Thesis: Railroads were the First Corporations in the US

The first corporations in U.S. were railroads and this was a success because the railroad companies with the responsibility of maintaining and constructing the railroads were also given the responsibility of operating all the equipments involved. Since a number of managerial staff made the decisions, they were the best and this made the corporations succeed.

Although it was not possible for one corporation to own the whole rail track, the tracks they owned increased on daily basis and this ensured increased profitability.

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