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In the early 1920s, the Metropolitan placed an order with Metropolitan-Vickers of Barrow-in-Furness for rebuilding the twenty electric locomotives. When work started on the first locomotive, it was found to be impractical and uneconomical and the order was changed to building completely new locomotives using some equipment recovered from the ...
The 1920s also saw the introduction of the GWR's most famous locomotives – the Castle and King classes developed by C. B. Collett. The 1930s brought hard times, and the records set by the Castles and Kings were surpassed by other companies, but the company remained in relatively good financial health despite the Depression .
The "Big Four" were joint-stock public companies. During the 1920s and 1930s, rising competition from road transport reduced revenues, leading to a lack of investment and thus a period of slow decline. The "Big Four" cooperated closely during the Second World War and continued to run the railway system up until 31 December 1947.
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In 1933, the London Passenger Transport Board was created to coordinate transport over a large area of south-east England. The road network was modernised with a network of arterial roads being constructed in the 1920s. Major infrastructure projects were completed in the interwar years.
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The transport system now known as the London Underground began in 1863 with the Metropolitan Railway, the world's first underground railway. Over the next forty years, the early sub-surface lines reached out from the urban centre of the capital into the surrounding rural margins, leading to the development of new commuter suburbs.