"Do not think of the Pennsylvania Railroad as a business enterprise," "Forbes" magazine informed its readers in May 1936. "Think of it as a nation." At the end of the nineteenth century, the Pennsylvania Railroad was the largest privately owned business corporation in the world. In 1914, the PRR employed more than two hundred thousand people more than double the number of soldiers in the United States Army. As the self-proclaimed "Standard Railroad of the World," this colossal corporate body underwrote American industrial expansion and shaped the economic, political, and social environment...
"Do not think of the Pennsylvania Railroad as a business enterprise," "Forbes" magazine informed its readers in May 1936. "Think of it as a nation....