I can't find a link but the Transcontinental Railway had much to do with the foundation of modern corporate law.
For give me, my memory is a bit hazy as to history..........
America was expanding faster than ships could bring new citizens from Europe, the expanse of new land, the gold rush, the opportunities were hope for a population after the Civil War.
The idea of 'Corporation' was extended to private ownership.
That is;
A Corporation was a collective of people in a modest rural/urban government.......
the concept was extended to include a financially motivated entity.
It allowed responsibility to be diverted from a single entity (person) to the collective.
This was crucial to the development of our American West and offered risk aversion to the builders of the Trans-Con American Rail.
Today our corporations divert personal responsibility to shareholders.
Corporations are fined and subject to restrictions yet the people who made bucks are left in power.
“To be yourself in a world that is constantly trying to make
you something else is the greatest accomplishment.” ---Ralph
Waldo Emerson
