Available online
Description
Liz McIvor tells the story of 'canal mania' - a boom period of frenzied activity that helped develop Britain's modern financial economy, now centred in London. The canal capitalists made money by i...nvesting and speculating in the new inland waterways used to carry fuel and goods around the country. Many of the investors were part of an emerging middle class. The Grand Junction Canal - built to improve the connection between London and the Midlands - was one of the new routes, and eventually proved to be a good investment for shareholders. However, not all canals were profitable. The new investors discovered that investment capitalism was a system that created winners and losers.
Liz McIvor tells the story of 'canal mania' - a boom period of frenzied activity that helped develop Britain's modern financial economy, now centred in London. The canal capitalists made money by i...nvesting and speculating in the new inland waterways used to carry fuel and goods around the country. Many of the investors were part of an emerging middle class. The Grand Junction Canal - built to improve the connection between London and the Midlands - was one of the new routes, and eventually proved to be a good investment for shareholders. However, not all canals were profitable. The new investors discovered that investment capitalism was a system that created winners and losers.
| Series: | Canals: the making of a nation |
|---|---|
| Episode | 3 |
| Published: | 2015 |
| Rights Statement: | |
| Restrictions on use: | |
| Duration: | 00:29:00 |
| Note: | BBC One version |
| + Show more... | |
| Producer: | Andy Richards |
| Contributor: | Liz McIvor |
| Publisher: | BBC Open University |
| Link to related site: | BBC One website: http://www.bbc.co.uk/programmes/b068c3zh |
| Subject terms: | Canals--Great Britain--Design and construction--History; Inland navigation--England--History; Capitalists and financiers |
| Production number: | FKIC342S |
| Available to public: | no |
