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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Brumar89 who wrote (759062)	12/21/2013 3:41:11 PM
From: Wharf Rat	Read Replies (3) \| Respond to of 1589916

Rural Electrification: In 1935, only 13 percent of all farms had electricity, because utility companies found it unprofitable to wire the countryside for service. Roosevelt's Rural Electrification Administration began correcting this market failure; by 1970, more than 95 percent of all farms would have electricity. Bell got a lot of help, too, as did SP and GM Telephone Infrastructure: The early telephone companies couldn't afford to wire communities for telephone service themselves, so they turned to the government for help -- and government funding wired nearly the entire nation. Funding Railroads: In the late 19th century, the government gave away 131 million acres in federal land grants, at enormous cost to itself, to railroad companies to build their railroads. Four of the five transcontinental railroads were built this way. To help them, Congress authorized loans of $16,000 to $48,000 per mile of railroad (depending on the terrain). Eisenhower's Interstate Highway Program: This massive 1950s program paved an entire continent with highways, bringing undreamed of economic change, and allowing the middle class to resettle from the cities to the suburbs. siliconinvestor.com