Probably better to not ask too many questions.
well companies and industry are a good thing though right?
Yeah, the concept of incorporation for one-off projects was a useful innovation for large public works that required complex financing and the hedging of risk.
The Suez Canal
constructed between 1859 – 1869 was the largest stock-financed ventured at that time and reduced trade routes by over 3700 miles.
hurray for capitalism!
Buuuut…it was performed with the forced labor of 30,000 fellow human beings.
more tendies!
The Panama Canal
on our side of the Atlantic, was another large work that couldn’t have been accomplished without complex financing.
This time the project was underwritten by the nation state of yours truly.
god?
I don’t- that term has never been used…Built from 1904-1914, this canal saved us 4,000 miles each way this time.
cautious celebratory yay capitalism?…
Well, the French only gave up 20 years prior because after starting with 40,000
over half their labor died