Railroad Reorganization

"Railroad Reorganization" by Stuart Daggett is a deep exploration into the financial storms that American railroads weathered in the late 1800s. It reveals how a huge number of railroad companies, facing massive economic problems, ended up in receivership, a type of legal protection. The account looks at the issues that road owners and investors faced as they worked with a sometimes unhelpful legal system. The stories of railroads like the Baltimore & Ohio provide real examples of what reorganization looked like, what choices were made, and what it all meant for how business was done in the railroad world and beyond and prepares the reader for a detailed look at these historic turnarounds.