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Urban electric railway management andoperation in Britain and America1900–14

Published online by Cambridge University Press:  09 February 2009

Extract

The debate about the comparative performance of theBritish and American economies around the turn ofthe century has involved most industrial sectors. Inthe case of the railways, the argument goes back atleast to 1887, when a critical analysis of Englishrailway operations compared to those of the UnitedStates was published. For British railway companies,the years after 1900 were a particularly difficulttime especially in the capital market, and many newinvestment projects were abandoned, although notsolely because of adverse conditions in the capitalmarket. A substantial number of these projects wereprobably of a marginal nature but the eighteen-yearperiod between 1890 and 1908 also saw thedevelopment of a new type of railway – the urbanrapid transit system. This was in response to twovery different factors – the continuing growth ofcities and the application of electric power in aform suitable for railway use. The spread of thesesystems in Britain paralleled their expansion in theUnited States.

Information

Type
Research Article
Copyright
Copyright © Cambridge University Press 1989

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