bankruptcy of Penn Central (1970)
GPTKB entity
Statements (19)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:bankruptcy
gptkb:historical_event |
| gptkbp:affects |
shareholders
employees railroad industry in the U.S. |
| gptkbp:cause |
financial mismanagement
decline in railroad industry |
| gptkbp:date |
June 21, 1970
|
| https://www.w3.org/2000/01/rdf-schema#label |
bankruptcy of Penn Central (1970)
|
| gptkbp:industry |
gptkb:railway_line
|
| gptkbp:involvedIn |
gptkb:Penn_Central_Transportation_Company
|
| gptkbp:ledTo |
formation of Conrail
creation of Amtrak |
| gptkbp:location |
gptkb:United_States
|
| gptkbp:relatedEvent |
Rail Passenger Service Act of 1970
Regional Rail Reorganization Act of 1973 |
| gptkbp:significance |
largest corporate bankruptcy in U.S. history at the time
|
| gptkbp:bfsParent |
gptkb:Pennsylvania_Railroad_system
|
| gptkbp:bfsLayer |
7
|