How Corruption Destroyed America’s Greatest Locomotive Company скачать в хорошем качестве

How Corruption Destroyed America’s Greatest Locomotive Company

This video uncovers how Baldwin Locomotive Works, once the most powerful and respected locomotive builder in America, collapsed under corruption, incompetence, and disastrous leadership decisions. For more than a century, Baldwin shaped the entire North American rail network with its steam locomotives, earning global prestige and absolute dominance. But when the diesel transition began, the company’s leadership clung to outdated assumptions and refused to adapt, setting the stage for a downfall that would shake the industry. As the script reveals, Baldwin didn’t just misjudge the market; it actively hid the truth. Executives inflated production numbers, manipulated financial reports, and made performance claims that didn’t match reality. Engineers warned that designs weren’t ready, railroads complained about reliability issues, and the factory floor struggled under impossible deadlines. Instead of facing the diesel era head-on like EMD and ALCO, Baldwin buried problems, pushed untested locomotives into service, and relied on short-term contracts to hide shrinking demand. The final collapse came slowly but inevitably. Mounting losses, unpaid invoices, unreliable diesel models, and a chaotic merger with Lima-Hamilton destroyed what stability the company had left. Railroads stopped buying, creditors stopped lending, and Baldwin’s once-mighty empire dissolved into a shadow of its former self. This video tells the full story of how corruption at the top—not competition alone—brought down America’s greatest locomotive company. --------- We do not fully own the material compiled in this video. It belongs to individuals or organizations that deserve respect and consideration. This video was created under the Fair Use Law Section 107 of the U.S. Copyright Act of 1976. "Fair use" is allowed for purposes such as criticism, comment, news reporting, teaching, and research. It is transformative in nature, uses no more of the original than necessary, and has no negative effect on the market for the original work. #vintageamericanmachines #vintageengines