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by Otto Hermann Kahn (Author)
Government Ownership of Railroads, and War Taxation is a book written by Otto Hermann Kahn in 1918. The book is a critical analysis of the United States government's decision to take control of the country's railroads during World War I. Kahn, who was a prominent investment banker and philanthropist, argues that government ownership of the railroads is inefficient and will ultimately harm the economy.The book begins with an overview of the history of railroads in the United States and the role they played in the country's development. Kahn then delves into the government's decision to take over the railroads during the war, arguing that it was a mistake that would have negative consequences for years to come.Kahn goes on to discuss the problems with government ownership of the railroads, including bureaucratic inefficiencies, lack of innovation, and the potential for political interference. He also argues that the government's decision to impose a war tax on the railroads was unfair and would further harm the economy.Throughout the book, Kahn presents a compelling argument against government ownership of the railroads and offers alternative solutions to the problems facing the industry. The book is well-researched and provides a valuable historical perspective on a controversial issue. It is a must-read for anyone interested in the history of railroads in the United States and the role of government in the economy.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.
