Canal Mania was the period of intense canal building in England and Wales between the 1790s and 1810s, and the speculative frenzy that ensued in the early 1790s. [1]
The earliest canal building was undertaken as a local enterprise, usually by a merchant, manufacturer or mine owner needing to ship goods, such as the Bridgewater Canal, built by the Duke of Bridgewater to ship his coal from Worsley to Manchester.
Despite the high cost of construction, the price of coal in Manchester fell by 50% shortly after it opened, and the financial success was attractive to investors.[ clarification needed ]
The expensive American War of Independence ended in 1783. A long run of good harvests resulted in an increase in disposable income and an increase in the number of people looking to invest capital for a profit with little personal interest in the business.[ clarification needed ]
There was a dramatic rise in the number of schemes promoted. Only one canal was authorised by Act of Parliament in 1790, but by 1793 it was twenty.[ clarification needed ][ cumulatively or not? ] The capital authorised[ of what? ] in 1790 was £90,000 (£9.7 million in 2015 [2] ), but this had risen to £2,824,700 (£299 million in 2015 [2] ) by 1793.
Some of the canals authorized during this period went on to be profitable. However, there were a number, including the Herefordshire and Gloucestershire Canal, which never paid a dividend. Others, such as the Grand Western Canal, were never completed.
Canals or artificial waterways are waterways or engineered channels built for drainage management or for conveyancing water transport vehicles. They carry free, calm surface flow under atmospheric pressure, and can be thought of as artificial rivers.
Railway Mania was a stock market bubble in the rail transportation industry of the United Kingdom of Great Britain and Ireland in the 1840s. It followed a common pattern: as the price of railway shares increased, speculators invested more money, which further increased the price of railway shares, until the share price collapsed. The mania reached its zenith in 1846, when 263 Acts of Parliament for setting up new railway companies were passed, with the proposed routes totalling 9,500 miles (15,300 km). About a third of the railways authorised were never built—the companies either collapsed due to poor financial planning, were bought out by larger competitors before they could build their line, or turned out to be fraudulent enterprises to channel investors' money into other businesses.
The Leeds and Liverpool Canal is a canal in Northern England, linking the cities of Leeds and Liverpool.
The Sheffield and South Yorkshire Navigation (S&SY) is a system of navigable inland waterways in South Yorkshire and Lincolnshire, England.
The canal network of the United Kingdom played a vital role in the Industrial Revolution. The UK was the first country to develop a nationwide canal network which, at its peak, expanded to nearly 4,000 miles in length. The canals allowed raw materials to be transported to a place of manufacture, and finished goods to be transported to consumers, more quickly and cheaply than by a land based route. The canal network was extensive and included feats of civil engineering such as the Anderton Boat Lift, the Manchester Ship Canal, the Worsley Navigable Levels and the Pontcysyllte Aqueduct.
The Manchester Ship Canal is a 36 mi-long (58 km) inland waterway in the North West of England linking Manchester to the Irish Sea. Starting at the Mersey Estuary at Eastham, near Ellesmere Port, Cheshire, it generally follows the original routes of the rivers Mersey and Irwell through the historic counties of Cheshire and Lancashire. Several sets of locks lift vessels about 60 ft (18 m) to the canal's terminus in Manchester. Landmarks along its route include the Barton Swing Aqueduct, the world's only swing aqueduct, and Trafford Park, the world's first planned industrial estate and still the largest in Europe.
The Bridgewater Canal connects Runcorn, Manchester and Leigh, in North West England. It was commissioned by Francis Egerton, 3rd Duke of Bridgewater, to transport coal from his mines in Worsley to Manchester. It was opened in 1761 from Worsley to Manchester, and later extended from Manchester to Runcorn, and then from Worsley to Leigh.
Castlefield is an inner-city conservation area in Manchester, North West England. The conservation area which bears its name is bounded by the River Irwell, Quay Street, Deansgate and Chester Road. It was the site of the Roman era fort of Mamucium or Mancunium which gave its name to Manchester. It was the terminus of the Bridgewater Canal, the world's first industrial canal, built in 1764; the oldest canal warehouse opened in 1779. The world's first passenger railway terminated here in 1830, at Liverpool Road railway station and the first railway warehouse opened here in 1831.
