The Chicago and North Western railroad was established in 1859 and proceeded to dominate the midwestern United States. Through a process of aggressive expansion, they managed to leverage their own dominance on the region even in the face of many different competitors. Over time, they continued on even through multiple industry downturns and eventually, the owners wished to leave railroading altogether. But instead of closing the lines or selling it to a rival, they did something quite rare among companies in order to benefit their loyal and hardworking employees.
0:00 - Intro
1:04 - The Backstory
6:38 - Expansion Into Success
10:52 - Depression Into a Stubborn Struggle
22:32 - Employee Owned
25:23 - End of the Line
"The Chicago and North Western (reporting mark CNW) was a Class I railroad in the Midwestern United States. It was also known as the "North Western". The railroad operated more than 5,000 miles (8,000 km) of track at the turn of the 20th century, and over 12,000 miles (19,000 km) of track in seven states before retrenchment in the late 1970s. Until 1972, when the employees purchased the company, it was named the Chicago and North Western Railway (or Chicago and North Western Railway Company)."
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https://en.wikipedia.org/wiki/Chicago_and_North_Western_Transportation_Company
https://www.american-rails.com/cnw.html
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