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The book, first published in 1977, contrasts new and older approaches to the history of transport and outlines a critical exposition of the methods used to quantify the contribution of railways to economic growth by means of counterfactual speculation and the measurement of social savings. The author also outlines and appraises an alternative measure of the impact of railways, namely the social rate of return on capital invested in railways. The final chapters are concerned with the effects on growth generated by the construction and diffusion of railways through expenditure on labour, capital goods and industrial inputs and through their effects on the integration of markets, and patterns of location.
The book, first published in 1977, contrasts new and older approaches to the history of transport and outlines a critical exposition of the methods used to quantify the contribution of railways to economic growth by means of counterfactual speculation and the measurement of social savings. The author also outlines and appraises an alternative measure of the impact of railways, namely the social rate of return on capital invested in railways. The final chapters are concerned with the effects on growth generated by the construction and diffusion of railways through expenditure on labour, capital goods and industrial inputs and through their effects on the integration of markets, and patterns of location.
First published in 1987, this is a reissue of the first book to offer a detailed comparison of two of the foremost stock exchanges in world before 1914. It is not only an exercise in comparative economic history but it also relates these institutions to wider world markets, thereby clarifying their functions and how they related to the general financial and economic framework. Students and researchers in economic and social history will welcome the reissue of this groundbreaking account of two historically important institutions in a crucial period of their development. Financial practitioners and others will also find much of interest here, in terms of both fascinating history and of insights into an era when a global market was rapidly evolving largely free of the twentieth-century distortions and hindrances introduced by wars, interventionist governments and exchange controls.
First published in 1985, this Atlas uses over 50 specially drawn maps to trace the rise and fall of the railways’ fortunes, and is supported by an interesting and authoritative text. Financial and operating statistics are clearly presented in diagrammatic form and provide a wealth of information rarely available to the student of railway history. Freeman and Aldcroft provide the basis for a new understanding of the way in which the railways transformed Britain by the scale of their engineering works, by shrinking national space and reorganising the layouts of urban areas. Maps show the evolution of early wagon routes into the first railway routes, the frenetic activity of the ‘Railway Mania’ years, and the consolidation of these lines into a national network. This exciting presentation of railway development will interest the enthusiast as well as the more general student of British transport history.
The following work dives deep into studying the organization problems plaguing the seven railroad companies which failed from 1892 to 1896, and one railroad that was reorganized in 1902. These railroad companies were: Baltimore & Ohio; Erie; Philadelphia & Reading; The Southern; Atchison, Topeka, & Santa Fe; Union Pacific; Northern Pacific; and Rock Island. Their problems were strikingly alike. It is one of the earliest examples of management case studies, written by Stuart Daggett.
Until now we have only had relatively narrow economic studies comparing investments in railways with investments in other fields of individual economies. 'Across the Borders' not only opens the door for fundamental new insights into a trans-national view of railway history, but also contributes to a breakthrough in the wider study of the subject, providing the first extensive historical investigation of the worldwide system of railway financing. This book provides a wide introduction to how financiers, governments and entrepreneurs in Europe managed to face the challenges of constructing and maintaining an integrated railway network, both in their own countries and their colonies. This volume offers analysis from a selection of experts exploring the trans-national investment policies of railway construction based on numerous historical case-studies. The chapters provide insight into the international opportunities that existed for railway financing, from the perspective of economic, social, transport and railway history. With contributions from authors from 19 countries the volume is a truly international work that will be of interest to academic researchers, museum staff, archivists, and anyone who has an interest in the history and development of railways.