Of the 4 railroads that were built at the time, the 3 that were "built by government": Union Pacific, Central Pacific and the Northern Pacific, all went bankrupt.
The only railroad which was able to stay profitable and stay in business was the privately built Great Northern Railway by James Hill.
So how would this work in practicality?
So does the private firm approach the state, offer to buy land and build the road which will generate money via tolls?
Do they approach the state with their bid, which is essentially what happens now with government involvement.
Would they compete via other private roads built along the same route or existing government roads?
I'm asking sincerely because I want to be able to respond in an "intelligent" manner to these "muh roads" jagoffs.
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