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Reply #15: Six railroads were nationalized in the '70s to create Conrail. [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010)

The Velveteen Ocelot

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Sat Dec-06-08 06:22 PM
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15. Six railroads were nationalized in the '70s to create Conrail.

Edited on Sat Dec-06-08 06:28 PM by ocelot

These East Coast railroads were bankrupt, but they were needed for transportation at the time, so the government nationlized them. I think they were re-privatized later. The TSA is the result of the nationlization of private airport security firms.

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