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Did Turnpike Trusts Increase Transportation Investment in Eighteenth-Century England?

Published online by Cambridge University Press:  16 June 2005

DAN BOGART
DAN BOGART
Affiliation:
Assistant Professor, Department of Economics, University of California, Irvine, 3151 Social Science Plaza, Irvine, California 92697-5100. E-mail: [email protected]
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Abstract

Turnpike trusts were private organizations that financed road improvements by levying tolls and issuing mortgage debt. They were established by Acts of Parliament throughout the seventeenth, eighteenth, and early nineteenth centuries. The acts transferred authority from parishes to a body of trustees, composed of local landowners and merchants. Parishes financed road improvements with local property taxes; but they could not levy tolls. This article uses a new data set to show that turnpike trusts increased road expenditure, rather than replacing existing or forthcoming parish expenditure. It also illustrates how institutional changes contributed to the process of economic development in England.

Type
ARTICLES
Information
The Journal of Economic History , Volume 65 , Issue 2 , June 2005 , pp. 439 - 468
Copyright
© 2005 The Economic History Association

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