Baldwin Locomotive Works had a humble beginning as a machine shop started by Matthias W. Baldwin in 1825. Stumbling into the growing railroad locomotive market, Baldwin would become the number one producer of steam locomotives over the following decades and well into the 20th century. However, a few key shortsighted decisions would lead to the companies swift and sudden collapse as diesels began to replace steam locomotives and left Baldwin with very little to offer.

0:00 Intro
1:54 Beginnings
5:19 Success in the Market
8:54 The Assumptions
14:42 Ignorance and Complacency
20:13 An Impossible Battle
25:48 Dying Breaths
27:45 Never Forgotten

"Baldwin Locomotive Works (BLW) was an American manufacturer of railway locomotives from 1825 to 1951. Originally located in Philadelphia, Pennsylvania, it moved to nearby Eddystone in the early 20th century. The company was for decades the world's largest producer of steam locomotives, but struggled to compete when demand switched to diesel locomotives. Baldwin produced the last of its 70,000plus locomotives in 1951, before merging with the LimaHamilton Corporation on September 11, 1951, to form the BaldwinLimaHamilton Corporation."

Further reading
https://en.wikipedia.org/wiki/Baldwin...
https://www.americanrails.com/baldwi...

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