Railway Mania

Railway Mania refers to the rapid expansion of Britain’s railway network during the early to mid-19th century, particularly from the 1830s to the 1850s. Fueled by the promise of profits, investors eagerly funded numerous railway companies, leading to a surge in construction. This period was marked by speculation and excitement, but it culminated in financial instability as many companies failed, resulting in losses for investors. Railway Mania significantly impacted transportation, industry, and urban development in Britain, illustrating both the potential and risks of economic booms driven by technological innovation.