Infrastructure Development Quotes



Stimson was one of the first to realize the new economic reality in America. In prior years, wealthy individuals financed most business and industrial efforts. However, the need for capital had become so great that wealthy individuals could no longer provide sufficient capital to underwrite some of the business efforts. The age of the corporation was dawning on America and Stimson was one of the first to recognize it.


Before there was a Panama Canal, there was a railroad that Americans had built earlier. Goods could be transshipped across Panama from one ocean to the other. However, the unloading and reloading of ships made the process very inefficient. A Canal would be much better. TR recognized the appalling loss of life in the construction of the railroad but we went ahead and built the canal which cost many more lives. Workers died from Malaria, other diseases, and a high rate of industrial and construction injuries.