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The role of slavery in driving Britain's economic development is
often debated, but seldom given a central place. In their
remarkable new book, Maxine Berg and Pat Hudson ‘follow the
money’ to document in revealing detail the role of slavery in the
making of Britain’s industrial revolution. Slavery was not just a
source of wealth for a narrow circle of slave owners who built
grand country houses and filled them with luxuries. The forces set
in motion by the slave and plantation trades seeped into almost
every aspect of the economy and society. In textile mills, iron and
copper smelting, steam power, and financial institutions, slavery
played a crucial part. Things we might think far removed from the
taint of slavery, such as eighteenth-century fashions for
indigo-patterned cloth, sweet tea, snuff boxes, mahogany furniture,
ceramics and silverware, were intimately connected. Even London’s
role as a centre for global finance was partly determined by the
slave trade as insurance, financial trading and mortgage markets
were developed in the City to promote distant and risky investments
in enslaved people. The result is a bold and unflinching account of
how Britain became a global superpower, and how the legacy of
slavery persists. Acknowledging Britain’s role in slavery is not
just about toppling statues and renaming streets. We urgently need
to come to terms with slavery’s inextricable links with Western
capitalism, and the ways in which many of us continue to benefit
from slavery to this day.
The Routledge Handbook of Global Economic History documents and
interprets the development of economic history as a global
discipline from the later nineteenth century to the present day.
Exploring the normative and relativistic nature of different
schools and traditions of thought, this handbook not only examines
current paradigmatic western approaches, but also those conceived
in less open societies and in varied economic, political and
cultural contexts. In doing so, this book clears the way for
greater critical understanding and a more genuinely global approach
to economic history. This handbook brings together leading
international contributors in order to systematically address
cultural and intellectual traditions around the globe. Many of
these are exposed for consideration for the first time in English.
The chapters explore dominant ideas and historiographical trends,
and open them up to critical transnational perspectives. This
volume is essential reading for both academics and students in
economic and social history. As this field of study is very much a
bridge between the social sciences and humanities, the issues
examined in the book will also have relevance for those seeking to
understand the evolution of other academic disciplines under the
pressures of varied economic, political and cultural circumstances,
on both national and global scales.
The Routledge Handbook of Global Economic History documents and
interprets the development of economic history as a global
discipline from the later nineteenth century to the present day.
Exploring the normative and relativistic nature of different
schools and traditions of thought, this handbook not only examines
current paradigmatic western approaches, but also those conceived
in less open societies and in varied economic, political and
cultural contexts. In doing so, this book clears the way for
greater critical understanding and a more genuinely global approach
to economic history. This handbook brings together leading
international contributors in order to systematically address
cultural and intellectual traditions around the globe. Many of
these are exposed for consideration for the first time in English.
The chapters explore dominant ideas and historiographical trends,
and open them up to critical transnational perspectives. This
volume is essential reading for both academics and students in
economic and social history. As this field of study is very much a
bridge between the social sciences and humanities, the issues
examined in the book will also have relevance for those seeking to
understand the evolution of other academic disciplines under the
pressures of varied economic, political and cultural circumstances,
on both national and global scales.
This volume of essays builds upon renewed interest in the long-run
global development of wealth and inequality stimulated by the
publication of Thomas Piketty's Capital in the Twenty-First
Century. It brings together an international team of leading
economic historians and economists to provide an overview of global
developments in the theory and reality of inequality and its
salience in the modern world order. The contributors take stock of
the key concepts involved in contemporary debates capital, wealth
and income distribution, economic development, private and
collective assets, financialization, global liberalisation and
evaluate the evidence for both common and contrasting historical
trends in national statistical data sources. To the developed
economies upon which Piketty drew are added contributions covering
Latin America, Africa, India and Japan, providing a global
perspective upon a global phenomenon. The book seeks to provide
readers with a deeper awareness and understanding of the
significance of inequality in economic development, the varying
pace and nature of economic change around the world, and the manner
in which this process of change affects the distribution of incomes
and wealth in diverse economies. The collection marks an important
step in the process of developing Piketty's analytical framework
and empirical material, overcoming some of their limitations and
helping to cement a lasting place for inequality in the future
agenda of economics and economic history.
Fully updated and carefully revised, this new 2nd edition of
History by Numbers stands alone as the only textbook on
quantitative methods suitable for students of history. Even the
numerically challenged will find inspiration. Taking a
problem-solving approach and using authentic historical data, it
describes each method in turn, including its origin, purpose,
usefulness and associated pitfalls. The problems are developed
gradually and with narrative skill, allowing readers to experience
the moment of discovery for each of the interpretative outcomes.
Quantitative methods are essential for the modern historian, and
this lively and accessible text will prove an invaluable guide for
anyone entering the discipline.
This volume of essays builds upon renewed interest in the long-run
global development of wealth and inequality stimulated by the
publication of Thomas Piketty's Capital in the Twenty-First
Century. It brings together an international team of leading
economic historians and economists to provide an overview of global
developments in the theory and reality of inequality and its
salience in the modern world order. The contributors take stock of
the key concepts involved in contemporary debates capital, wealth
and income distribution, economic development, private and
collective assets, financialization, global liberalisation and
evaluate the evidence for both common and contrasting historical
trends in national statistical data sources. To the developed
economies upon which Piketty drew are added contributions covering
Latin America, Africa, India and Japan, providing a global
perspective upon a global phenomenon. The book seeks to provide
readers with a deeper awareness and understanding of the
significance of inequality in economic development, the varying
pace and nature of economic change around the world, and the manner
in which this process of change affects the distribution of incomes
and wealth in diverse economies. The collection marks an important
step in the process of developing Piketty's analytical framework
and empirical material, overcoming some of their limitations and
helping to cement a lasting place for inequality in the future
agenda of economics and economic history.
