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Books > Humanities > History > History of specific subjects > Economic history
We live in a world in which financial markets have become completely decoupled from the real economy… The world’s four largest banks now all reside in one nation: China… Lines of code are considered more trustworthy than central banks… In this broad-ranging, deeply researched review of modern banking and financial systems, analysts David Buckham, Robyn Wilkinson and Christiaan Straeuli unpick in parallel the ongoing erosion of trust in capitalist free markets and Western democratic institutions, and the directly related, unprecedented growth of the Chinese banking system. The former is a decades-long tale of intermittent market manipulation, inadequately regulated hubris and outright criminality, which produced the Global Financial Crisis, the most devastating financial meltdown since the Great Depression. The latter, which in various ways mirrors the conditions that led to the Crisis, may well prove worse. In detailing the unheeded lessons of financial history, the authors reveal how the inconsistently managed tension between free markets and government regulation has led us from depression and regulation to deregulation and crisis. And with incursions into string theory, the mathematics of cryptocurrency and the intricacies of money supply, we discover what happens when an authoritarian command economy fills the moral and ideological vacuum left behind. In a post-Covid world – in which we are witnessing booming stock markets entirely disconnected from real-world economic hardship, and communist billionaires propagating just as global inequality skyrockets – public trust in the international banking system has never been lower. This is an unprecedented survey of a fraught and complex landscape that has never been more urgent.
This book focuses on the Canaanite-Phoenician economic systems that predominated in and determined Mediterranean history. Phoenician trade networks were sophisticated and elaborate operations that required a highly developed society and institutions in order to spread and be maintained. By tracking the manufacture, use, and shipment routes of Phoenician products, primarily those traded in amphorae and bottles but also fine-ware and their associated assemblages, a new map of Mediterranean connectivity and interrelations emerges, whose routes, operations and cultural affiliation lasted a long time. The Phoenician trade-nets are presented geographically, with special attention paid to the traceable product networks involving wine, salted fish, or perfumed oils.
Most scholars agree that during the sixteenth century, the centre of European international trade shifted from Antwerp to Amsterdam, presaging the economic rise of the Dutch Republic in the following century. Traditionally this shift has been accepted as the natural consequence of a dynamic and progressive city, such as Amsterdam, taking advantage of expanding commercial opportunities at the expense of a more conservative rival hampered by outmoded medieval practices. Yet, whilst this theory is widely accepted, is it accurate? In this groundbreaking study, Cle Lesger argues that the shift of commercial power from Antwerp to Amsterdam was by no means inevitable, and that the highly specialized economy of the Low Countries was more than capable of adapting to the changing needs of international trade. It was only when the Dutch Revolt and military campaigns literally divided the Low Countries into separate states that the existing stable spatial economy and port system fell apart, and a restructuring was needed. Within this process of restructuring the port of Amsterdam acquired a function radically different to the one it had prior to the division of the Netherlands. Before the Revolt it had served as the northern outport in a gateway system centred on Antwerp, but with access of that port now denied to the new republic, Amsterdam developed as the main centre for Dutch shipping, trade and - crucially - the exchange of information. Drawing on a wide variety of neglected archival collections (including those of the Bank of Amsterdam), this study not only addresses specific historical questions concerning the commercial life of the Low Countries, but through the case study of Amsterdam, also explores wider issues of early modern European commercial trade and economic development.
Economic Historians generally consider the international economy through the lens of the most economically powerful nations. This Western perspective distorts the true picture of how the international economy operates. The International Economy and the Undeveloped World seeks to redress this fundamental bias and argues that Africa and Asia have a dramatic impact on the economies of the wealthier nations. This volume concentrates on the role of developing nations in the 50 years preceding the first world war. These regions, it argues, were instrumental in the evolution of the world economy. Indeed it could not have evolved in the manner that it did without them. Latham points to the fact that the so-called free-trade era was unsustainable without the developing countries, without which Europe and America would have had to make fundamental readjustments. This book was first published in 1978.
