of small, experimental lines into large systems, dates from the days of the discovery of gold in California
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As the contest proceeded, public interest increased and the entire country watched to see which company would win the big government subsidies through the mountains.
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In the United States three new methods of transportation made their appearance at almost the same time - the steamboat, the canal boat, and the rail car
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