answersLogoWhite

0

They were invented to make easy profits. Early electric street car companies were also the local electrical supply companies for a city. They provided the street cars to make more profit. Soon after cars were invented street car profits fell off until eventually they abandoned the street cars and simply became utility companies. While every major city had 1 or more street car companies by 1910, and many small cities as well, very few street car companies existed by 1930. Today, they only exist where subsidized by government funds in the US.

User Avatar

Wiki User

12y ago

What else can I help you with?