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Vanderbilt, Hill, Morgan, and Harriman were America's industrial princes, planning to link American railroads and a shipping cartel with a railroad line through China and Russia, then into Europe, and create: the Transportation Kings. Poised for great accomplishment, their story ends in the sinking of the Titanic and bitter failure.
The concept was simple, to link American railroads and global dominance of the seas with a railroad line through China and Russia, enter the back door of Europe, and create new royalty: the Transportation Kings. Vanderbilt, Hill, Morgan, and Harriman all pursued the grand dream. They were America’s industrial princes, poised for their greatest accomplishments, only to find that they had not considered the gauntlet awaiting them in the courts of kings and Kaisers, parliaments and congress. They awoke John Bull and helped precipitate revolution in China. They brought about the building of Lusitania and, in reaction, they owned and built the Titanic. We all know how the disaster story ends; this is how the story came about.
The Yearbook of Transnational History is dedicated to disseminating pioneering research in the field of transnational history. This inaugural volume provides readers with articles on topics such as soccer, travel, music, and social policy. These articles highlight the movement of ideas, people, policies, and practices across various cultures and societies and explore the relations and connections, and spaces created by these movements. These articles make clear that historical phenomena from travel to music cannot be contained and explained within just one national setting. The volume offers, further, a number of theoretical and methodological articles that provide insights into the concept of transnational history and the approach of intercultural transfer studies. Last but not least, the volume also includes a number of review articles. These review articles provide an examination of books central to teaching transnational history as well as a historiographical exploration of the impact of transnational history on the field of sports history.
This book examines the transgressions of the credit rating agencies before, during and after the recent financial crisis. It proposes that by restricting the agencies’ ability to offer ancillary services there stands the opportunity to limit, in an achievable and practical manner, the potentially negative effect that the Big Three rating agencies – Standard & Poor’s, Moody’s and Fitch – may have upon the financial sector and society moreover. The book contains an extensive and in-depth discussion about how the agencies ascended to their current position, why they were able to do so and ultimately their behaviour once their position was cemented. This work offers a new framework for the reader to follow, suggesting that investors, issuers and the state have a ‘desired’ version of the agencies in their thinking and operate upon that basis when, in fact, those imagined agencies do not exist, as demonstrated by the ‘actual’ conduct of the agencies. The book primarily aims to uncover this divergence and reveal the ‘real’ credit rating agencies, and then on that basis propose a real and potentially achievable reform to limit the negative effects that result from poor performance in this Industry. It addresses the topics with regard to financial regulation and the financial crisis, and will be of interest to legal scholars interested in the intersection between business and he law as well as researchers, academics, policymakers, industry and professional associations and students in the fields of corporate law, banking and finance law, financial regulation, corporate governance and corporate finance.
When U.S. presidents clash with corporate titans, what tips the balance of power? In The Power and the Money, acclaimed presidential historian Tevi Troy takes readers on a riveting journey through the biggest battles between CEOs and the nation’s commander in chief. He unearths the untold stories – both political and personal – that have shaped America. Troy shows how the vast reach of the federal government become a critical fact of life for every business, entrepreneur, and innovator. Today, companies find themselves navigating a competitive landscape defined by stringent regulations, so top CEOs and key business leaders must influence the legislative and regulatory system. As public affairs teams and government relations experts put forward strategies to survive Washington, CEOs have become the most important warrior on the frontlines. The Power and the Money shows how some of the nation’s most important CEOs forged (and fumbled) relationships with the president. Troy also shows how the most powerful man in the world depends on CEOs. CEOs provide assistance in the form of personnel, policy insights, and campaign cash, but they also become essential foils for presidents, serving as both allies and convenient enemies. The Power and the Money reveals an intricate web of power, where CEOs need presidents, and presidents need CEOs. Troy shows how each must step carefully – or risk unpredictable costs and collateral damage. From heavyweights John D. Rockefeller and Mark Zuckerberg to Katherine Graham, Elon Musk, and more, Troy takes readers inside the friendships and the conflicts that shook the American economy and re-shaped America. Drawing on his experiences as bestselling historian and former senior White House aide, Troy offers unique insights and details that shed light on the growing, intertwining behemoths of government and big business – and what it means for the future of our nation.