EPISODE · Jun 14, 2026 · 16 MIN
096: Railway Mania – Britain's Great Infrastructure Bubble (1840s)
from Learn Finance 101 · host LearnFinance101
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.
What this episode covers
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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096: Railway Mania – Britain's Great Infrastructure Bubble (1840s)
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