Turnpike trusts and the transportation revolution in 18th century England

There is a long debate in economic history about the causes of the transportation revolution and its economic impact. This paper examines the effects of turnpike trusts in 18th century England. Turnpike trusts were organizations that financed road improvements by levying tolls. They replaced the authority of parishes, which financed road improvements using local taxes. The analysis shows that turnpike trusts contributed to lower freight charges and passenger travel times. It also shows that turnpike trusts, generated a social savings of at least 0.5% of national income in 1800 and 1820.