Quotation by

William Graham Sumner

The waste of capital, in proportion to the total capital, in this country between 1800 and 1850, in the attempts which were made to establish means of communication and transportation, was enormous.

Communication

Understanding this quote AI Analysis

Between 1800 and 1850, a very large amount of money was spent inefficiently on projects aimed at improving communication and transportation in the country. This spending was a significant part of the total capital available during that time.

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