In 1901, the Northern Pacific was an unlikely prize: a twice-bankrupt construction of the federal government, it was a two-bit railroad (literally—five years back, its stock traded for twenty-five cents a share). But it was also a key to connecting eastern markets through Chicago to the rising West. Two titans of American railroads set their sights on it: James J. Hill, head of the Great Northern and largest individual shareholder of the Northern Pacific, and Edward Harriman, head of the Union Pacific and the Southern Pacific. The subsequent contest was unprecedented in the history of American enterprise, pitting not only Hill against Harriman but also Big Oil against Big Steel and J. P. Morgan against the Rockefellers, with a supporting cast of enough wealthy investors to fill the ballroom of the Waldorf Astoria.
The story, told here in full for the first time, transports us to the New York Stock Exchange during the unfolding of the earliest modern-day stock market panic. Harriman vs. Hill re-creates the drama of four tumultuous days in May 1901, when the common stock of the Northern Pacific rocketed from one hundred ten dollars a share to one thousand in a mere seventeen hours of trading—the result of an inadvertent “corner” caused by the opposing forces. Panic followed and then, in short order, a calamity for the “shorts,” a compromise, the near-collapse of Wall Street brokerages and banks, the most precipitous decline ever in American stock values, and the fastest recovery. Larry Haeg brings to life the ensuing stalemate and truce, which led to the forming of a holding company, briefly the biggest railroad combine in American history, and the U.S. Supreme Court ruling against the deal, launching the reputation of Justice Oliver Wendell Holmes as the “great dissenter” and President Theodore Roosevelt as the “trust buster.”
The forces of competition and combination, unfettered growth, government regulation, and corporate ambition—all the elements of American business at its best and worst—come into play in the account of this epic battle, whose effects echo through our economy to this day.
Hero of the Angry Sky draws on the unpublished diaries, correspondence, informal memoir, and other personal documents of the U.S. Navy’s only flying “ace” of World War I to tell his unique story. David S. Ingalls was a prolific writer, and virtually all of his World War I aviation career is covered, from the teenager’s early, informal training in Palm Beach, Florida, to his exhilarating and terrifying missions over the Western Front. This edited collection of Ingalls’s writing details the career of the U.S. Navy’s most successful combat flyer from that conflict.
While Ingalls’s wartime experiences are compelling at a personal level, they also illuminate the larger, but still relatively unexplored, realm of early U.S. naval aviation. Ingalls’s engaging correspondence offers a rare personal view of the evolution of naval aviation during the war, both at home and abroad. There are no published biographies of navy combat flyers from this period, and just a handful of diaries and letters in print, the last appearing more than twenty years ago. Ingalls’s extensive letters and diaries add significantly to historians’ store of available material.
The first international history of railroads and railroad infrastructure told through stunningly reproduced maps.
Since their origins in eighteenth-century England, railroads have spread across the globe, changing everything in their path, from where and how people grew and made things to where and how they lived and moved. Railroads rewrote not only world geography but also the history of maps and mapping. Today, the needs of train companies and their users continue to shape the maps we consume and consult.
Featuring full-color maps primarily from the British Library's distinguished collection—many of them never before published—A History of the Railroad in 100 Maps is the first international history of railroads and railroad infrastructure told through maps. Jeremy Black includes examples from six continents, spanning a variety of uses from railroad planning and operations to guides for passengers, shippers, and tourists.
Arranged chronologically, the maps are accompanied by explanatory text that sheds light on the political, military, and urban development histories associated with the spread of railroads. A final chapter considers railroad maps from games, books, and other cultural artifacts. For anyone interested in the history of railroads or maps, A History of the Railroad in 100 Maps will offer new and unexpected insights into their intertwined global history.
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