A Classification of American Wealth
History and genealogy of the wealthy families of America - Sponsors


 Part 1 : Colonial and Mercantile America  Part 2 : America in the Gilded Age
 Part 3 : America in the Twentieth Century  Encyclopedia of American Wealth

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   Part II-Chapter 12 :  Utility Tycoons  > Philadelphia Rapid Transit  :  Previous  1 - 2 - 3 - 4 - 5 - 6   Next  

   Union Traction and the Philadelphia Rapid Transit system

Page entitled : Beginning of street railways in America

Content of this page is about :

How the first street railways appeared in American cities, expanded during the  1860s and 1870s and came in need of large scale capital to finance technological progress.

Extract :
first horse drawn street railway in America was inaugurated 1833 in New York City, when the first portion of a line on 4th Avenue between Prince Street and Murray Hill was put in service. A nuisance because of its deep slotted rails which damaged other vehicles, the line was no financial success either and it took three years until another attempt was made, this time in Boston.  ...

 

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