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This was a time where the State still had control on its creation. Throughout the 19th and 20th century, the corporation's power was extended through a series of legislation changes pushed by anxious businessmen. The concept of "limited liability" was introduced in the mid-19th century when the railway industry was booming. The creation of railways required more capital than previous projects and stocks began being sold to the general public and not just the wealthy to which they had previously been constrained. Poor labourers who invested small amounts in stocks were however now being held liable for the massive undertaking of a railroad and risked losing all of their belongings in the occasion of failure...
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