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Kara Lilly

Life at railway speed: lessons from the technology hype cycle

11.22.2017 By

In 1845, Scottish poet and author, William Aytoun, published his satire, How we got up the Glenmutchkin Railway, and how we got out of it. His story focused on the railway stock frenzy that gripped Great Britain, with the aim of bringing awareness to what he saw as madness, “if anyone ha[d] the sense to see it.” By the mid-1840s, British Railway Mania was nearing its zenith. In 1845, total railway revenues were £6 million (already about 1% of GDP…

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