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Rolling Stock in Baker Exhibit
Topics: History-Business HistoryArts-GeneralEducation-Schools, Libraries, MuseumsRailroads and the Transformation of Capitalism, an exhibit in the Baker Library | Bloomberg Center, confirms there is still much to learn about railroads, whose scale and complexity spawned modern business’s management model. Recent scholarship compares the rise of railroads in Europe with those in the United States and examines how the state influenced railroads’ development on both continents. (Indeed, some researchers suggest that American railroads were sometimes inefficient, lumbering organizations whose scale was achieved thanks to massive subsidies.)
What’s widely agreed is that railroads helped shape modern capitalism. With the Pennsylvania Railroad alone employing over 110,000 workers by 1891, railroads’ sheer size required a new breed of managers who could conduct daily supervision as well as long-term planning.
The exhibit, including numerous photos and documents, may be viewed in Baker | Bloomberg until February 4, 2012, or online at http://www.library.hbs.edu/hc/railroads.
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