Washington, D.C. – May 29, 1930 – The nation’s capital is on the cusp of a transit crisis, one that threatens to unravel the very fabric of its transportation system. For decades, the city’s two street railway companies, beset by the rise of private automobiles and the proliferation of 35-cent flat rate taxis, have been struggling to stay afloat. In February, March, and April of this year, passenger numbers plummeted, leaving the companies with inadequate financial returns.
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Key Facts
- State: National
- Category: Fraud & Financial Crimes
- Era: Historical
- Source: Library of Congress — Chronicling America ↗
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