Railroad crisis

In the past, railway crises was the term used to describe disruptions in the regular development of the railway network that occurred in different countries at different times.

Railway crises typically occurred as a backlash on a previous hot boom in railway construction, drawing excessive capital resources in a relatively short period of time. Railway crises mostly occurred in connection with general economic crises .

The most important railway crisis is considered to be that which lasted between around 1840 and 1850, while the stagnations gradually occurred in almost all countries that had proceeded more or less rapidly in building railways. Even after the so-called founding years , a general railway crisis occurred in 1873 , and continued in the United States between 1883 and 1893 .

Weblinks sources

• [1] Financial history USA 1873
• Keyword railway crisis on retrobibliothek.de