26 Dez 1917 Jahr - Government Takes Possession of Railroads

Beschreibung:

Public Ownership of Railroads, Telephone, and Telegraph (Transportation): The U.S. entry into the war in April 1917 coincided with a downturn in the fortunes of the nation’s railroads: rising taxes and operations costs, combined with prices that were fixed by law, had pushed many railroad companies into receivership as early as late 1915. On December 26, 1917, President Wilson took possession of the railroads by proclamation, under the authority of a provision in the Army appropriation act of 1916.

Zugefügt zum Band der Zeit:

Datum: