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124-580: The Pine Creek Rail Trail is the only rail trail in the Appalachian Mountains of north-central Pennsylvania . The trail begins just north of Wellsboro , runs south through Pine Creek Gorge (also known as the Grand Canyon of Pennsylvania) and ends at Jersey Shore . A article in USA Today from 2001 named the 65-mile-long (105 km) trail as one of the "10 great places to take a bike tour" in

248-626: A deflationary spiral started in 1931. Farmers faced a worse outlook; declining crop prices and a Great Plains drought crippled their economic outlook. At its peak, the Great Depression saw nearly 10% of all Great Plains farms change hands despite federal assistance. At first, the decline in the U.S. economy was the factor that triggered economic downturns in most other countries due to a decline in trade, capital movement, and global business confidence. Then, internal weaknesses or strengths in each country made conditions worse or better. For example,

372-418: A silver standard , almost avoided the depression entirely. The connection between leaving the gold standard as a strong predictor of that country's severity of its depression and the length of time of its recovery has been shown to be consistent for dozens of countries, including developing countries . This partly explains why the experience and length of the depression differed between regions and states around

496-609: A corridor to be " Rail Banked " or placed on hold for possible conversion back to active status when or if future need demands. While many rail trails have been built, other proposals have been cancelled by community opposition. The stature of the conversion organization, community involvement, and government willingness are key factors. On the other hand, there are a growing number of cases where existing rails and infrastructure, in service or not, are being called to be torn up for trails. Two cases of this are in New York State , against

620-588: A former privately run bank, bearing no relation to the U.S. government (not to be confused with the Federal Reserve ). Unable to pay out to all of its creditors, the bank failed. Among the 608 American banks that closed in November and December 1930, the Bank of United States accounted for a third of the total $ 550 million deposits lost and, with its closure, bank failures reached a critical mass. In an initial response to

744-459: A greater reduction in credit. On 5 April 1933, President Roosevelt signed Executive Order 6102 making the private ownership of gold certificates , coins and bullion illegal, reducing the pressure on Federal Reserve gold. British economist John Maynard Keynes argued in The General Theory of Employment, Interest and Money that lower aggregate expenditures in the economy contributed to

868-439: A historic 22-mile railroad corridor circling downtown and connecting many neighborhoods directly to each other. The Rails-to-Trails Conservancy is a nationwide nonprofit group that advocates for rail trails and has many documents and advice on building a rail trail. Per their records, the U.S. currently has 22,107 miles of rail trail complete. As of 2015 , Michigan has the most total mileage (2,381) of any state. Germany has

992-501: A linear park under the provincial park system, the T'Railway consists of the railbed of the historic Newfoundland Railway as transferred from its most recent owner, Canadian National Railway , to the provincial government after rail service was abandoned on the island of Newfoundland in 1988. The rail corridor stretches from Channel-Port aux Basques in the west to St. John's in the east with branches to Stephenville , Lewisporte , Bonavista , Placentia and Carbonear . Following

1116-596: A modern industrial city handled shortages of money and resources. Often they updated strategies their mothers used when they were growing up in poor families. Cheap foods were used, such as soups, beans and noodles. They purchased the cheapest cuts of meat—sometimes even horse meat—and recycled the Sunday roast into sandwiches and soups. They sewed and patched clothing, traded with their neighbors for outgrown items, and made do with colder homes. New furniture and appliances were postponed until better days. Many women also worked outside

1240-402: A monetary contraction first-hand were forced to join the deflationary policy since higher interest rates in countries that performed a deflationary policy led to a gold outflow in countries with lower interest rates. Under the gold standard's price–specie flow mechanism , countries that lost gold but nevertheless wanted to maintain the gold standard had to permit their money supply to decrease and

1364-512: A number of cities disused rail tracks have been converted into linear parks . One example is the High Line (also known as "High Line Park"), a 1.45-mile-long (2.33 km) elevated linear park created on an elevated section of a disused New York Central Railroad . Inspired by the 3-mile-long (4.8 km) Promenade plantée (tree-lined walkway), a similar project in Paris completed in 1993,

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1488-484: A pedestrian and bicycle trail. The development of rail trails in southeastern Australia can be traced to the gold rushes of the second half of the 19th century. Dozens of rail lines sprang up, aided by the overly enthusiastic " Octopus Act ", but soon became unprofitable as the gold ran out, leading to a decreased demand for timber in turn. Decades later, these easements found a new use as tourist drawcards, once converted to rail trails. Dozens exist in some form, like

1612-565: A rail to trail conversion. Even residents who are not encroaching on railway lands may oppose conversion on the grounds of increased traffic in the area and the possibility of a decline in personal security. Because linear corridors of land are only valuable if they are intact, special laws regulate the abandonment of a railroad corridor. In the United States, the Surface Transportation Board (STB) regulates railroads, and can allow

1736-563: A serious issue in the 1930s. Support for increasing welfare programs during the depression included a focus on women in the family. The Conseil Supérieur de la Natalité campaigned for provisions enacted in the Code de la Famille (1939) that increased state assistance to families with children and required employers to protect the jobs of fathers, even if they were immigrants. In rural and small-town areas, women expanded their operation of vegetable gardens to include as much food production as possible. In

1860-474: A small cadre of Labour, but the vast majority of Labour leaders denounced MacDonald as a traitor for leading the new government. Britain went off the gold standard , and suffered relatively less than other major countries in the Great Depression. In the 1931 British election, the Labour Party was virtually destroyed, leaving MacDonald as prime minister for a largely Conservative coalition. In most countries of

1984-684: A small subset of rail trails in which a railway right-of-way remains in use by trains yet also has a parallel recreational trail . Hundreds of kilometers of rails with trails exist in Canada, Europe, the United States, Australia, and the United Arab Emirates. Great Depression The Great Depression was a severe global economic downturn from 1929 to 1939. The period was characterized by high rates of unemployment and poverty; drastic reductions in liquidity , industrial production, and trade; and widespread bank and business failures around

2108-699: A standstill agreement froze Germany's foreign liabilities for six months. Germany received emergency funding from private banks in New York as well as the Bank of International Settlements and the Bank of England. The funding only slowed the process. Industrial failures began in Germany, a major bank closed in July and a two-day holiday for all German banks was declared. Business failures were more frequent in July, and spread to Romania and Hungary. The crisis continued to get worse in Germany, bringing political upheaval that finally led to

2232-539: A total of 1,200 km (750 mi) , a significant figure considering the size of the country. The gradient is never more than six per cent, and the tracks are open to all forms of non-motorised travellers, including cyclists, horse-riders, hikers and even roller-bladers. There is also the Vennbahn , which runs along an unusual border between Belgium and Germany. Baana is an old cargo rail track in Helsinki converted into

2356-642: Is a consensus that the Federal Reserve System should have cut short the process of monetary deflation and banking collapse, by expanding the money supply and acting as lender of last resort . If they had done this, the economic downturn would have been far less severe and much shorter. Modern mainstream economists see the reasons in Insufficient spending, the money supply reduction, and debt on margin led to falling prices and further bankruptcies ( Irving Fisher 's debt deflation). The monetarist explanation

2480-402: Is dictated by the free market value of the land, so that land in urban and industrial cores is often impractical to purchase and convert. Therefore, rail trails may end on the fringes of urban areas or near industrial areas and resume later, as discontinuous portions of the same rail line, separated by unaffordable or inappropriate land. A railroad right-of-way (easement) width varies based on

2604-493: Is supported by the contrast in how the crisis progressed in, e.g., Britain, Argentina and Brazil, all of which devalued their currencies early and returned to normal patterns of growth relatively rapidly and countries which stuck to the gold standard , such as France or Belgium. Frantic attempts by individual countries to shore up their economies through protectionist policies – such as the 1930 U.S. Smoot–Hawley Tariff Act and retaliatory tariffs in other countries – exacerbated

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2728-523: The 1932 election , Hoover was defeated by Franklin D. Roosevelt , who from 1933 pursued a series of " New Deal " policies and programs to provide relief and create jobs, including the Civilian Conservation Corps , Federal Emergency Relief Administration , Tennessee Valley Authority , and Works Progress Administration . Historians disagree on the effects of the New Deal, with some claiming that

2852-628: The Beltline Trail and the West Toronto Railpath . In central Ontario, the former Victoria Railway line, which runs 89 kilometres (55 mi) from the town of Lindsay, Ontario , north to the village of Haliburton, in Haliburton County , serves as a public recreation trail. It can be used for cross country skiing, walking, and snowmobiling in the winter months, and walking, cycling, and horse riding from spring to autumn. The majority of

2976-757: The Catskill Mountain Railroad in Kingston, New York , and the Adirondack Scenic Railroad in Old Forge, New York . In Connecticut, the not-in-service section of track on the Valley Railroad has been proposed by locals to be converted to trail. Though perceived by residents to be, as it has not carried a train since the 1960s, the railroad has never been formally abandoned. The Connecticut Department of Energy and Environmental Protection acquired

3100-873: The Middlewood Way in Cheshire and the Ebury Way in Watford . Notable rural rail trails include the Dava Way , running along the route of the former Highland Railway between Grantown and Forres in the Scottish Highlands , and the High Peak Trail in the English Peak District . In London , a more unusual scheme has been proposed to convert some disused London Underground tunnels into subterranean rail trails under

3224-710: The Milton Keynes redway system runs throughout Milton Keynes in Buckinghamshire, England, in parts using the former trackbed of the defunct Wolverton to Newport Pagnell Line (closed 1962) and the Grand Union Canal towpath. Together, these paths form part of the long-distance National Cycle Network Route 6 and Route 51 . Other urban and suburban rail trails include the Fallowfield Loop Line in Manchester ,

3348-578: The National Arts Council . The disused railway consists of the main line from the Tanjong Pagar railway station to Woodlands, extending either 24 km (15 mi) or 26 km (16 mi), depending on the source. There is also the Jurong spur line, 14 km (8.7 mi) in length. The area occupied by the railways is at least 80 ha (200 acres), and up to 173.7 ha (429 acres) when

3472-565: The New York Bank of United States – which produced panic and widespread runs on local banks, and the Federal Reserve sat idly by while banks collapsed. Friedman and Schwartz argued that, if the Fed had provided emergency lending to these key banks, or simply bought government bonds on the open market to provide liquidity and increase the quantity of money after the key banks fell, all the rest of

3596-573: The Trans Canada Trail and other walking trails are abandoned railways. A small railway line from Musquodoboit Harbour ( Musquodoboit Trailway ) to Dartmouth are nearly fully used by community members and tourists. Another extremely large section is used from Halifax to New Germany to Yarmouth to Grand Pre . A considerable part of the Trans Canada Trail are repurposed defunct rail lines donated to provincial governments by CP and CN rail rebuilt as walking trails. The main section runs along

3720-525: The coming to power of Hitler's Nazi regime in January 1933. The world financial crisis now began to overwhelm Britain; investors around the world started withdrawing their gold from London at the rate of £2.5 million per day. Credits of £25 million each from the Bank of France and the Federal Reserve Bank of New York and an issue of £15 million fiduciary note slowed, but did not reverse,

3844-468: The stock market , which resulted in growing wealth inequality . Banks were subject to minimal regulation under laissez-faire economic policies, resulting in loose lending and widespread debt. By 1929, declining spending had led to reductions in manufacturing output and rising unemployment . Share values continued to rise until the Wall Street crash, after which the slide continued for three years, which

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3968-447: The 1937 recession that interrupted it). The common view among most economists is that Roosevelt's New Deal policies either caused or accelerated the recovery, although his policies were never aggressive enough to bring the economy completely out of recession. Some economists have also called attention to the positive effects from expectations of reflation and rising nominal interest rates that Roosevelt's words and actions portended. It

4092-591: The 37-kilometre (23 mi) Port Fairy to Warrnambool Rail Trail , but only a few – such as the 95-kilometre (59 mi) Murray to the Mountains Rail Trail — have been fully developed. Progress is frequently hampered by trestle bridges in unsafe condition, easements that have been sold off to farmers, and lack of funds. Funding is typically contributed in roughly equal parts from federal, state, and local governments, with voluntary labour and in kind donations contributed by local groups. The latest addition to

4216-795: The British crisis. The financial crisis now caused a major political crisis in Britain in August 1931. With deficits mounting, the bankers demanded a balanced budget; the divided cabinet of Prime Minister Ramsay MacDonald's Labour government agreed; it proposed to raise taxes, cut spending, and most controversially, to cut unemployment benefits 20%. The attack on welfare was unacceptable to the Labour movement. MacDonald wanted to resign, but King George V insisted he remain and form an all-party coalition " National Government ". The Conservative and Liberals parties signed on, along with

4340-517: The Depression. Businessmen ignored the mounting national debt and heavy new taxes, redoubling their efforts for greater output to take advantage of generous government contracts. During World War I many countries suspended their gold standard in varying ways. There was high inflation from WWI, and in the 1920s in the Weimar Republic , Austria , and throughout Europe. In the late 1920s there

4464-514: The Dow returning to 294 (pre-depression levels) in April 1930, before steadily declining for years, to a low of 41 in 1932. At the beginning, governments and businesses spent more in the first half of 1930 than in the corresponding period of the previous year. On the other hand, consumers, many of whom suffered severe losses in the stock market the previous year, cut expenditures by 10%. In addition, beginning in

4588-480: The Federal Reserve did not act to limit the decline of the money supply was the gold standard . At that time, the amount of credit the Federal Reserve could issue was limited by the Federal Reserve Act , which required 40% gold backing of Federal Reserve Notes issued. By the late 1920s, the Federal Reserve had almost hit the limit of allowable credit that could be backed by the gold in its possession. This credit

4712-442: The Great Depression is right, or the traditional Keynesian explanation that a fall in autonomous spending, particularly investment, is the primary explanation for the onset of the Great Depression. Today there is also significant academic support for the debt deflation theory and the expectations hypothesis that – building on the monetary explanation of Milton Friedman and Anna Schwartz – add non-monetary explanations. There

4836-639: The Great Depression. According to the U.S. Senate website, the Smoot–Hawley Tariff Act is among the most catastrophic acts in congressional history. Many economists have argued that the sharp decline in international trade after 1930 helped to worsen the depression, especially for countries significantly dependent on foreign trade. Most historians and economists blame the Act for worsening the depression by seriously reducing international trade and causing retaliatory tariffs in other countries. While foreign trade

4960-740: The High Line has been redesigned and planted as an aerial greenway and rails-to-trails park. Railroads in North America were often built with a mix of purchased land, government land grants, and easements. The land deeds can be over a hundred years old, land grants might be conditional upon continuous operation of the line, and easements may have expired, all expensive and difficult issues to determine at law. Railroad property rights have often been poorly defined and sporadically enforced, with neighboring property owners intentionally or accidentally using land they do not own. Such encroachers often later oppose

5084-473: The New Deal prolonged the Great Depression, as they argue that National Industrial Recovery Act of 1933 and National Labor Relations Act of 1935 restricted competition and established price fixing. John Maynard Keynes did not think that the New Deal under Roosevelt single-handedly ended the Great Depression: "It is, it seems, politically impossible for a capitalistic democracy to organize expenditure on

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5208-534: The Pennsylvania Department of Conservation and Natural Resources, motorized vehicles are strictly forbidden from using the trail. This ban includes motorcycles , snowmobiles and all-terrain vehicles . Between Ansonia and Tiadaghton, horseback riding is permitted on the trail. There are camping sites along the trail, but require permits be obtained in advance from the Pennsylvania Department of Conservation and Natural Resources. Additional amenities along

5332-621: The Rail Trail scene in Victoria is The Great Victorian Rail Trail which is the longest rail trail in Victoria covering 134 km (83 mi). It has become popular with tourists as it meanders through steep valleys and open farm country. The Rail Trails Australia website is a good source of local information. about trails in Australia. A number of rail trails have been established through New Zealand;

5456-715: The Sarnia Bridge was inducted into the North America Railway Hall of Fame . A railroad between Gateway Road and Raleigh Street (i.e. streets immediately parallel to the railway on each side) in Winnipeg , Manitoba , was turned into a 7 km (4.3 mi) asphalt trail in 2007. It is called the Northeast Pioneers Greenway, and there are plans for expansion into East St. Paul , and eventually to Birds Hill Park. In Nova Scotia , almost every section of

5580-540: The U.K. economy, which experienced an economic downturn throughout most of the late 1920s, was less severely impacted by the shock of the depression than the U.S. By contrast, the German economy saw a similar decline in industrial output as that observed in the U.S. Some economic historians attribute the differences in the rates of recovery and relative severity of the economic decline to whether particular countries had been able to effectively devaluate their currencies or not. This

5704-485: The U.S. unemployment rate down below 10%. World War II had a dramatic effect on many parts of the American economy. Government-financed capital spending accounted for only 5% of the annual U.S. investment in industrial capital in 1940; by 1943, the government accounted for 67% of U.S. capital investment. The massive war spending doubled economic growth rates, either masking the effects of the Depression or essentially ending

5828-622: The United States, agricultural organizations sponsored programs to teach housewives how to optimize their gardens and to raise poultry for meat and eggs. Rural women made feed sack dresses and other items for themselves and their families and homes from feed sacks. In American cities, African American women quiltmakers enlarged their activities, promoted collaboration, and trained neophytes. Quilts were created for practical use from various inexpensive materials and increased social interaction for women and promoted camaraderie and personal fulfillment. Oral history provides evidence for how housewives in

5952-543: The United States, remained on the gold standard into 1932 or 1933, while a few countries in the so-called "gold bloc", led by France and including Poland, Belgium and Switzerland, stayed on the standard until 1935–36. According to later analysis, the earliness with which a country left the gold standard reliably predicted its economic recovery. For example, The UK and Scandinavia, which left the gold standard in 1931, recovered much earlier than France and Belgium, which remained on gold much longer. Countries such as China, which had

6076-666: The abandonment of the Prince Edward Island Railway in 1989, the government of Prince Edward Island purchased the right-of-way to the entire railway system. The Confederation Trail was developed as a tip-to-tip walking/cycling gravel rail trail which doubles as a monitored and groomed snowmobile trail during the winter months, operated by the PEI Snowmobile Association. In Quebec, Le P'tit Train du Nord runs 200 km (120 mi) from Saint-Jérôme to Mont-Laurier . In Toronto , there are two rail trails,

6200-466: The area. Evidence of their work is still visible and is commemorated with a sign near the Darling Run trail access area. Due to the trail being originally constructed as a rail bed it is relatively flat with only gentle grades. It is topped with crushed limestone . Bicycling , hiking and in the winter cross-country skiing are the only permitted activities on the trail. Without a written permit from

6324-455: The banks would not have fallen after the large ones did, and the money supply would not have fallen as far and as fast as it did. With significantly less money to go around, businesses could not get new loans and could not even get their old loans renewed, forcing many to stop investing. This interpretation blames the Federal Reserve for inaction, especially the New York branch . One reason why

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6448-465: The behavior of housewives. The common view among economic historians is that the Great Depression ended with the advent of World War II . Many economists believe that government spending on the war caused or at least accelerated recovery from the Great Depression, though some consider that it did not play a very large role in the recovery, though it did help in reducing unemployment. The rearmament policies leading up to World War II helped stimulate

6572-549: The best known are the Hauraki Rail Trail (linking Thames, Paeroa, Te Aroha and Waikino/Waihi), Otago Central Rail Trail and the Little River Rail Trail . The New Zealand Cycle Trail project, a Government-led initiative, will greatly accelerate the establishment of new trails. The first seven projects (not all of them rail trails, though) were announced in July 2009 and will receive NZ$ 9 million in funding of

6696-626: The border from Malaysia. Government agencies such as the Urban Redevelopment Authority (URA) and the Singapore Land Authority (SLA) have taken responsibility for developing and implementing ideas and activities for the former rail lands. The URA has a dedicated web site on Rail Corridor. An example of activities permitted include street art on a section of the disused railway, supported by the SLA, URA, Land Transport Authority and

6820-586: The city, but this scheme has not been officially approved. With more than 2,500 kilometers of rail trails (Via Verde) in a network of 117 cycling and walking itineraries, Spain ranks high in the European greenways scene. The trails are managed or coordinated by the Spanish Railways Foundation, an institution created in 1985. Many of the converted tracks were originally built for the mining industry, connecting remote mountain sites with port locations on

6944-457: The coast, now offering picturesque rides from wild interior landscapes to the seaside, following near-flat routes with long-spanning viaducts and bridges, plus a number of tunnels. Cuts to Ireland's once expansive rail network in the mid 20th century left Ireland with a vast network of disused railways. While many lines were ripped up and the sections of the land acquired by private owners, a number of former railways do exist intact, thus providing

7068-458: The collapse in global trade, contributing to the depression. By 1933, the economic decline pushed world trade to one third of its level compared to four years earlier. While the precise causes for the occurrence of the Great depression are disputed and can be traced to both global and national phenomena, its immediate origins are most conveniently examined in the context of the U.S. economy, from which

7192-475: The crash was a mere symptom of more general economic trends of the time, which had already been underway in the late 1920s. A contrasting set of views, which rose to prominence in the later part of the 20th century, ascribes a more prominent role to failures of monetary policy . According to those authors, while general economic trends can explain the emergence of the downturn, they fail to account for its severity and longevity; they argue that these were caused by

7316-474: The creek, and finished products were carried out by train. Coal mining was another important industry, and coal was also shipped along the railroad. After a series of reorganizations, the railroad along Pine Creek became a part of the New York Central Railroad and eventually Conrail . Freight and passenger service continued until 1988, when Conrail ended rail service. The tracks were removed, and

7440-620: The crisis, the U.S. Congress passed the Smoot–Hawley Tariff Act on 17 June 1930. The Act was ostensibly aimed at protecting the American economy from foreign competition by imposing high tariffs on foreign imports. The consensus view among economists and economic historians (including Keynesians , Monetarists and Austrian economists ) is that the passage of the Smoot–Hawley Tariff had, in fact, achieved an opposite effect to what

7564-633: The decade. The Depression had devastating economic effects on both wealthy and poor countries: all experienced drops in personal income , prices ( deflation ), tax revenues, and profits. International trade fell by more than 50%, and unemployment in some countries rose as high as 33%. Cities around the world , especially those dependent on heavy industry , were heavily affected. Construction virtually halted in many countries, and farming communities and rural areas suffered as crop prices fell by up to 60%. Faced with plummeting demand and few job alternatives, areas dependent on primary sector industries suffered

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7688-408: The depression. Not all governments enforced the same measures of protectionism. Some countries raised tariffs drastically and enforced severe restrictions on foreign exchange transactions, while other countries reduced "trade and exchange restrictions only marginally": The gold standard was the primary transmission mechanism of the Great Depression. Even countries that did not face bank failures and

7812-435: The domestic price level to decline ( deflation ). There is also consensus that protectionist policies, and primarily the passage of the Smoot–Hawley Tariff Act , helped to exacerbate, or even cause the Great Depression. Some economic studies have indicated that the rigidities of the gold standard not only spread the downturn worldwide, but also suspended gold convertibility (devaluing the currency in gold terms) that did

7936-402: The drop in demand. Monetarists believe that the Great Depression started as an ordinary recession, but the shrinking of the money supply greatly exacerbated the economic situation, causing a recession to descend into the Great Depression. Economists and economic historians are almost evenly split as to whether the traditional monetary explanation that monetary forces were the primary cause of

8060-427: The economies of Europe in 1937–1939. By 1937, unemployment in Britain had fallen to 1.5 million. The mobilization of manpower following the outbreak of war in 1939 ended unemployment. The American mobilization for World War II at the end of 1941 moved approximately ten million people out of the civilian labor force and into the war. This finally eliminated the last effects from the Great Depression and brought

8184-576: The end of the month. A large sell-off of stocks began in mid-October. Finally, on 24 October, Black Thursday , the American stock market crashed 11% at the opening bell. Actions to stabilize the market failed, and on 28 October, Black Monday, the market crashed another 12%. The panic peaked the next day on Black Tuesday, when the market saw another 11% drop. Thousands of investors were ruined, and billions of dollars had been lost; many stocks could not be sold at any price. The market recovered 12% on Wednesday but by then significant damage had been done. Though

8308-441: The explanations of the Keynesians and monetarists. The consensus among demand-driven theories is that a large-scale loss of confidence led to a sudden reduction in consumption and investment spending. Once panic and deflation set in, many people believed they could avoid further losses by keeping clear of the markets. Holding money became profitable as prices dropped lower and a given amount of money bought ever more goods, exacerbating

8432-426: The federal government passing legislation promoting the use of railbanking for abandoned railroad corridors in 1983 which was upheld by the U.S. Supreme Court in 1990. This process preserves rail corridors for possible future rail use with interim use as a trail. By the 1970s, even main lines were being sold or abandoned. This was especially true when regional rail lines merged and streamlined their operations. As both

8556-503: The few women in the labor force, layoffs were less common in the white-collar jobs and they were typically found in light manufacturing work. However, there was a widespread demand to limit families to one paid job, so that wives might lose employment if their husband was employed. Across Britain, there was a tendency for married women to join the labor force, competing for part-time jobs especially. In France, very slow population growth, especially in comparison to Germany continued to be

8680-412: The first section of the Pine Creek Rail Trail opened in 1996. The trail opened in stages with the most recent section (from Ansonia to just north of Wellsboro) being completed in 2007. The trail is operated by the Pennsylvania Department of Conservation and Natural Resources . In 2001, an article in the USA Today newspaper named the Pine Creek Rail Trail one of "10 great places to take a bike tour" in

8804-452: The first week of June, 540 million in the second, and 150 million in two days, 19–20 June. Collapse was at hand. U.S. President Herbert Hoover called for a moratorium on payment of war reparations . This angered Paris, which depended on a steady flow of German payments, but it slowed the crisis down, and the moratorium was agreed to in July 1931. An International conference in London later in July produced no agreements but on 19 August

8928-590: The former Galway to Clifden railway into a greenway, but negotiations are still underway with landowners regarding its routing. A section of the Waterford, Limerick and Western Railway railway line, from Claremorris to Collooney has been touted for redevelopment as a greenway, but has met with some recent opposition from groups wishing for reestablishment of the railway itself. The RAVeL network in Belgium combines converted tracks, byways and towpaths , adding up to

9052-599: The government tried to reshape private household consumption under the Four-Year Plan of 1936 to achieve German economic self-sufficiency. The Nazi women's organizations, other propaganda agencies and the authorities all attempted to shape such consumption as economic self-sufficiency was needed to prepare for and to sustain the coming war. The organizations, propaganda agencies and authorities employed slogans that called up traditional values of thrift and healthy living. However, these efforts were only partly successful in changing

9176-566: The history of the railroad. Their primary revenue is tourist operations, so rail traffic is seasonal; though all three have been granted rights to carry freight, should customers show interest. Though rare, there are several cases in which trails convert back to active railroads. One example occurred in 2012 in Clarence, Pennsylvania , where the R.J. Corman Railroad Company received permission to rebuild 20 miles (32 km) of railbanked line to serve new industries. Conrail had ceased operating over

9300-519: The home, or took boarders, did laundry for trade or cash, and did sewing for neighbors in exchange for something they could offer. Extended families used mutual aid—extra food, spare rooms, repair-work, cash loans—to help cousins and in-laws. In Japan, official government policy was deflationary and the opposite of Keynesian spending. Consequently, the government launched a campaign across the country to induce households to reduce their consumption, focusing attention on spending by housewives. In Germany,

9424-514: The initial crisis spread to the rest of the world. In the aftermath of World War I , the Roaring Twenties brought considerable wealth to the United States and Western Europe. Initially, the year 1929 dawned with good economic prospects: despite a minor crash on 25 March 1929, the market seemed to gradually improve through September. Stock prices began to slump in September, and were volatile at

9548-543: The lack of an adequate response to the crises of liquidity that followed the initial economic shock of 1929 and the subsequent bank failures accompanied by a general collapse of the financial markets. After the Wall Street Crash of 1929 , when the Dow Jones Industrial Average dropped from 381 to 198 over the course of two months, optimism persisted for some time. The stock market rose in early 1930, with

9672-573: The land around the Tanjong Pagar Railway Station and other nodes are included. Given the location of the railway lands in land scarce Singapore, there was concern that the lands would be developed. Organisations such as the Nature Society Singapore developed comprehensive plans to maintain the rail lands for nature-related pursuits. The Green Corridor web site is a campaign website dedicated to preserving its natural form. In

9796-605: The largest number of rail trails in Europe, with 677 rail trails with a total length of 5,020 kilometres (3,120 mi) (as at February 2015). 80 more projects are being planned or under construction. Some of the longest rail trails are in the state of Rhineland-Palatinate . These are the Maare-Mosel-Radweg with 39 kilometres (24 mi) on the old rail track, the Ruwer-Hochwald-Radweg with 44 kilometres (27 mi) on

9920-458: The line from Penn Central in 1969, and subsequently signed a long-term lease with the railroad. The railroad has been continually working to bring this section of the line back into service. Both Departments strongly support the preservation of the line, and have provided support to the railroad with property encroachment from abutters and the provision of railroad ties . All three of these examples are heritage railroads , which serve to protect

10044-598: The line in 1990, and 10 miles (16 km) was converted to the Snow Shoe Rails to Trails. Most original rail lines were surveyed for ease of transport and gentle (often less than 2%) grades . Therefore, the rail trails that succeeded them are often fairly straight and ideally suited to overcome steep or awkward terrain such as hills, escarpments, rivers, swamps, etc. Rail trails often share space with linear utilities such as pipelines, electrical transmission wires, and telephone lines. Most purchase of railway land

10168-725: The majority of rail trails are maintained by either the local authority or charitable organisations such as Sustrans , the Railway Ramblers or Railway Paths . A 31-mile (50 km) section (between Braunton and Meeth ) of the Tarka Trail in Devon is one of the longest of these. Many of these former railway lines form part of the British National Cycle Network , connecting with long-distance paths and towpaths along Britain's extensive network of canals . For example,

10292-512: The market entered a period of recovery from 14 November until 17 April 1930, the general situation had been a prolonged slump. From 17 April 1930 until 8 July 1932, the market continued to lose 89% of its value. Despite the crash, the worst of the crisis did not reverberate around the world until after 1929. The crisis hit panic levels again in December 1930, with a bank run on the Bank of United States ,

10416-414: The mid-1930s, a severe drought ravaged the agricultural heartland of the U.S. Interest rates dropped to low levels by mid-1930, but expected deflation and the continuing reluctance of people to borrow meant that consumer spending and investment remained low. By May 1930, automobile sales declined to below the levels of 1928. Prices, in general, began to decline, although wages held steady in 1930. Then

10540-423: The monetary base and by not injecting liquidity into the banking system to prevent it from crumbling, the Federal Reserve passively watched the transformation of a normal recession into the Great Depression. Friedman and Schwartz argued that the downward turn in the economy, starting with the stock market crash, would merely have been an ordinary recession if the Federal Reserve had taken aggressive action. This view

10664-496: The most to make recovery possible. Every major currency left the gold standard during the Great Depression. The UK was the first to do so. Facing speculative attacks on the pound and depleting gold reserves , in September 1931 the Bank of England ceased exchanging pound notes for gold and the pound was floated on foreign exchange markets. Japan and the Scandinavian countries followed in 1931. Other countries, such as Italy and

10788-427: The most. The outbreak of World War II in 1939 ended the Depression, as it stimulated factory production, providing jobs for women as militaries absorbed large numbers of young, unemployed men. The precise causes for the Great Depression are disputed. One set of historians, for example, focuses on non-monetary economic causes. Among these, some regard the Wall Street crash itself as the main cause; others consider that

10912-568: The need to balance the national budget and was unwilling to implement expensive welfare spending . In 1930, Hoover signed the Smoot–Hawley Tariff Act , which taxed imports with the intention of encouraging buyers to purchase American products, which worsened the Depression because foreign governments retaliated with tariffs on American exports. In 1932, Hoover established the Reconstruction Finance Corporation , which offered loans to businesses and support to local governments. In

11036-502: The northern terminus is located at the southernmost end of Butler Road. The trail parallels Route 6 in a southwesterly direction for about 6 miles (9.7 km) until it reaches the village of Ansonia . South of Ansonia, the trail parallels Pine Creek as it goes south along the floor of Pine Creek Gorge. It passes through Leonard Harrison State Park and the Tioga State Forest . Approximately 17 miles (27 km) south of Ansonia,

11160-684: The old rail track and the Schinderhannes-Radweg with 36 kilometres (22 mi) on the old track of the Hunsrück Railway . Up to date, the 23 km long Nordbahntrasse in Wuppertal is still the rail trail with the highest standard in Germany and is a prime example of conversion of an abandoned railway track into a multiuser cycling path. With almost 150 lines in use, the United Kingdom has

11284-631: The option for the development of many rail trails in the future. The rail-trail on the former Westport to Achill Island line, known as the Great Western Greenway , was completed in 2011. Much progress has been made on the development of a rail-trail on the former Limerick to Tralee / Fenit line, in the form of the Great Southern Trail . As of 2013, a 36-kilometre (22 mi) section from Rathkeale to Abbeyfeale has been completed. Planning permission has been granted to redevelop

11408-483: The physical volume of exports fall, but also the prices fell by about 1 ⁄ 3 as written. Hardest hit were farm commodities such as wheat, cotton, tobacco, and lumber. Governments around the world took various steps into spending less money on foreign goods such as: "imposing tariffs, import quotas, and exchange controls". These restrictions triggered much tension among countries that had large amounts of bilateral trade, causing major export-import reductions during

11532-477: The policies prolonged the Depression instead of shortening it. Between 1929 and 1932, worldwide gross domestic product (GDP) fell by an estimated 15%; in the U.S., the Depression resulted in a 30% contraction in GDP. Recovery varied greatly around the world. Some economies, such as the U.S., Germany and Japan started to recover by the mid-1930s; others, like France, did not return to pre-shock growth rates until later in

11656-406: The political situation in Europe. In their book, A Monetary History of the United States , Milton Friedman and Anna J. Schwartz also attributed the recovery to monetary factors, and contended that it was much slowed by poor management of money by the Federal Reserve System . Chairman of the Federal Reserve (2006–2014) Ben Bernanke agreed that monetary factors played important roles both in

11780-628: The rail industry led to the closure of a number of uneconomical branch lines and redundant mainlines. Some were maintained as short line railways , but many others were abandoned. The first abandoned rail corridor in the United States converted into a recreational trail was the Elroy-Sparta State Trail in Wisconsin , which opened in 1967. The following year the Illinois Prairie Path opened. The conversion of rails to trails hastened with

11904-626: The rail trail passes through sparsely populated areas of the Canadian Shield , with historic trestle bridges crossing several rivers. The old Sarnia Bridge in St. Marys, Ontario , was re-purposed as part of the Grand Trunk Trail . The former Grand Trunk Railway viaduct was purchased from Canadian National Railway in 1995. The Grand Trunk Trail was opened in 1998 with over 3 km (1.9 mi) of paved, accessible trail. In 2012, The re-purposing of

12028-434: The scale necessary to make the grand experiments which would prove my case—except in war conditions." According to Christina Romer , the money supply growth caused by huge international gold inflows was a crucial source of the recovery of the United States economy, and that the economy showed little sign of self-correction. The gold inflows were partly due to devaluation of the U.S. dollar and partly due to deterioration of

12152-703: The second-largest network of rail trails in Europe after Germany. The development of rail trails in the United Kingdom grew after a major programme of railway line closures in the 1960s known as the Beeching cuts . The scheme, named after Dr. Richard Beeching , the then chairman of British Railways , decommissioned approximately 5,000 miles (8,000 km) of railway lines all over Great Britain. Many rural and suburban lines were closed along with selected main line trunk routes. Since then, approximately 1,200–2,200 miles (1,900–3,500 km) of disused railway lines in Britain have been converted to public leisure purposes, and today

12276-545: The second-longest, extending for 321 miles (517 km), the longest being the Ohio to Erie Trail in Ohio at 326 miles (525 km). The BeltLine , in Atlanta , Georgia, is currently under construction. In 2030, its anticipated year of completion, it will be one of the longest continuous trails. The Atlanta BeltLine is a sustainable redevelopment project that will provide a network of public parks, multi-use trails and transit along

12400-416: The southern areas of Canada connecting most of Canada's major cities and most populous areas. There is also a long northern arm which runs through Alberta to Edmonton and then up through northern British Columbia to Yukon. The trail is multi-use and depending on the section may allow hikers, bicyclists, horseback riders, cross country skiers and snowmobilers. In North America, the decades-long consolidation of

12524-611: The southern terminus in Jersey Shore. Rail trail The Bermuda Railway ceased to operate as such when the only carrier to exist in Bermuda folded in 1948. Some of the former right of way were converted for automobile traffic, and in 1984 18 miles were converted to a rail trail, reserved for pedestrian use and bicycles on paved portions. The rail bed spans the length of the island, and connected Hamilton to St. George's and several villages, though several bridges are derelict, causing

12648-555: The supply of potential trails increased and awareness of the possibilities rose, state governments, municipalities, conservation authorities, and private organizations bought the rail corridors to create, expand or link green spaces . The longest developed rail trail is currently the 240 miles (390 km) Katy Trail in Missouri . When complete, the Cowboy Trail in Nebraska will become

12772-542: The terrain, with a 100 feet (30 m) width being ample enough where little surface grading is required. The initial 705 miles (1,135 km) stretch of the Illinois Central Railroad is the most liberal in the world with a width of 200 feet (61 m) along the whole length of the line. Rail trails are often graded and covered in gravel or crushed stone, although some are paved with asphalt and others are left as dirt. Where rail bridges are incorporated into

12896-693: The total project budget of NZ$ 50 million. On 24 May 2010, the Singapore and Malaysia governments agreed to move the Singapore terminus of the Keretapi Tanah Melayu Berhad (KTMB) from the Tanjong Pagar railway station in southern Singapore to Woodlands Train Checkpoint in northern Singapore. This resulted in the railway lines in Singapore becoming surplus as the Woodlands terminus is just over

13020-483: The trail (from north to south): The Native American Pine Creek Path followed Pine Creek from Jersey Shore to Ansonia and beyond. The earliest industry in the region was logging . In the years between 1820 and 1883, trees were floated down the creek to sawmills in Jersey Shore and Williamsport . In 1883, the Jersey Shore, Pine Creek and Buffalo Railway opened. Sawmills were constructed in several communities along

13144-586: The trail include composting toilets and water pumps. The final section of the trail opened in 2007, and there are no immediate plans to expand the trail at this time. Several groups have proposed expanding the trail into the borough of Wellsboro or building a trail along the West Branch Susquehanna River between Jersey Shore and Williamsport . The next phase of the Bald Eagle Valley Trail, in neighboring Clinton County , will link to

13268-411: The trail parallels Pennsylvania Route 44 for approximately 17 miles (27 km) until the trail reaches its southern terminus in Jersey Shore. (Parking at Railroad St. and Humes St.) Between Blackwell and Jersey Shore, the trail crosses the highway and Pine Creek several times, and it is almost always within sight of both the road and the creek. Boroughs, villages, and attractions located along or near

13392-481: The trail passes through the village of Blackwell . The section between Ansonia and Blackwell is very remote, and much of the trail is inaccessible by road. South of Blackwell, the trail enters Lycoming County and the Tiadaghton State Forest . It parallels Pennsylvania Route 414 for about 25 miles (40 km). Pennsylvania Route 414 ends near the unincorporated village of Waterville . South of Waterville,

13516-591: The trail to be fragmented. The Kettle Valley Rail Trail in British Columbia uses a rail corridor that was originally built for the now-abandoned Kettle Valley Railway . The trail was developed during the 1990s after the Canadian Pacific Railway abandoned train service. The longest rail trail in Canada is the Newfoundland T'Railway that covers a distance of 883 km (549 mi). Protected as

