Welcome to Episode 9 of the Preferred Shares Podcast.
Lawrence Hamtil, of Fortune Financial Advisors, and Douglas Ott, of Andvari Associates, were the primary researchers for this episode.
In this episode
The Federal Aid Road Act of 1916
Route 66
Strong road advocate Cyrus Avery
Dwight D. Eisenhower
Influences of the Trans-Continental Motor Truck Trip and German Autobahn
The Federal Aid Highway Act of 1956
Quantifying the enormity of resources needed to build the interstate system
Opposition to the interstate program - scandals, corruption, inefficiency, displacement, and the continually contentious topic of billboards
Looking back on the total economic benefits from the roads programs
Episode resources
How The Interstate Highway System Changed American Industry, Lawrence Hamtil, 3/7/2024
The Highway Capital Problem, USDT, Federal Highway Administration, Office of Program and Policy Planning, 1975
Benefits of Interstate Highways, United States Federal Highway Administration, 1970
The Golden Age of American Railroading, Iowa University Libraries, June-Aug 1989
America on the Move, Eyewitness, 11/3/1919, page 4
The Greatest Decade 1956-1966, pt 2, USDT FHA, updated 6/27/2017
1919 Transcontinental Motor Convoy, Eisenhower Library, 1919
1920s speech by Cyrus Avery entitled “How to Create a Farm Land Market Through the Construction of Paved State Highways and Improved and Maintained County Highways”
Essays on the Effects of Highway Spending, Daniel Leff Yaffe, 2020
All Those Numbers: Logistics, Territory and Walmart, Jesse Lecavalier, May 2010
Highways and Globalization, Taylor Jaworski, Carl Kitchens & Sergey Nigai, May 2023
4-Part series on Interstate Highway Program - 1961
"Will Congress resolve money troubles on the interstate system?", Rock Products 1961-04: Vol 64 Iss 4.
"Road Program Roulette…", Rock Products 1961-05: Vol 64 Iss 5.
"How Serious are the Highway Scandals?", Rock Products 1961-06: Vol 64 Iss 6.
"Where Does the Interstate Highway Program Stand Today?", Rock Products 1961-07: Vol 64 Iss 7.
Additional reading
Curious to see what else we’ve been working on? Below are some pieces we’ve written independently that we think you’d like:
Andvari Q1 2024 Letter: Kelly Partners, CoStar, and Rates, Douglas Ott, 4/4/2024
Haypp Group: Ahead of the Nicotine Pouch Megatrend, Devin LaSarre, 2/25/2024
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Disclaimer
All opinions expressed by Preferred Shares hosts and guests are solely their own opinions and do not reflect the opinions of their respective employers. This podcast is for informational and entertainment purposes only and should not be relied upon as a basis for investment decisions. None of the information contained in the podcast or this web site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person.
Clients of Andvari and Fortune Financial may maintain positions in the securities discussed in this podcast. Furthermore, from time to time, the Hosts may hold positions or other interests in securities mentioned in the Podcast and may trade for their own accounts based on the information presented. The Hosts may also take positions inconsistent with the views expressed in its messages on the Podcast.
Connecting a Continent: The Rise of the United States Interstate Highway System