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If I'm reading your comments correctly, you're claiming that if there had been capital available, there would have been some entrepreneur who would have electri
by hardwaregeek 5y ago
If I'm reading your comments correctly, you're claiming that if there had been capital available, there would have been some entrepreneur who would have electrified rural areas on their own. However, there was no capital due to the Great Depression.
The issue with that argument is that rural electrification was a problem before the Great Depression. It was an issue back in the 20's, the period in which you claim that credit was quite cheap. So why didn't entrepreneurs go out and electrify rural areas? Probably because of the prevailing notion that farmers wouldn't pay for electricity.