It turns out, and here I am just showing my lack of culture, and specifically the fact that I didn't read or have Wind in the Willows read to me, that Mr. Toad follows exactly this path. Beginning with a horse caravan (a Victorian fad I completely missed above), he moves on to his notorious automobile-born adventures. Finally, the questionable "Scouring of the Shire" conclusion in which the "Wild Wood" hoi polloi are expelled from the family seat. A perfectly understandable plot point in a child's novel, it becomes questionable when seen as a political allegory, and it might reflect the kind of anxieties which Joseph Chamberlain set out to embody.
"sugar is gone; silk has gone; iron is threatened; wool is threatened; cotton will go! How long are you going to stand it? At the present moment these industries...are like sheep in a field." None of the lost industries are "workshop to the world" sorts of things, and all except iron and (to some extent) wool are re-export industries. What I'm saying here is that the panic, as I reconstruct it, is compatible with "Dutch Disease," and that the real problem is that the pound is trading too high. The less re-exporting an industry does, the better it will do in this regime, and that is actually pretty good news for the "high tech" industries.
Let's look at the safety bicycle, using an image I stole from the BBC, hopefully not too unethically, since I am now going to link to their "A History of the World" in objects page. Everyone thinks that the Rover Safety Bicycle is important! The BBC is all on about social mobility and safety and such-like humanitarian things, while I look at this structure of bent (unnecessarily!) steel tubes and that pneumatic tyre and see a revolution in the way things are done. A technological revolution! The best kind!
Steel tubes are surprisingly hard to make. the inside surface tends to get scratched up, and then you get rust from the inside out. Or they come apart at the seam. Riflemaking is a good entre to figureing out these tricks. Assuming that you've got the art down, you don't have to make bicycles with them. You can sell your tubing in standard lengths, and all the customer has to do is put in the machinery to cut them to length cleanly and bend them smoothly. They're kind of like timber, in the sense that the yard sells it by the length to the woodworking shop.