Lehman Brothers Holdings Inc declare bankruptcy.
The US savings and loan crisis leads to this recession.
A new generation of “sunrise” industries. Management and information skills relevant to a changing economy.
Early development of the rail network affects the creation of suburbs and has an effect on how food is transported.
The Liverpool and Manchester Railway opens: the world’s first inter-city passenger railway with steam locomotives.
English towns grow by 25.9 % and 54% of the population live in urban accommodation
Large house - Rent 1/10th of cost of house, which is around £50-100 per year with build costs rising to £1000; Medium house - £16-£26 rent per year.
A national network of canals exists.
Water filtration and reservoirs are introduced.
William Hedley and Timothy Hackworth design a locomotive (Puffing Billy Steam).