chapter  6
15 Pages

Railways after the First World War

The dominant influence on the economic history of British railways in the inter-war years was the Railways Act, 1921, which marked a big step towards full State control of the railway system. It revolutionized railway organization by requiring the amalgalnation of the companies into a few large-scale groups and it introduced a new system of charging, intended to be more flexible than that brought in between 1888 and 1894.