History
See also: History of rail transport in the United StatesAmtrak's origins are traceable to the sustained decline of private passenger rail services in the United States from about 1920 to 1970. In 1970, in response to the decline, Congress and President Richard Nixon created Amtrak, which was to begin operations on May 1, 1971. The Nixon administration secretly agreed with some railroads that Amtrak would be shut down after two years. After Fortune magazine exposed the manufactured mismanagement in 1974, Louis W. Menk, chairman of the Burlington Northern Railroad, remarked that the story was undermining the scheme to dismantle Amtrak.
Read more about this topic: Amtrak
Famous quotes containing the word history:
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