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The Railways: Growth and Decline

In: Monopoly Control

Author

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  • Malcolm Abbott

    (Higher Education, Stanley College)

  • Bruce Cohen

Abstract

The most important networknetwork industry constructed in Australia in the nineteenth century, both in terms of the financial scale involved and its overall importance to economic developmenteconomic development, was that of the railwaysrailways. The railwaysrailways helped to promote the development of the hinterlands of each of the six colonies by reducing the transportation costs of moving export commodities (agricultural, forestry, and mining) to the ports. Every colony developed rail networks separate from those in the other colonies, and although each attempted to standardize rail gauges within their respective jurisdictions generally they did not coordinate these efforts with each other. Initially in the twentieth century the railways expanded, but after the 1920s when into a prolonged decline.

Suggested Citation

  • Malcolm Abbott & Bruce Cohen, 2023. "The Railways: Growth and Decline," Springer Books, in: Monopoly Control, chapter 0, pages 237-250, Springer.
    • Handle: RePEc:spr:sprchp:978-981-99-2726-5_10
    DOI: 10.1007/978-981-99-2726-5_10
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