Locator: 50624BOOKS.
Updates
April 26, 2026: what's the story of Ilhan Omar's husband and a $30-million winery?
Later, 7:48 p.m. CT: saw this just minutes after the original post. Strange, huh? Link here. True? I have no idea. I'll ask ChatGPT tomorrow, if I remember, but it doesn't surprise me. Accounting error? LOL.
Original Post
Earlier this evening.
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Hoover History: The Book Page
Palo Alto: A History of California, Capitalism, and The World, Malcolm Harris, c. 2023. Notes are posted here.
Never stop reading.
Today, chapter 2.3 Hooverville. For those who doubt the fourth industrial revolution (actually the sixth industrial revolution), I highly recommend they read this chapter. Hoover ran the American economy from 1921 to 1932
First a reference to the Sacramento Associates in the 1860s.
The "Big Four" Sacramento associates who founded the Central Pacific Railroad and built the western portion of the first transcontinental railroad were Leland Stanford, Collis P. Huntington, Charles Crocker, and Mark Hopkins.
These businessmen, along with engineer Theodore Judah, incorporated the company on June 28, 1861, securing financing for the monumental project.
The Big Four Roles
- Leland Stanford: Served as the president of the Central Pacific Railroad and was elected governor of California in 1861, providing crucial political support.
- Collis P. Huntington: Acted as the vice president and was responsible for managing financing, lobbying in Washington D.C., and procuring materials.
- Charles Crocker: Managed the construction of the railroad, serving as the head of construction (Charles Crocker & Co.) and directing the labor force through the Sierra Nevada.
- Mark Hopkins: Acted as the treasurer, managing the company's finances and administrative duties with a reputation for caution and thrift.
These associates formed the company that began construction in Sacramento in 1863 and joined the Union Pacific at Promontory Summit, Utah, on May 10, 1869.
Now screenshots of two important pages of the chapter:
