The British Railway Mania was concluded with:Group of answer choicesNationalization of railway companies.Consolidation of ownership.Closure of train network.Introduction of the first car.
Question
The British Railway Mania was concluded with:Group of answer choicesNationalization of railway companies.Consolidation of ownership.Closure of train network.Introduction of the first car.
Solution
The British Railway Mania concluded with the consolidation of ownership. This period of extreme speculation in the British railway industry occurred in the 1840s. It led to a great number of companies, but many of them were not profitable. As a result, they were forced to merge with other companies, leading to a consolidation of ownership.
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