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Samuel Insull developed the public utility model and proved it to work by extending publicly regulated utilities into 30 states prior to the advent of the New D
by tomohawk 7y ago
Samuel Insull developed the public utility model and proved it to work by extending publicly regulated utilities into 30 states prior to the advent of the New Deal.
Insull was put out of business by New York bankers who wanted to take over his business.
http://blog.heartland.org/2013/07/samuel-insull-getting-the-story-straight/ http://blog.heartland.org/2013/07/samuel-insull-getting-the-...
FDR needed enemies to blame to get his New Deal, and he had Insull hounded in the courts. Insull was found not guilty of any wrongdoing, but died penniless.
If you want to know history, you have to find better sources than wikipedia. There are plenty of books about this great man and this interesting period of history.
- dredmorbius 7y agoWikipedia isn't my source. It is, however, a reliable reference for well-established facts. Such as the identity and general background of government utilities.