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Author Hollow, Matthew, 1985- author

Title All aboard the investment express! : financial bubbles, irrational exuberance, and the British railway mania of the 1840s / Matthew Hollow
Published London : SAGE Publications: SAGE Business Cases Originals, 2019
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Description 1 online resource : illustrations
Series SAGE Knowledge. Cases
SAGE research methods. Cases
SAGE Knowledge. Cases
SAGE research methods. Cases
Summary Between 1843 and the autumn of 1845, the UK experienced an unprecedented wave of stock market speculation as investors clamored to spend their savings on shares in a variety of railway development schemes. During this short-lived "railway mania", the price of railway shares in the UK more than doubled, as planned new investment in the railway network rose to around 8% of GDP in late 1845, before tumbling back down as the bubble burst. This case gives students the chance to step back in time and examine the various behavioral, political, and economic factors that contributed to the speculative mania. Readers can learn more about investor behavior, as well as enhance their understanding of the causes and consequences of stock market bubbles
Bibliography Includes bibliographical references and index
Notes Description based on XML content
Subject Railroads -- Economic aspects -- Great Britain -- History -- 19th century.
Speculation -- Economic aspects -- Great Britain -- Case studies.
Speculation -- Political aspects -- Great Britain -- Case studies.
Speculation -- Great Britain -- History -- 19th century.
Speculation -- Great Britain -- Psychological aspects -- Case studies.
Genre/Form Case studies.
Form Electronic book
ISBN 1526490404
9781526490407 (ebook)