well i did and i did i end up having to talk about how my balls smell delightful by the way but still i'll do my balls smell actually waiting for an update here i don't want to do this on there good lord that's i have shared many hotel rooms with you and you have seen me do some pretty gross stuff i am glad that this podcast is not presented in smell-o-vision that's all i can say um all right so we go to new orleans at some point together you roz you are gonna have to smell my balls this no that was the god damn news well let's talk about the cray-cray bridge okay so i thought we'd start with some context oh i have to start with context on the show though yes yes learning is good so uh we gotta talk about like expansion of railways in victoria and britain right wow called railway mania roz isn't that just you on like a tuesday guy why why is this guy to the right of the sign has he been buried up to the waist uh possibly i mean they put these real questions they put these up pretty quick he may have just been standing in the wrong place when the embankment went up like when cars uh when they put new assaults out and the cars just get like left in them yeah okay so so they invented capitalism in britain right yes so sorry sorry um and as such it was a location of some uh not the earliest but certainly early speculative bubbles right yeah the south sea trading company to mania things of this nature yes um now the liverpool and manchester railway opened in NUMBER_TOKEN it was the first inter-city railway um carrying passengers and goods right before that most railways had been like you know special single purpose like tramways there's one in massachusetts that i think was just for like a quarry or something yeah there's a bunch of like welsh quarry tramways and stuff at this point yeah so the business model here uh turned out to work pretty good right um but people didn't really invest in it because the economy was in sort of a slump in the NUMBER_TOKENs by the NUMBER_TOKENs this was no longer the case um the bank of england lowered rates right and so capital started searching for a return on investment right best way to do it seemed to be railways right yeah whereas now it's like various companies that do things as a joke uh yes like uh bitcoin uh exactly yeah railways were sort of the bitcoin of their era locomotive with a big board ape on the front of it yes smoking for some reason so railways at britain were almost completely unregulated they were often highly unprofitable but uh everyone invested in them anyway right not just rich people but the sort of emerging middle class right because they had retail investors yeah they had access to like uh stock markets they uh there were a lot of newspapers now so people could advertise their railway project really easily right old robin hood swords trust me bro yeah absolutely incorporating a railway and petitioning parliament to authorize that railway was incredibly easy right um so by the NUMBER_TOKENs tens of thousands of miles of railway were authorized by parliament right and and some of those miles were even built wow yeah um
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