Usual interpretations of the Depression stress the disruption in Europe caused by the Versailles Settlement, and the downswing in the United States centred on the Wall Street Crash. This book, however, suggests that the situation in Asia was as important as the situation in Europe or the USA. The book examines the economic experience of Asia and Africa from 1914 to 1939 and looks at the influence of the developed world upon these two continents, showing how events there affected the entire international economy. In particular it suggests that the economic progress of the 1920s caused the depression by creating overproduction of foodstuffs and raw materials. The communications improvements of these years are examined in detail, and the complex problems of the monetary systems of the developing countries are outlined together with the flow of capital to these areas, and its reversal in the 1930s. In the discussion on trade, the disappearance of Britain's surplus with these countries is stressed, as it weakened her international trading balance and contributed to the collapse of the Sterling in 1931. First published in 1981, the book concludes that the overproduction of rice coupled with overproduction of wheat, forced down prices, thus causing the international agricultural depression. In turn, farm incomes fell and demand for industrial goods was destroyed across the world.
This book looks at London's provision of financial and military support for parliament's war against King Charles I. It explores for the first time a series of episodic, circumstantial and unique mobilisations that spanned from late 1641 to early 1645 and which ultimately led to the establishment of the New Model Army. Based on research from two-dozen archives, Civil war London charts the successes and failures of efforts to move London's vast resources and in the process poses a number of challenges to longstanding notions about the capital's 'parliamentarian' makeup. It reveals interactions between London's Corporation, parochial communities and livery companies, between preachers and parishioners and between agitators, propagandists and common people. Within these tangled webs of political engagement reside the untold stories of the movement of money and men, but also of parliament's eventual success in the English Civil War. -- .
First Published in 2005. Routledge is an imprint of Taylor & Francis, an informa company.
Presenting a full and precise description of all legal ties between
landlord and tenant in early modern England, "Agrarian Problems in
the Sixteenth Century and After" re-examines one of the key issues
in English agrarian history - the question of the legal security of
the copyholder.
Wilhelm Abel's study of economic fluctuations over a period of
seven hundred years has long been established as a core text in
European agricultural history. Professor Abel was one of the first
economic historians to make extensive use of statistical data, and
his scholarship and approach have had a decisive effect on the
orientation of economic and agricultural history.
Profound Changes took place in British Agriculture between 1875 and
1914. After the prosperous years of the mid-nineteenth century came
a period of difficulty for landowners and farmers, with falling
prices, lower rents and untenanted farms. Previously attributed to
bad seasons and increased food imports, this book questions whether
the unexpected depression was rather the evolutionary upheaval of a
system forced reluctantly into change.
The decline of Venice remains one of the classic episodes in the
economic development of modern Europe. Its contrasts are familiar
enough: the wealthiest commercial power in fifteenth-century
Europe, the strongest western colonial power in the eastern
Mediterranean, found its principal fame three centuries later in
carnival and the arts. This metamorphosis from commercial hegemony
to fashionable pleasure and landed wealth was, however, a complex
process. It resulted not so much from the Portuguese voyages of
discovery at the beginning of the sixteenth century as from
increasing Dutch adn English competition at its end, and from
industrial competition chiefly from beyond the Mediterranean.
In 1929 two French historians, Lucien Febvre and Marc Bloch,
founded "Annales, "a historical journal which rapidly became one of
the most influential in the world. They believed that economic
history, social history and the history of ideas were as important
as political history, and that historians should not be narrow
specialists but should learn from their colleagues in the social
sciences.
First Published in 2005. Routledge is an imprint of Taylor & Francis, an informa company.
First Published in 2005. A history of the English Corn Laws 1660-1846 is part of the studies in Economic and Social History series and looks at how the Corn Laws regulated the internal trade, exportation and importation and market development from the twelfth to the eighteenth centuries.
