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Maury Klein

Union Pacific Hardcover – September 16, 1987

by Maury Klein (Author)

3.5 14 ratings

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Traces the first thirty years of the Union Pacific Railroad, one of the oldest still in operation in the U.S

Print length

685 pages
Language

English
Publisher

Doubleday
Publication date

September 16, 1987
ISBN-10

0385177283
ISBN-13

978-0385177283
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Editorial Reviews

From Library Journal

This purports to be the definitive history of the first three decades of a major western railroad, Union Pacific, which in its time was also one of the nation's biggest business enterprises. Using the company's archives and other original records enables Klein to tell the story from the inside. His central thesis is that lack of strong leadership and internal bickering weakened the railroad's financial, organizational, and political capabilities to operate profitably, ultimately forcing Union Pacific into receivership in 1893. Railroad buffs will, no doubt, savor every morsel, but general readers will probably be surfeited long before the end of this very rich feast of information and commentary. Recommended for subject collections. Harry Frumerman, formerly with Economics Dept., Hunter Coll., CUNY
Copyright 1987 Reed Business Information, Inc.

Product details

Publisher ‏ : ‎ Doubleday; First Edition (September 16, 1987)
Language ‏ : ‎ English
Hardcover ‏ : ‎ 685 pages
ISBN-10 ‏ : ‎ 0385177283
ISBN-13 ‏ : ‎ 978-0385177283
Item Weight ‏ : ‎ 1.1 pounds

Best Sellers Rank: #1,618,081 in Books (See Top 100 in Books)
- #568 in History of Railroads

Customer Reviews:
3.5 14 ratings

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3.5 out of 5

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roger l.

bored to tears

Reviewed in the United States on August 3, 2016

Verified Purchase

informative,alot of information, but hard to read. loaded with financial info, but short on the construction side. useful to a economics major studying the financing of the western railroads.

Reviewed in the United States on January 30, 2013

Verified Purchase

An excellent work. Well-written and well-researched. I'm impressed that UP allowed Klein unlimited access to their records and did not ask to censor anything.

One person found this helpful

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robert moty

Two Stars

Reviewed in the United States on February 12, 2015

not what i expected

Reviewed in the United States on May 13, 2018

Verified Purchase

Just what Dennis wanted!

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Donald Costello

How to build, operate, and finance a railroad.

Reviewed in the United States on April 5, 2004

In his two volume work on the UP, Klein devotes the first volume to the building of the railroad and the second volume to the operations and expansion - basically the next hundred years. There are a number of good books out there about the building of the UP. Klein is much better than any of the others that I have read in describing the finances of the railroad and particularly the ambiguities of the financial structure. Credit Mobilier was certainly not a straightforward vehicle for looting profits from an ongoing corporation a la Kozlowski or Ken Lay. These people took enormous risks; many of them ended up losing all their money. None of the people on the UP side (as opposed to the Central Pacific side) ended up making enormous fortunes.
Whereas Vol. 1 covers familiar territory well, Vol. 2 explores totally new ground. Operating the railroad for the first 25 years after it was "completed" (it actually didn't stop adding track until well into the 20th Century; not until the 1990s if you count mergers) was at least as difficult and impressive as was building the initial road. The difficulties of making this a profitable enterprise despite legal problems and government interference were enormous. These issues and the personalities of the leaders of the road are explained superbly. I wish there were more books like this about corporate growth and operation.

8 people found this helpful

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Marc Mandel

Klein's Union Pacific Volume 1

Reviewed in the United States on December 23, 1999

I found Klein's fantastic first volume on the history of the Union Pacific in the library of a neighboring town. Klein's history covers both the difficulties encountered in building the railroad and the financial/political scheming that went on back east in New York and Washington. After reading Klein's book, particularly with respect to the fraud and politicing, that one fully understands why railroads were feared and government regulation instituted. I strongly recommend this book to anyone interested in the building of the Transcontinental Railroad and/or early US railroad history. (PS: I also found Volume II to be an excellent continuation of Klein's work.)

5 people found this helpful

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dherkes@luc.edu

History of UP 1862 1894

Reviewed in the United States on August 30, 1999

Professor Klein deals with the turbulent early years with a grace and style not often seen in business history. I had the unique experiance of reading these books in the reverse order, ten years apart, but nothing was lacking in Volume One. Particularly sensitive treatment of the Gould years, and a very cohesive and in depth analysis of the Credit Mobilier fiasco. Klein writes very well; a strong point when dealing with high finance. Great book.

4 people found this helpful

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John Lory

Die legendäre Union Pacific lebt

Reviewed in Germany on October 24, 2016

Verified Purchase

Standardwerk des US-Historikers (*1939, seit 2008 im Ruhestand) über die einzige noch unter dem Ursprungsnamen fahrende US-Eisenbahngesellschaft, inzwischen auf 3 voluminöse (je über 600 S.) Bände angewachsen. Bd. I behandelt die Jahre 1862-93 in 3 Kapiteln namens Challenge, Quest for Respectability und Road to Hell (d.i. Bankrott 1893). Bd. II behandelt die Jahre 1894-1969 in 3 Kapiteln namens Transformation, Great Adjustment und und New Railroad. Der abschliessende Band III erschien 2011.

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