Cover image for Slow train to paradise : how Dutch investment helped build American railroads
Title:
Slow train to paradise : how Dutch investment helped build American railroads
Author:
Veenendaal, Augustus J., Jr. (Augustus Johannes), 1940-
Publication Information:
Stanford, Calif. : Stanford University Press, [1996]

©1996
Physical Description:
xi, 350 pages : illustrations ; 26 cm
Language:
English
ISBN:
9780804725170
Format :
Book

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Library
Call Number
Material Type
Home Location
Status
Central Library HE2751 .V43 1996 Adult Non-Fiction Central Closed Stacks
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Summary

Summary

Railroad historians have long been aware of Dutch investment in the building of American railroads, but how extensive was that investment? This text reveals that, because of the frequent failure of railroad companies to meet their debt obligations, several railroads were for a time completely in Dutch control. Though Dutch capitalists initially believed they had discovered a shortcut to El Dorado by buying American railroad securities, it turned out that only long-term investment brought financial paradise within their reach. This book is a history of Dutch investment in American railroads up to World War 1, telling in detail not only why the Dutch invested in US railroads, but also in which companies and how much they invested. Introductory chapters survey the Dutch capital market from the late-18th century until World War 1, and appendices provide information on individual Dutch brokers and their financial activities.


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