Railroad History 217: Penn Central Reconsidered
"The railroad's short life and unexpected collapse
forced the federal government to take fresh look at railroad
regulation. That process began with extending emergency financial
support to the Penn Central dramatically expanded with the creation of
the federally funded Consolidated Rail Corporation (Conrail) and
culminated on October 14, 1980 when President Jimmy Carter signed the
Staggers Act which opened the door to a rebirth of the railroad
industry," Robert Holzweiss writes. This and other articles are in Railroad History 217, a benefit of membership.
The Railway & Locomotive Historical Society, Inc., founded in 1921, is the oldest railroad history organization in North America, and among the first anywhere to pursue formal studies in the history of technology. The Society promotes research and encourages preservation of documentation and photography of business history, finance, labor history, biography, and technology. The 2018 members meeting is May 31-June 3 in St. Louis.
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