First published in 1967, this superb collection of essays on
trade in the Middle Ages has been a major contribution to modern
medieval studies. Professor Carus-Wilson examines:
* fifteenth-century Bristol
Each paper is firmly rooted in original research and contemporary sources such as customs returns and company minutes, and, in addition, her expose of the dubious accuracy of Aulnage accounts is widely recognised as a classic.
This book presents a detailed account of the co-operative
practice of agriculture in medieval England, shedding much light on
how medieval villagers governed their own affairs. During this
period co-operation was essential in ploughing, sowing and reaping,
with communal control of the pasturing of the fallow and stubble.
These practices were set out in customary by-laws which were agreed
to by common consent and villages themselves were greatly involved
with their enactment and enforcement. In the course of time, many of the by-laws were put into writing. Professor Ault has travelled extensively throughout England collecting and researching these agrarian ordinances and translating them into modern English. Since it was first published in 1972 this analysis has provided new insight into the organizational structure and governance of medieval villages in England and is essential reading for all those interested in the history of the Middle Ages.
First published in 2005. This original study the author writing in 1936 has tried to sketch the character and general movement of the economic and social evolution of Western Europe from the end of the Roman Empire to the middle of the fifteenth century.
First Published in 2005. Routledge is an imprint of Taylor & Francis, an informa company.
The Worshipful Company of Weavers, the oldest of all the London
Livery Companies, can trace its origins to a twelfth-century craft
guild. Largely based upon original records never before studied in
depth, this authorized history of the company covers the period
from the end of the reign of Elizabeth I to modern times.
This independent and critical study in economic and social
history is based on free access to the records of W.D. & H.O.
Wills. Dr Alford traces the history of the firm from its origin to its
transformation into a constituent part of a larger company. Having
played such a leading role in the development of the UK tobacco
industry, Willis' book is more than the history of a single firm,
it also provides an important study of a leading consumer goods
industry. Drawing on aspects of economic theory, the author
examines the firm's development in the light of general aspects of
business history. This major study was first published in 1973.
First published in 1976, this much acclaimed book looks at the
story of how today's large corporations have superseded the small
competing firms of the nineteenth century. The long-run analysis
confirms that the crucial periods in the formulation of the modern
corporate system were the 1920's and 1960's. The merger wave of
these decades was associated with a desire to improve the
efficiency of Britain's industrial organization, and the author
shows that it was in a large measure responsible for the trend
improvement (by historical if not international standards) in
Britain's growth performance. Students of business, economic history and industrial economics will all welcome the return to print of a notable contribution to the continuing debate on the evolution and control of the corporate manufacturing sector.
Although the Anti-Corn Law league played a most important part
in the politics of the 1840's, there is no modern study of its
activities and organization. Based on several years work on the
original sources, as well as papers belonging to George Wilson,
President of the League for most of its life, this book sheds light
on the internal history and organization of the League. Written from a political perspective, Dr McCord describes the
origin, organization and activities of the League, together with
its effect on the contemporary political scene, and as such, fills
an important gap in our knowledge of the political history of early
Victorian England. At the same time, the book provides an analysis
of an unusually well-documented political pressure group, making it
a most welcome addition to literature for historians and economic
historians, as well as students of political science. This book was first published in 1958.
Contents of this book are as follows: Introduction; Chapter 1 - The crisis of 1815; Chapter 2 - The crisis of 1825; Chapter 3 - The crisis of 1836-1839; Chapter 4 - The crisis of 1847; Chapter 5 - The crisis of 1857; Chapter 6 - The crisis of 1866; Chapter 7 - The crisis of 1873; Chapter 8 - The crisis of 1882; Chapter 9 - The crisis of 1890; and Chapter 10 - Remedies.
This fascinating collection presents industrialization as a total historical process involving the destruction of one world simultaneously with the creation of another. Divided into two sections, it deals with elements of life such as the organization of labour, the health of the nation, rural and industrial societies, and poverty. The first section (The Expanding Economy) outlines the process by which economic growth took place and the second (The Social Impact) shows the impact this growth had on the society which both promoted and resisted it. |
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