Expansion of Trade Quotes
There was great debate over the value and practicality of railroads. Paine demonstrated a vision which few people of his era had.
While all the benefits of building the Trans-Continental Railroad that were claimed for the public during the Congressional debate turned out to be untrue, many of them were sincerely believed by the Congressmembers and special interests who advocated them. Not only were the benefits claimed unreal in practice, but none of the negative consequences were anticipated. (The destruction of the great Buffalo herd, and the huge foreign immigration were just two.) At the same time, the true benefits were also unanticipated. (The development of the telegraph system of the nation and the standardization of time zones in the country are two of these.) It is a profound historical example of unanticipated consequences, both good and bad, of government policy and programs.
We emerged from the depression and went on to grow stronger than ever. However, we did not learn how to prevent future depressions and recessions.