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- Title
Applying the life-cycle theory: The rise and fall of railways.
- Authors
Tomes, Zdenek
- Abstract
The article presents a study which examines the development of railways in 19th century and its fall after the First World War in the context of life-cycle theory. It mentions that railway was the dominant way of transportation during the era and it brought significant changes in the society and the economy. However, everything has changed after World War I. It states that railways were destroyed and buses, cars, and trucks were created. Moreover, the situation was worsened after World War II wherein major railways were ruined and air and road transport have existed. The analysis suggests that the rise and fall of the industry lies in the changing structure of the economy, road competition, and consumer preferences. It emphasizes that the inflexibility of railways has induced the decline.
- Subjects
ECONOMIC competition; RAILROADS; NINETEENTH century; PRODUCT life cycle; AUTOMOTIVE transportation; COMMERCIAL aeronautics; ECONOMIC structure; CONSUMER preferences; WORLD War I; WORLD War II
- Publication
Journal of Transport History, 2008, Vol 29, Issue 1, p120
- ISSN
0022-5266
- Publication type
Article
- DOI
10.7227/TJTH.29.1.10