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Railway Bubble
Railway Mania was a stock market bubble in the rail transportation industry of the United Kingdom of Great Britain and Ireland in the 1840s. It followed a common pattern: as the price of railway shares increased, speculators invested more money, which further increased the price of railway shares, until the share price collapsed. The mania reached its zenith in 1846, when 263 Acts of Parliament for setting up new railway companies were passed, with the proposed routes totalling . About a third of the railways authorised were never built—the companies either collapsed because of poor financial planning, were bought out by larger competitors before they could build their line, or turned out to be fraudulent enterprises to channel investors' money into other businesses. Causes The world's first recognizably modern inter-city railway, the Liverpool and Manchester Railway (the L&M), opened in 1830 and proved to be successful for transporting both passengers and freight. In th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Opening Liverpool And Manchester Railway
Opening may refer to: Types of openings * Hole * A title sequence or opening credits * Grand opening of a business or other institution * Inauguration * Keynote * Opening sentence * Opening sequence * Opening statement, a beginning statement in a court case * Opening (morphology), a morphological filtering operation used in image processing * Overture * Salutation (greeting) * Vernissage Games * Backgammon opening * Chess opening * Go opening * Shogi opening * , a term from contract bridge * , a term from contract bridge Media * Al-Fatiha, "The Opening", the first chapter of the Qur'an * ''The Opening'' (album), live album by Mal Waldron * "Opening", a song by Hikaru Utada from the 2004 album '' Exodus'' * "Opening", a song by Jay Chou from the 2007 album ''Secret Secrecy is the practice of hiding information from certain individuals or groups who do not have the "need to know", perhaps while sharing it with other individuals. That which is kept hidden is known as th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Trade
Trade involves the transfer of goods and services from one person or entity to another, often in exchange for money. Economists refer to a system or network that allows trade as a market. Traders generally negotiate through a medium of credit or exchange, such as money. Though some economists characterize barter (i.e. trading things without the use of money) as an early form of trade, money was invented before written history began. Consequently, any story of how money first developed is mostly based on conjecture and logical inference. Letters of credit, paper money, and non-physical money have greatly simplified and promoted trade as buying can be separated from selling, or earning. Trade between two traders is called bilateral trade, while trade involving more than two traders is called multilateral trade. In one modern view, trade exists due to specialization and the division of labor, a predominant form of economic activity in which individuals and groups ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
North Eastern Railway (UK)
The North Eastern Railway (NER) was an England, English rail transport, railway company. It was incorporated in 1854 by the combination of several existing railway companies. Later, it was amalgamated with other railways to form the London and North Eastern Railway at the Railways Act 1921, Grouping in 1923. Its main line survives to the present day as part of the East Coast Main Line between London and Edinburgh. Unlike many other pre-Grouping companies the NER had a relatively compact territory, in which it had a near monopoly. That district extended through Yorkshire, County Durham and Northumberland, with outposts in Westmorland and Cumberland, England, Cumberland. The only company penetrating its territory was the Hull & Barnsley, which it absorbed shortly before the main grouping. The NER's main line formed the middle link on the Anglo-Scottish "East Coast Main Line" between London and Edinburgh, joining the Great Northern Railway (Great Britain), Great Northern Railwa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sheffield, Ashton-under-Lyne And Manchester Railway
The Sheffield, Ashton-under-Lyne and Manchester Railway was an early British railway company which opened in stages between 1841 and 1845 between Sheffield and Manchester via Ashton-under-Lyne. The Peak District formed a formidable barrier, and the line's engineer constructed Woodhead Tunnel, over long. The company amalgamated with the Sheffield and Lincolnshire Junction Railway and Great Grimsby and Sheffield Junction Railway companies, together forming the Manchester, Sheffield and Lincolnshire Railway in 1847.George Dow, ''Great Central: volume I: The Progenitors, 1813–1863'', Locomotive Publishing Co Ltd, London, 1959, , page 84 In the twentieth century the line carried an exceptionally heavy freight traffic, and it was electrified in 1954; at that time a new Woodhead Tunnel was driven. In 1974 the major part of the route was closed to passenger trains, leaving passenger operation continuing only on the Manchester–Hadfield, Derbyshire, Hadfield section, and in 1981 the l ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Great Northern Railway (Great Britain)
The Great Northern Railway (GNR) was a British railway company incorporated in 1846 with the object of building a line from London to York. It quickly saw that seizing control of territory was key to development, and it acquired, or took leases of, many local railways, whether actually built or not. In so doing, it overextended itself financially. Nevertheless, it succeeded in reaching into the coalfields of Nottinghamshire, Derbyshire and Yorkshire, as well as establishing dominance in Lincolnshire and north London. Bringing coal south to London was dominant, but general agricultural business, and short- and long-distance passenger traffic, were important activities too. Its fast passenger express trains captured the public imagination, and its Chief Mechanical Engineer Nigel Gresley became a celebrity. Anglo-Scottish travel on the East Coast Main Line became commercially important; the GNR controlled the line from London to Doncaster and allied itself with the North Easte ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rail Transport In Great Britain
