1870's railroads.. a creation of cargo transportation, a lot of kerosense for home and business lighting, until Rockefeller invented pipelines

Then the railroads that had been a boom industry, collapsed in 1873

360 railroads were making great profit, right up to the oil pipelines getting put in from the oil fields in the eastern state to Cleveland, and then the crash took and put 1/3rd out of business. The stock market panic was so bad they shut down the stock exchange for 10 days. 


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