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Many lines had started out as government-assisted works or as joint ventures between local governments and private investors. First they had to convince skeptical legislators and investors of the practicability of railroads; then they had to manage the explosive growth after the idea caught on. Investors who use Webull can invest in stocks, including fractional shares, ETFs, options and cryptocurrency. The ranks of railroad mechanical departments were filled with men who had learned their crafts in British mills and factories and then emigrated to North America to find a better life. Then smaller cities and towns clamored for a railroad link that would join them to emerging trunk routes, and before long, population centers of all sizes at least dreamed of having some kind of railroad connection. Finished in 1830, the railroad served as a portage route between the two rivers and saved 40 miles of slow canal travel. Just 10 years later, the number of railroad and canal miles were almost identical-a little over 3,300 for each-but few people were promoting canals in 1840. Instead, despite the financial panic of 1837 and a general lull in business, tens of thousands of miles of railroad were under construction in all settled parts of the country.
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