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.

A major new translation of the explosive book that transformed our world Karl Marx (1818–1883) was living in exile in England when he embarked on an ambitious, multivolume critique of the capitalist system of production. Though only the first volume saw publication in Marx’s lifetime, it would become one of the most consequential books in history. This magnificent new edition of Capital is a translation of Marx for the twenty-first century. It is the first translation into English to be based on the last German edition revised by Marx himself, the only version that can be called authoritative, and it features extensive commentary and annotations by Paul North and Paul Reitter that draw on the latest scholarship and provide invaluable perspective on the book and its complicated legacy. At once precise and boldly readable, this translation captures the momentous scale and sweep of Marx’s thought while recovering the elegance and humor of the original source. For Marx, our global economic system is relentlessly driven by “value”—to produce it, capture it, trade it, and most of all, to increase it. Lifespans are shortened under the demand for ever-greater value. Days are lengthened, work is intensified, and the division of labor deepens until it leaves two classes, owners and workers, in constant struggle for life and livelihood. In Capital, Marx reveals how value came to tyrannize our world, and how the history of capital is a chronicle of bloodshed, colonization, and enslavement. With a foreword by Wendy Brown and an afterword by William Clare Roberts, this is a critical edition of Capital for our time, one that faithfully preserves the vitality and directness of Marx’s German prose and renders his ideas newly relevant to modern readers.

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.

This impressive collection offers the first systematic global and comparative history of textile workers over the course of 350 years. This period covers the major changes in wool and cotton production, and the global picture from pre-industrial times through to the twentieth century. After an introduction, the first part of the book is divided into twenty national studies on textile production over the period 1650-2000. To make them useful tools for international comparisons, each national overview is based on a consistent framework that defines the topics and issues to be treated in each chapter. The countries described have been selected to included the major historic producers of woollen and cotton fabrics, and the diversity of global experience, and include not only European nations, but also Argentina, Brazil, China, Egypt, India, Japan, Mexico, Turkey, Uruguay and the USA. The second part of the book consists of ten comparative papers on topics including globalization and trade, organization of production, space, identity, workplace, institutions, production relations, gender, ethnicity and the textile firm. These are based on the national overviews and additional literature, and will help apply current interdisciplinary and cultural concerns to a subject traditionally viewed largely through a social and economic history lens. Whilst offering a unique reference source for anyone interested in the history of a particular country's textile industry, the true strength of this project lies in its capacity of international comparison. By providing global comparative studies of key textile industries and workers, both geographically and thematically, this book provides a comprehensive and contemporary analysis of a major element of the world's economy. This allows historians to challenge many of the received ideas about globalization, for instance, highlighting how global competition for lower production costs is by no means a uniquely modern issue, and has b

A highly distinguished team of contributors addresses the complex and crucial role of finance in European history during the period 1880-1960.

This book examines the process by which a capitalist society emerged in Bradford. Although Bradford represents an unusual social environment where industrial development began very early and proceeded very fast, its history discloses with unusual force and clarity a process that was more gradually transforming the wider society of nineteenth-century Britain and that subsequently spread throughout the world.

Understanding the Industrial Revolution is a fresh, new exploration of this economic phenomenon of major importance. It describes theories of economic growth, shows how these can be applied to the revolution and discusses them in the light of modern research. Furthermore, it places the debate surrounding the social effects of industrialisation into the context of economic change during the period. This book includes discussion of: * theories on the supply of capital * role of labour * innovation and entrepreneurship * the significance of transport * the impact of industrialisation on living standards. Each aspect of the Industrial Revolution in Britain is discussed in depth, focusing on the important debates and reviewing the most recent research.

This book traces the diffusion trajectory of the second and third generation of British steam engines, the Watt and high-pressure models, covering the period 1774 to 1870. It begins by subjecting to econometric analysis the latest version of Dr. Kanefsky's database on 18th century steam engines coming up with an upward revision of the total amount of horsepower installed by 1800. Subsequent chapters delve into the determinants of the diffusion process through the third quarter of the 19th century relating to engines used both in mining and industry as well as transportation (railways, steam cars). The book's main contribution to the literature lies in drawing material from a very large volume of 18th- and 19th-century sources found in the Dibner Library of Rare Books, Smithsonian, and by utilizing a fair amount of technical literature pertaining to the economic factors driving the diffusion process. This great expansion of the empirical material has led to bringing multiple revisions to the work of other authors on the key aspects and determinants of the diffusion process. In conjunction with the publication by the author of an earlier monograph on the first generation of steam engines, the Newcomen model, the present study completes the task of offering the most comprehensive account of the preeminent and most strategic technology of the British Industrial Revolution. This book will appeal to students, scholars, and researchers of economic history and history of technology, interested in a better understanding of the industrial revolution in general and the role of British steam engines in particular.

An account of the rise of banking since the Middle Ages and its place in the modern international economy, first published in 1997.

This accessible study investigates the role of banks in the finance of British industry, an issue which has long been the subject of dispute. From one perspective the history of British finance is one of success: from the late nineteenth century the City of London was the leading financial centre in the international economy. Yet there has been much disquiet over the level of support that banks have given to British Industry, particularly when Britain's economic hegemony was challenged at the end of the nineteenth century, and during the malaise which followed the First World War. Michael Collins weighs the conflicting arguments. Is there evidence of failure in the money markets? Has the estrangement of financial and industrial capital hindered Britain's economic development? He places these and other questions in historical context and provides a survey of literature on this contentious subject.