The Great Collapse: Higher Fares Or Public Ownership is a book written by Louis Waldman in 1919. The book discusses the collapse of the New York City transit system during the First World War and the subsequent debate over whether the system should be privately owned or publicly owned. Waldman argues that the collapse was caused by the private ownership of the transit system and the lack of government regulation. He suggests that the solution to the problem would be to nationalize the transit system and make it publicly owned. The book provides a detailed history of the development of the transit system in New York City and the various attempts to regulate it. Waldman also discusses the role of labor unions in the transit system and their efforts to improve working conditions and wages for transit workers. Overall, The Great Collapse: Higher Fares Or Public Ownership is a comprehensive analysis of the New York City transit system and the debate over public versus private ownership. It provides valuable insights into the history of transportation in the United States and the ongoing debate over government regulation and public ownership.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.