…h to be successful, and those advantages all derived from free enterprise. Free States, Free Enterprise Businesses in America’s free states have always been able to create jobs and generate wealth at a world-beating pace. (Most of the Southern states did not fully join the ranks of “free” states until around 1970; but that will be the topic of a future post.) The real story of wealth creation in America is a story of entrepreneurial enterprise, an…
…musicians for a “Federal Theater Project,” which staged plays showing the New Deal as the solution to the nation’s problems.4 It hired photographers to work with the government’s journalists to document the suffering of the nation’s unemployed, and show the benefits of life in the Resettlement Administration farms and other federal projects. (The most well-known image of private sector suffering during the Oklahoma Dust Bowl was shot by a WPA-emp…
…any. In 1829 Vanderbilt went back into business for himself. He called his new company the Dispatch Line. Vanderbilt put one of his three boats into service on the Delaware River, hauling passengers between Philadelphia, PA and Trenton, New Jersey. He formed partnerships with several stagecoach companies that could transport passengers from Trenton to New Brunswick, where his other boats would pick them up for transport to various New York area de…
…control of Accessory Transit later that year his enemies quickly formed a new company and persuaded the dictator to seize all the assets of Accessory Transit on land and in Nicaraguan waters and give them to the Garrison and Morgan company. They supplemented this property with a few steamships they legitimately owned and went back into the NY-to-Frisco transportation business. Vanderbilt asked the US State Government to help him recover the stole…
…ed the purchase of wood for fuel, and arranged advertising in New York and New Jersey newspapers.” Vanderbilt also helped design each new boat Gibbons commissioned, and oversaw the construction of each craft as it was being built. That same year, 1824, the US Supreme Court ruled in favor of Gibbons and his company, ending the Fulton monopoly on steamboat routes between New York and New Jersey. Vanderbilt and Gibbons operated more efficiently than…
