Learn Finance 101

096: Railway Mania – Britain's Great Infrastructure Bubble (1840s)


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Today we step into the smoky, clanging, coal-fired world of the 1840s British railway boom — an episode known to history as Railway Mania.

This is the story of how a genuinely transformative technology, the steam locomotive, collided with unchecked speculation, easy credit, a national obsession with progress, and a sudden flood of cheap money, creating one of the largest infrastructure bubbles in history.

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