In the wake of the financial crisis in 2008, historians have turned with renewed urgency to understanding the economic dimension of historical change. In this collection, nine scholars present original research into the historical development of money and credit during the nineteenth and twentieth centuries and explore the social and cultural significance of financial phenomena from a global perspective. Together with an introduction by the editors, chapters emphasize themes of creditworthiness and access to credit, the role of the state in the loan market, modernization, colonialism, and global connections between markets. The first section of the volume, "Creditworthiness and Credit Risks," examines microfinancial markets in South India and Sri Lanka, Brazil, and the United States, in which access to credit depended largely on reputation, while larger investors showed a strong interest in policing economic behavior and encouraging thrift among market participants. The second section, "The Loan Market and the State," concerns attempts by national governments to regulate the lending activities of merchants and banks for social ends, from the liberal regime of nineteenth-century Switzerland to the far more statist policies of post-revolutionary Mexico, and U.S. legislation that strove to eliminate discrimination in lending. The third section, "Money, Commercial Exchange, and Global Connections," focuses on colonial and semicolonial societies in the Philippines, China, and Zimbabwe, where currency reform and the development of organized financial markets engendered conflict over competing models of economic development, often pitting the colony against the metropole. This volume offers a cultural history by considering money and credit as social relations, and explores how such relations were constructed and articulated by contemporaries. Chapters employ a variety of methodologies, including analyses of popular literature and the viewpoints of experts and professionals, investigations of policy measures and emerging social practices, and interpretations of quantitative data.

Telegraphy in the nineteenth century approximated the internet in our own day. Historian and electrical engineer David Hochfelder offers readers a comprehensive history of this groundbreaking technology, which employs breaks in an electrical current to send code along miles of wire. "The Telegraph in America, 1832-1920," examines the correlation between technological innovation and social change and shows how this transformative relationship helps us to understand and perhaps define modernity.

The telegraph revolutionized the spread of information--speeding personal messages, news of public events, and details of stock fluctuations. During the Civil War, telegraphed intelligence and high-level directives gave the Union war effort a critical advantage. Afterward, the telegraph helped build and break fortunes and, along with the railroad, altered the way Americans thought about time and space. Hochfelder thus supplies us with an introduction to the early stirrings of the information age.

The fifth volume of "The Papers of Thomas A. Edison" covers Edison's invention and development of the first commercial incandescent electric light and power system. In the process he turned his famed Menlo Park laboratory into the first true research and development facility. This also enabled him to develop a new telephone for the British market in the midst of his herculean efforts on electric lighting.

In the face of daunting technical challenges and skepticism from leading scientists and engineers, Edison and his team of experimenters and machinists found the solution to the decades-old problem of creating a practical incandescent lamp. By focusing on the characteristics of the entire system Edison reconceptualized the requirements of a successful lamp design. While rivals worked primarily on lamps, Edison developed other parts of a complete system as well. This approach was most notable in his revolutionary work on generator technology, one of the highlights of this volume. Successful exhibitions of the system in December 1879 drew crowds to Menlo Park to witness the softly glowing lamps. These spectacles gratified his financial backers but Edison realized the importance of following experimental demonstrations with the hard work of commercial development. He needed to make each component work effectively in daily use and to improve the designs so that they were easy to use and inexpensive to manufacture. To create a daytime market for electricity he also developed electric motors for a variety of uses, including electric railways, for which he built a small demonstration line at Menlo Park. To accomplish all this Edison greatly enlarged his staff to as many as sixty experimenters, machinists, carpenters, and office workers. He began manufacturing lamps at a factory in Menlo Park. At the end of 1880, Edison was ready to move his system into commercial production and made plans to produce other components in New York. He also invited New York officials to a demonstration in order to win their approval for running underground lines in lower Manhattan where he planned to put his first commercial central station. In March 1881, he moved to the Edison Electric Light Company's headquarters on Fifth Avenue and began the hard work of introducing the new electric light and power technology.

Telegraphy in the nineteenth century approximated the internet in our own day. Historian and electrical engineer David Hochfelder offers readers a comprehensive history of this groundbreaking technology, which employs breaks in an electrical current to send code along miles of wire. The Telegraph in America, 1832-1920 examines the correlation between technological innovation and social change and shows how this transformative relationship helps us to understand and perhaps define modernity. The telegraph revolutionized the spread of information-speeding personal messages, news of public events, and details of stock fluctuations. During the Civil War, telegraphed intelligence and high-level directives gave the Union war effort a critical advantage. Afterward, the telegraph helped build and break fortunes and, along with the railroad, altered the way Americans thought about time and space. With this book, Hochfelder supplies us with an introduction to the early stirrings of the information age.