The first bit of infrastructure that gets put in produces huge economic benefits.
Back in 1760, it made economic sense to have canals dug by hand because they were so much more efficient than transporting coal by horse and cart. It was incredibly expensive, but the thing that came before it was even moreso.
And in the 1830s, private investors could expect to make a profit building a railway because it as so much faster. And compared to hand-digging a canal, the costs weren't that bad! It was incredibly expensive, but the thing that came before it was even moreso.
Back in 1760, it made economic sense to have canals dug by hand because they were so much more efficient than transporting coal by horse and cart. It was incredibly expensive, but the thing that came before it was even moreso.
And in the 1830s, private investors could expect to make a profit building a railway because it as so much faster. And compared to hand-digging a canal, the costs weren't that bad! It was incredibly expensive, but the thing that came before it was even moreso.