The railway system in Great Britain is the oldest railway system in the world. The first locomotive-hauled public railway opened in 1825, which was followed by an era of rapid expansion. Most of the track is managed by Network Rail, which in 2024 had a network of of standard-gauge lines, of which were Railway electrification in Great Britain, electrified. In addition, some cities have separate metro, light rail and tram systems, among them the historic London Underground and the Glasgow Subway. There are also many List of British heritage and private railways, private railways, some of them British narrow gauge railways, narrow-gauge, which are primarily short lines for tourists. The main rail network is connected with that of continental Europe by the Channel Tunnel and High Speed 1, opened in 1994 and 2007 respectively. In 2024, there were 1.612 billion journeys on the National Rail network, making the British network the List of countries by rail usage, fifth most ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Midland Railway
The Midland Railway (MR) was a railway company in the United Kingdom from 1844 in rail transport, 1844. The Midland was one of the largest railway companies in Britain in the early 20th century, and the largest employer in Derby, where it had its headquarters. It amalgamated with several other railways to create the London, Midland and Scottish Railway at Railways Act 1921, grouping in 1923. The Midland had a large network of lines emanating from Derby, stretching to St Pancras railway station, London St Pancras, Manchester Central railway station, Manchester, Carlisle railway station, Carlisle, Birmingham Curzon Street railway station (1838–1966), Birmingham, and Bristol Temple Meads railway station, Bristol. It expanded as much through acquisitions as by building its own lines. It also operated ships from Heysham in Lancashire to Douglas, Isle of Man, Douglas and Belfast. A large amount of the Midland's infrastructure remains in use and visible, such as the Midland Main Lin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Great Western Railway
The Great Western Railway (GWR) was a History of rail transport in Great Britain, British railway company that linked London with the southwest, west and West Midlands (region), West Midlands of England and most of Wales. It was founded in 1833, received its enabling act of Parliament on 31 August 1835 and ran its first trains in 1838 with the initial route completed between London and Bristol in 1841. It was engineered by Isambard Kingdom Brunel, who chose a broad gauge of —later slightly widened to —but, from 1854, a series of Consolidation (business), amalgamations saw it also operate Standard gauge, standard-gauge trains; the last broad-gauge services were operated in 1892. The GWR was the only company to keep its identity through the Railways Act 1921, which amalgamated it with the remaining independent railways within its territory, and it was finally merged at the end of 1947 when it was Nationalization, nationalised and became the Western Region of British Railways. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Capital (economics)
In economics, capital goods or capital are "those durable produced goods that are in turn used as productive inputs for further production" of goods and services. A typical example is the machinery used in a factory. At the macroeconomic level, "the nation's capital stock includes buildings, equipment, software, and inventories during a given year." The means of production is as a "... series of heterogeneous commodities, each having specific technical characteristics ..." "capital goods", are one of the three types of intermediate goods used in the production process, the other two being land and labour. The three are also known collectively as "primary factors of production". This classification originated during the classical economics period and has remained the dominant method for classification. Capital can be increased by the use of a production process (see production function and factors of production). Outputs of the production process are normally classif ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dividend
A dividend is a distribution of profits by a corporation to its shareholders, after which the stock exchange decreases the price of the stock by the dividend to remove volatility. The market has no control over the stock price on open on the ex-dividend date, though more often than not it may open higher. When a corporation earns a profit or surplus, it is able to pay a portion of the profit as a dividend to shareholders. Any amount not distributed is taken to be re-invested in the business (called retained earnings). The current year profit as well as the retained earnings of previous years are available for distribution; a corporation is usually prohibited from paying a dividend out of its capital. Distribution to shareholders may be in cash (usually by bank transfer) or, if the corporation has a dividend reinvestment plan, the amount can be paid by the issue of further shares or by share repurchase. In some cases, the distribution may be of assets. The dividend received by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
George Hudson
George Hudson (probably 10 March 1800 – 14 December 1871) was an English railway financier and politician who, because he controlled a significant part of the Railway Mania, railway network in the 1840s, became known as "The Railway King"—a title conferred on him by Sydney Smith in 1844. Hudson played a significant role in linking London to Edinburgh by rail, carrying out the first major merging of railway companies (the Midland Railway) and developing his home city of York into a major railway junction. He also represented Sunderland (UK Parliament constituency), Sunderland in the House of Commons of the United Kingdom, House of Commons. Hudson's success was built on dubious financial practices and he frequently paid shareholders out of capital rather than money the company had earned. Eventually in 1849, a series of enquiries, launched by the railways he was chairman of, exposed his methods, although many leading the enquiries had benefited from and approved of Hudson's m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
George Hudson - Project Gutenberg EText 17293
George may refer to: Names * George (given name) * George (surname) People * George (singer), American-Canadian singer George Nozuka, known by the mononym George * George Papagheorghe, also known as Jorge / GEØRGE * George, stage name of Giorgio Moroder * George, son of Andrew I of Hungary Places South Africa * George, South Africa, a city ** George Airport United States * George, Iowa, a city * George, Missouri, a ghost town * George, Washington, a city * George County, Mississippi * George Air Force Base, a former U.S. Air Force base located in California Computing * George (algebraic compiler) also known as 'Laning and Zierler system', an algebraic compiler by Laning and Zierler in 1952 * GEORGE (computer), early computer built by Argonne National Laboratory in 1957 * GEORGE (operating system), a range of operating systems (George 1–4) for the ICT 1900 range of computers in the 1960s * GEORGE (programming language), an autocode system invented by Charles Leonard Hambli ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