The Barnsley Canal is a canal that ran from Barnby Basin, through Barnsley, South Yorkshire, England, to a junction with the Aire and Calder Navigation near Wakefield, West Yorkshire. It was built in the 1790s, to provide a transport link from coal reserves at Barnsley to a wider market. Both the Aire and Calder Navigation and the River Don Navigation took a keen interest in the project, the former buying many of the initial shares, and the latter constructing the Dearne and Dove Canal to link the canal to their waterway. Water supply issues meant that the Aire and Calder proposed pumping all of the water for the canal from the River Calder, using steam pumps, but a reservoir was built at Cold Hiendley instead, increasing the construction costs, but reducing the running costs. The canal as built was 14.5 miles (23.3 km) long and included 15 locks.
The Chester Canal was an English canal linking the south Cheshire town of Nantwich with the River Dee at Chester. It was intended to link Chester to Middlewich, with a branch to Nantwich, but the Trent and Mersey Canal were unco-operative about a junction at Middlewich, and so the route to Nantwich was opened in 1779. There were also difficulties negotiating with the River Dee Company, and with no possibility of through traffic, the canal was uneconomic. Part of it was closed in 1787, when Beeston staircase locks collapsed, and there was no money to fund repairs. When the Ellesmere Canal was proposed in 1790, the company saw it as a ray of hope, and somehow managed to keep the struggling canal open. The Ellesmere Canal provided a link to the River Mersey at Ellesmere Port from 1797, and the fortunes of the Chester Canal began to improve.
The Sankey Canal in North West England, initially known as the Sankey Brook Navigation and later the St Helens Canal, is a former industrial canal, which when opened in 1757 was England's first of the Industrial revolution, and the first modern canal.
The canals of the United Kingdom are a major part of the network of inland waterways in the United Kingdom. They have a varied history, from use for irrigation and transport, through becoming the focus of the Industrial Revolution, to today's role of recreational boating. Despite a period of abandonment, today the canal system in the United Kingdom is again increasing in use, with abandoned and derelict canals being reopened, and the construction of some new routes. Canals in England and Wales are maintained by navigation authorities. The biggest navigation authorities are the Canal & River Trust and the Environment Agency, but other canals are managed by companies, local authorities or charitable trusts.
The Chard Canal was a 13.5 miles (21.7 km) tub boat canal in Somerset, England, that ran from the Bridgwater and Taunton Canal at Creech St. Michael, over four aqueducts, through three tunnels and four inclined planes to Chard. It was completed in 1842, was never commercially viable, and closed in 1868. The major engineering features are still clearly visible in the landscape.
The Droitwich Canal is a synthesis of two canals in Worcestershire, England; the Droitwich Barge Canal and the Droitwich Junction Canal. The Barge Canal is a broad canal which opened in 1771 linking Droitwich Spa to the River Severn at Hawford Bottom Lock, Claines. The Droitwich Junction Canal is a narrow canal, opened in 1854, which linked Droitwich to the Worcester and Birmingham Canal. Both were built to carry salt, and were abandoned in 1939. They have been the subject of a restoration plan since 1973, and the Barge Canal was officially reopened in 2010, while the Junction Canal reopened in July 2011. Following the opening of the canal, ownership transferred to the newly created Canal and River Trust
The Rochdale Canal is in Northern England, between Manchester and Sowerby Bridge, part of the connected system of the canals of Great Britain. Its name refers to the town of Rochdale through which it passes.
The Stockport Branch Canal was a 5-mile (8 km) branch of the Ashton Canal from Clayton to Stockport.
The City Road Basin is an English canal basin and part of the Regent's Canal in Central London, owned by the Canal & River Trust. It opened in 1820, and made a large contribution to the prosperity of the Regent's Canal. By the 1950s, its surroundings were largely derelict, but a programme of regeneration began in 2004, involving several large-scale residential developments, and public access to the basin was provided for the first time in 2009. The basin is used for canoeing by the Islington Boat Club.
The Haslingden Canal was a proposed canal link between the Bury arm of the Manchester Bolton & Bury Canal in Greater Manchester, England, and the Leeds and Liverpool Canal in Accrington, England, passing through Haslingden. 53°42′N2°18′W Authorised by an Act of Parliament in 1794, the canal was not built.
William Bennet was an English civil engineer, noted for his work on canals. Nothing is known of his early life or family history, but details of his work from about 1790 until 1826 are documented. His major projects were for the Dorset and Somerset Canal and the Somersetshire Coal Canal.
Manchester is one of the principal cities of the United Kingdom, gaining city status in 1853, thus becoming the first new city in over 300 years since Bristol in 1542. Often regarded as the first industrialised city, Manchester was a city built by the Industrial Revolution and had little pre-medieval history to speak of. Manchester had a population of 10,000 in 1717, but by 1911 it had burgeoned to 2.3 million.
