Quote by William Graham Sumner

The waste of capital, in proportion to the total capital, in this country between 1800 and 1850, in the attempts which were made to establish means of communication and transportation, was enormous.

The waste of capital, in proportion to the total capital, in

Summary

This quote highlights the significant amount of capital that was wasted in the United States during the period between 1800 and 1850 on unsuccessful attempts to establish efficient communication and transportation systems. The quote suggests that this waste was substantial in relation to the overall capital available during that time. It sheds light on the challenges and financial setbacks that were encountered in the development of such infrastructure during this period.

Topics

Communication

By William Graham Sumner

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