A note from Daniel

This changed during the railway boom of the 1830s and the period of industrialization that followed. Railroads and other heavy industries required significant up-front capital—more than could be provided by small groups, even when the groups were very wealthy. New and broadened sources of capital were needed to fund a transformation of the world economy.

Daniel Read Write Own, page 180 · March 22, 2024 Save to shelf
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