I visited Cornwall, for the first time, in the summer and autumn of 1850; and in the winter of the same year, I wrote this book. At that time, the title attached to these pages was strictly descriptive of the state of the county, when my companion and I walked through it. But when, little more than a year afterwards, a second edition of this volume was called for, the all-conquering railway had invaded Cornwall in the interval, and had practically contradicted me on my own title-page.
This impressive collection of turn of the century material reveals the pivotal role of the railway in the Industrial Revolution, and provides a historical background to the modern debate of privatisation. On a broader scale, the material:
This is a business history of the first twenty-five years of nationalised railways in Britain. Commissioned by the British Railways Board and based on the Board's extensive archives, it breaks new ground in analysing fully the dynamics of nationalised industry management and, in particular, the complexities of the vital relationship with government. After exploring the origins of nationalisation, the book deals with the organisation, financial performance, investment and commercial policies of the British Transport Commission (1948-2), Railway Executive (1948-53) and British Railways Board (1963-73). The special problems of the railway industry, unique in its complexity, are fully explored, and new calculations of profit and loss, investment, and productivity are provided on a consistent basis for 1948-73. This business history thus represents a major contribution not only to the debate about the role of the railways in a modem economy but also to that concerning the nationalised industries, which have proved to be one of the most enduring problems of the British economy since the War.
Western Diesel Articles
Western Diesel Books