A central development during the Victorian era was the rise of rail transport. The new railways all allowed goods, raw materials, and people to be moved about, rapidly facilitating trade and industry. The financing of railways became an important specialty of London's financiers. They retained an ownership share even while turning over management to locals; that ownership was largely liquidated in 1914–1916 to pay for the World War. Railroads originated in England because industrialists had already discovered the need for inexpensive transportation to haul coal for the new steam engines, to supply parts to specialized factories, and to take products to market. The existing system of canals was inexpensive but was too slow and too limited in geography. The railway system led to a reorganisation of society more generally, with "railway time" being the standard by which clocks were set throughout Britain; the complex railway system setting the standard for technological advances and efficiency.