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The year 1873 was one of financial crisis. A boom in railway construction had spurred a bull market—but when the boom turned to bust, transatlantic panic quickly became a worldwide economic downturn. In Transatlantic Speculations, Hannah Catherine Davies offers a new lens on the panics of 1873 and nineteenth-century globalization by exploring the ways in which contemporaries experienced a tumultuous period that profoundly challenged notions of economic and moral order. Considering the financial crises of 1873 from the vantage points of Berlin, New York, and Vienna, Davies maps what she calls the dual “transatlantic speculations” of the 1870s: the financial speculation that led to these...
The head of a large and prosperous family walks for no apparent reason into the path of an advancing express train; a disgraced Royal Navy officer and his heiress wife fail to make their fortune in 1870s South Carolina; a young girl, abused by her stepfather, grows up looking for love and someone she can trust; a modern young vicar with a relish for progress marries into a family still clinging to their Victorian certainties; Charlie Chaplin roams the mean streets of south London, while in Oxford William Morris destroys the life of an innocent young bluestocking; young soldiers go to war and are never seen again. This is an engrossing tale of a family that insists on correct behaviour and th...
This is an open access title available under the terms of a CC BY-NC-ND 4.0 International licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations. Networks of Modernity: Germany in the Age of the Telegraph, 1830-1880 offers a fresh perspective on the history of Germany by investigating the origins and impact of the 'communications revolution' that transformed state and society during the nineteenth century. It focuses upon the period 1830-1880, exploring the interactions between the many different actors who developed, administered, and used one of the most important technologies of the period-the electric telegr...
This book asks anew whether there really was European integration before 1914. By focussing on quantitative (economic indicators) and qualitative data (the international regulation of patents, communication networks, social policy and plant protection), the authors re-evaluate European integration of the time and address the politics of seemingly apolitical cooperation. The authors show that European integration was multifaceted and cooperation less the result of intent, than of incentives. National polities and international regimes co-shaped each other. The result is a book that achieves two things: offer stand-alone chapters that shed light on specific developments and – these read altogether – develop a bigger picture. It will be of interest to researchers and students of economic history, as well as those interested in the history of internationalism and globalisation.
Is there a moral economy of capitalism? The term "moral economy" was coined in pre-capitalist times and does not refer to economy as we know it today. It was only in the nineteenth century that economy came to mean the production and circulation of goods and services. At the same time, the term started to be used in an explicitly critical tone: references to moral economy were normally critical of modern forms of economy, which were purportedly lacking in morals. In our times, too, the morality of capitalism is often the topic of debate and controversy. "Moral Economies" engages in these debates. Using historical case studies from the eighteenth, nineteenth, and twentieth centuries the book ...
A leading economic historian presents a new history of financial crises, showing how some led to greater globalization while others kept nations apart The eminent economic historian Harold James presents a new perspective on financial crises, dividing them into “good” crises, which ultimately expand markets and globalization, and “bad” crises, which result in a smaller, less prosperous world. Examining seven turning points in financial history—from the depression of the 1840s through the Great Depression of the 1930s to the Covid-19 crisis—James shows how crashes prompted by a lack of supply, like the oil shortages of the 1970s, lead to greater globalization as markets expand and...
Introduction : three centuries of financial advice -- Making the market (1720-1800) -- Navigating the market (1800-1870) -- Playing the market (1870-1910) -- Chartists and fundamentalists (1910-1950) -- Domestic budgets and efficient markets (1950-1990) -- Gurus and robots (1990-2020) -- Conclusion : investing through the crisis.
Foreign policy is a tricky business. Typically, challenges and proposed solutions are perceived as disparate unless a leader can amass enough support for an idea that creates alignment. And because the prime minister is typically the one proposing that idea, Canadian foreign policy can be analyzed through the actions of these leaders. Statesmen, Strategists, and Diplomats explores how prime ministers from Sir John A. Macdonald to Justin Trudeau have shaped foreign policy by manipulating government structures, adopting and rejecting options, and imprinting their personalities on the process. Contributors consider the impact of a wide range of policy decisions – increasing or decreasing department budgets, forming or ending alliances, and pursuing trade relationships – particularly as these choices affected the bureaucracies that deliver foreign policy diplomatically and militarily. This innovative focus is destined to trigger a new appreciation for the formidable personal attention and acuity involved in a successful approach to external affairs.
A leading historian exposes how the rise and tragic failure of the Freedman’s Bank has shaped economic inequality in America. In the years immediately after the Civil War, tens of thousands of former slaves deposited millions of dollars into the Freedman’s Bank. African Americans envisioned this new bank as a launching pad for economic growth and self-determination. But only nine years after it opened, their trust was betrayed and the Freedman’s Bank collapsed. Fully informed by new archival findings, historian Justene Hill Edwards unearths a major turning point in American history in this comprehensive account of the Freedman’s Bank and its depositors. She illuminates the hope with ...