The Wreck of the Penn Central

The Wreck of the Penn Central
Author :
Publisher : Beard Books
Total Pages : 384
Release :
ISBN-10 : 1893122085
ISBN-13 : 9781893122086
Rating : 4/5 (85 Downloads)

Book Synopsis The Wreck of the Penn Central by : Joseph R. Daughen

Download or read book The Wreck of the Penn Central written by Joseph R. Daughen and published by Beard Books. This book was released on 1999 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: It took ten years of laborious planning and exhaustive negotiations to create the mammoth Penn Central Railroad, the largest railroad in United States history. When the leviathan was finally born of a merger between the Pennsylvania and New York Central Railroads on February 1, 1968, the event was hailed as a great day for railroading. But the baby giant survived only 367 days. The crash of the Penn Central set a new record, this time for the largest bankruptcy the United States had ever seen. "The Wreck of the Penn Central" provides a close-up view of the events that brought the Big Train to bankruptcy court--over-regulation, subsidized competition, big labor featherbedding, greed, corporate back-stabbing, stunning incompetence, and, yes, even a little sex.


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The Penn Central existed only from the New York Central-Pennsylvania merger in 1968, until the formation of Conrail in 1976. This book fills an information void