The British Railway Mania
How a disruptive technology created the biggest speculative bubble in the history of England
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*For more on the South Sea Bubble see below
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Isaac Newton: A brilliant scientist, a terrible investor
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Most notable among them was George Hudson who operated 1/3 of the railway lines.

In 1845, investors started realizing the financial viability of many projects was not guaranteed and the investments were not as lucrative as they had initially thought.


The shares of the railway companies dropped below half of their peak price, with dividend rates slashed to 2%.


Hudson, also a member of the British parliament, had engaged in bribery, embezzlement, and insider trading.


/END/

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The British Railway Mania
— Kostas \U0001f468\u200d\U0001f4bc \U0001f4c8 \U0001f4b8 (@itsKostasWithK) January 14, 2021
How a disruptive technology created the biggest speculative bubble in the history of England
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