Fully updated and carefully revised, this new 2nd edition of
History by Numbers stands alone as the only textbook on
quantitative methods suitable for students of history. Even the
numerically challenged will find inspiration. Taking a
problem-solving approach and using authentic historical data, it
describes each method in turn, including its origin, purpose,
usefulness and associated pitfalls. The problems are developed
gradually and with narrative skill, allowing readers to experience
the moment of discovery for each of the interpretative outcomes.
Quantitative methods are essential for the modern historian, and
this lively and accessible text will prove an invaluable guide for
anyone entering the discipline.
The Industrial Revolution has sometimes been regarded as a catastrophe which desecrated the English landscape and brought social oppression and appalling physical hardship to the workers. In Ashton's classic account, however, it is presented as an important and beneficial mark of progress. In spite of destructive wars and a rapid growth of population, the material living standards of most of the British people improved, and the technical innovations not only brought economic rewards but also provoked greater intellectual ingenuity. A new Preface by Pat Hudson surveys recent research in the areas focused on by Ashton and a completely updated bibliography ensures that, 50 years on, this book continues to be valued by students and specialists alike.
This book analyses the sources of finance used in the Yorkshire wool textile sector during a period of rapid expansion, considerable technical change and the gradual transformation from domestic and workshop production to factory industry. Although there has been much recent debate about capital investment proportions and their sources nationally, there is no other study of a region or section capable of testing various hypotheses current in the general literature of the British ‘industrial revolution’. How was capital amassed in proto-industry? How important were merchants in building factories? What role did landowners and the local banking sector? What influence did trade credit and fluctuations in trade credit have on the expansion of productive enterprise? How important was reinvestment and what determined both profitability and the extent to which it was ploughed back into business? The answers to these questions have value for all students of the industrialisation process, whilst the detailed material on Yorkshire is of interest for local study and provides a model of the questions which could be asked in other similar regional studies of the future.
This text examines the origins, purposes, methods and pitfalls of
quantitative approaches to history and introduces students to some
of the most commonly used tools and techniques, including
computer-aided research methods. It situates quantitative history
within the wider realm of, and debates surrounding, historical
methods. It emphasizes the historian's problems of gathering
reliable quantitative evidence and making decisions about suitable
techniques and the acceptability and interpretation of results.
Various methods used in the display and analysis of data are
clearly explained from the formation of various figures, graphs and
tables to regression, time series analysis, sampling theory and
practice, and economic methods. The book assumes no prior
statistical knowledge and includes a wide range of illustrative
material drawn from current historical research in social, economic
and political history.
This is an introduction to the Industrial Revolution which offers
an integrated account of the economic and social aspects of change
during the period. Recent revisionist thinking has implied that
fundamental change in economic, social and political life at the
time of the Industrial Revolution was minimal or non-existent. The
author challenges this interpretation, arguing that the process of
revision has gone too far; emphasizing continuity at the expense of
change and neglecting many historically unique features of the
economy and society. Elements given short shrift in many current
interpretations are reassigned their central roles. Pat Hudson is
Professor of Economics and Social History at the University of
Liverpool. This is an introduction to the Industrial Revolution
which offers an integrated account of the economic and social
aspects of change during the period. Recent revisionist thinking
has implied that fundamental change in economic, social and
political life at the time of the Industrial Revolution was minimal
or non-existent. The author challenges this interpretation, arguing
that the process of revision has gone too far, emphasizing
continuity at the expense of change and neglecting many
historically unique features of the economy and society. Elements
given short shrift in many current interpretations are reassigned
their central roles. "Students will find this volume demanding and
challenging, but their perceptions of both the Industrial
Revolution controversy and eighteenth- and nineteenth-century
social, economic and industrial history will emerge enlightened and
their interest in the period stimulated."--"Business History"
"Students will find this volume demanding and challenging, but
their perceptions of both the Industrial Revolution controversy and
eighteenth- and nineteenth-century social, economic and industrial
history will emerge enlightened and their interest in the period
stimulated."--"Business History"
"This is a textbook but one that can be read with profit by both
professionals and students... Hudson frequently succeeds in neatly
summarizing complex discussions. She brings her surveys of the
literature right up to date and her knowledge of recent work is
impressiven . . . a lively and well-written text."--"The Economic
History Review"
It is the contention of this book that industrialization in Britain
(and elsewhere) occurred first and foremost within regions rather
than in the nation as a whole and that attempts to understand the
'first industrial revolution' as a fundamentally important
economic, social and political process are best undertaken with the
regional perspective at centre stage. In Regions and Industries a
team of distinguished historians contribute a series of
interconnected essays illustrative of the richness and variety of
fundamental change at regional level. Each essay is focused around
a set of clearly articulated themes, concerning the relations
between agriculture, population, resources, communications and
cultures, and the changing national and international context
within which regional economies functioned. The volume provides a
comprehensive analysis of the existing theoretical and empirical
literature, and emphasizes again the need to evaluate aggregate
studies of 'national' variables in the light of contrasting
regional experiences.
The internal organisation of production before the development of the factory system is still shrouded in historical mystery. How goods were made before machines, how work was organised before the factory system, how artisans and labourers perceived and lived their work are questions to which we have only hesitant and tentative answers. Hitherto, historians have been too concerned with the emerging features of the modern industrial capitalist order to seek to understand how another and different economy and community worked in its own terms. The essays in this book are intended to begin to remedy this neglect.
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