13640-480: The trail, the only alterations (if any) tend to be adding solid walking areas on top of ties or trestles, though bridges in poorer condition do receive new guardrails , paint, and reinforcement. If paved, they are especially suitable for people who use wheelchairs. Where applicable, the same trails used in the summer for walking, jogging, and inline skating can be used in the winter for Nordic skiing , snowshoeing , and sometimes snowmobiling . Rails with trails are

13764-471: The world, recovery from the Great Depression began in 1933. In the U.S., recovery began in early 1933, but the U.S. did not return to 1929 GNP for over a decade and still had an unemployment rate of about 15% in 1940, albeit down from the high of 25% in 1933. There is no consensus among economists regarding the motive force for the U.S. economic expansion that continued through most of the Roosevelt years (and

13888-659: The world. The financial crisis escalated out of control in mid-1931, starting with the collapse of the Credit Anstalt in Vienna in May. This put heavy pressure on Germany, which was already in political turmoil. With the rise in violence of National Socialist ('Nazi') and Communist movements, as well as investor nervousness at harsh government financial policies, investors withdrew their short-term money from Germany as confidence spiraled downward. The Reichsbank lost 150 million marks in

14012-496: The world. The Pine Creek Rail Trail spans approximately 65 miles (105 km) from end to end, following a primarily north–south orientation. It is located entirely within Tioga and Lycoming Counties. Additionally, a portion of the trail is designated as BicyclePA Route G . The trail's northern terminus is near the intersection of U.S. Route 6 and Pennsylvania Route 287 , about 3 miles (4.8 km) north of Wellsboro. Parking for

14136-488: The world. It was one of only five places in the continental United States on the list, which was compiled by Patricia Vance, author of bicycle touring guides. The article cited the "Grand Canyon of Pennsylvania" as "idyllic in fall" and mentioned the "gorge with views of the cliffs and mixed hardwood forest". During the Great Depression , the Civilian Conservation Corps built numerous roads, bridges, and trails through

14260-486: The world. The economic contagion began in 1929 in the United States , the largest economy in the world, with the devastating Wall Street stock market crash of October 1929 often considered the beginning of the Depression. The Depression was preceded by a period of industrial growth and social development known as the " Roaring Twenties ". Much of the profit generated by the boom was invested in speculation , such as on

14384-778: The worldwide economic decline and eventual recovery. Bernanke also saw a strong role for institutional factors, particularly the rebuilding and restructuring of the financial system, and pointed out that the Depression should be examined in an international perspective. Women's primary role was as housewives; without a steady flow of family income, their work became much harder in dealing with food and clothing and medical care. Birthrates fell everywhere, as children were postponed until families could financially support them. The average birthrate for 14 major countries fell 12% from 19.3 births per thousand population in 1930, to 17.0 in 1935. In Canada, half of Roman Catholic women defied Church teachings and used contraception to postpone births. Among

14508-639: Was a scramble to deflate prices to get the gold standard's conversation rates back on track to pre-WWI levels, by causing deflation and high unemployment through monetary policy. In 1933 FDR signed Executive Order 6102 and in 1934 signed the Gold Reserve Act . The two classic competing economic theories of the Great Depression are the Keynesian (demand-driven) and the Monetarist explanation. There are also various heterodox theories that downplay or reject

14632-478: Was a small part of overall economic activity in the U.S. and was concentrated in a few businesses like farming, it was a much larger factor in many other countries. The average ad valorem (value based) rate of duties on dutiable imports for 1921–1925 was 25.9% but under the new tariff it jumped to 50% during 1931–1935. In dollar terms, American exports declined over the next four years from about $ 5.2 billion in 1929 to $ 1.7 billion in 1933; so, not only did

14756-500: Was accompanied by a loss of confidence in the financial system. By 1933, the U.S. unemployment rate had risen to 25 percent, about one-third of farmers had lost their land, and about half of the country's 25,000 banks had gone out of business. Many people, unable to pay mortgages or rent, became homeless and relied on begging or charities to feed themselves. The U.S. federal government initially did little to help. President Herbert Hoover , like many of his fellow Republicans , believed in

14880-474: Was endorsed in 2002 by Federal Reserve Governor Ben Bernanke in a speech honoring Friedman and Schwartz with this statement: Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve. I would like to say to Milton and Anna: Regarding the Great Depression, you're right. We did it. We're very sorry. But thanks to you, we won't do it again. The Federal Reserve allowed some large public bank failures – particularly that of

15004-426: Was given by American economists Milton Friedman and Anna J. Schwartz . They argued that the Great Depression was caused by the banking crisis that caused one-third of all banks to vanish, a reduction of bank shareholder wealth and more importantly monetary contraction of 35%, which they called "The Great Contraction ". This caused a price drop of 33% ( deflation ). By not lowering interest rates, by not increasing

15128-491: Was in the form of Federal Reserve demand notes. A "promise of gold" is not as good as "gold in the hand", particularly when they only had enough gold to cover 40% of the Federal Reserve Notes outstanding. During the bank panics, a portion of those demand notes was redeemed for Federal Reserve gold. Since the Federal Reserve had hit its limit on allowable credit, any reduction in gold in its vaults had to be accompanied by

15252-446: Was intended. It exacerbated the Great Depression by preventing economic recovery after domestic production recovered, hampering the volume of trade; still there is disagreement as to the precise extent of the Act's influence. In the popular view, the Smoot–Hawley Tariff was one of the leading causes of the depression. In a 1995 survey of American economic historians, two-thirds agreed that the Smoot–Hawley Tariff Act at least worsened

15376-464: Was the rollback of those same reflationary policies that led to the interruption of a recession beginning in late 1937. One contributing policy that reversed reflation was the Banking Act of 1935 , which effectively raised reserve requirements, causing a monetary contraction that helped to thwart the recovery. GDP returned to its upward trend in 1938. A revisionist view among some economists holds that

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