The Union Pacific Railroad is renowned as America’s first transcontinental railroad and is one of the strongest companies in the railroad industry today. The laying of the golden spike in Promontory, Utah, in 1869 marked not only the opening of the continent to settlement but also the transformation of the United States from an agricultural nation to an industrial one.Maury Klein, America’s foremost railroad historian, re-creates the powerful personalities and dramatic events that led to the construction of this legendary railroad. Fully illustrated with over one hundred historic photographs and maps, Union Pacific details the feat of engineering and human strength that conquered the terrain of the desert and mountains and also the colorful wheelings and dealings that were waged in executive boardrooms in New York and Boston and in the chambers of Congress as dreamers and scoundrels, politicians and patriots forged a pioneering enterprise in transportation. Maury Klein is professor of history at the University of Rhode Island. He is the author of several books, including the Pulitzer Prize finalist The Life and Legend of Jay Gould.
Maury Klein is renowned as one of the finest historians of American business and economy. He is the author of many books, including The Power Makers: Steam, Electricity, and the Men Who Invented Modern America; and Rainbow's End: The Crash of 1929. He is Professor Emeritus of History at the University of Rhode Island. He lives in Saunderstown, Rhode Island.
An interesting volume on the first 30 years of the Union Pacific taking the reader from its slow inception through its receivership in 1893.
This is an exceptionally detailed book, but while the beginning has a mixture of surveying, engineering, and finance; once the Golden Spike is hammered in place this really becomes a very business focused book. Almost the entirety of the second half of the book is about stocks, bonds, loans, and the UP's struggle to keep afloat in a West that found itself surrounded by competitors.
So, if you are interested in the railroad/engineering side of things; while this is a great book, it may not be for you. Even the development of the physical road and its branches really are a sideshow relative to the finance. If, on the other hand, you are interested in business in the late nineteenth century: this is the book for you. The cast of financial characters is an impressive one including Jay Gould and JP Morgan.
I was impressed with the drama of the early years of the Union Pacific Railroad, from its conception in 1862 through its construction and completion in 1869. This book ends with the company’s financial collapse in 1893. The scandal of Crédit Mobilier, the company created to buy lands and construction materials necessary to build the UP Railroad, is covered in detail. This book, along with Volume II, is a necessity for anyone interested in Union Pacific Railroad history.
This book rides, comprehensive history of the union pacific, but it is a bit too long. The union pacific and central pacific or critical developments in the economic elevation of United States, and it is an important book in that regard.
Long read, and quite dry at times, but interesting for those who have an affinity for the early days of rail operations, the towns that sprang up as a result, and the greed and corruption that accompanied the opening of the transcontinental routes.