The first English translation of the most comprehensive and detailed work on the development, construction, finance, and operation of early American railroads and canals.
This is the first history of the British railway system written from a modern economic perspective. It uses conterfactual analysis to construct an alternative network to represent the most efficient alternative rail network that could have been constructed given what was known at the time - the first time this has been done.
Financial crises happen time and again in post-industrial economies—and they are extraordinarily damaging. Building on insights gleaned from many years of work in the banking industry and drawing on a vast trove of data, Richard Vague argues that such crises follow a pattern that makes them both predictable and avoidable. A Brief History of Doom examines a series of major crises over the past 200 years in the United States, Great Britain, Germany, France, Japan, and China—including the Great Depression and the economic meltdown of 2008. Vague demonstrates that the over-accumulation of private debt does a better job than any other variable of explaining and predicting financial crises. In a series of clear and gripping chapters, he shows that in each case the rapid growth of loans produced widespread overcapacity, which then led to the spread of bad loans and bank failures. This cycle, according to Vague, is the essence of financial crises and the script they invariably follow. The story of financial crisis is fundamentally the story of private debt and runaway lending. Convinced that we have it within our power to break the cycle, Vague provides the tools to enable politicians, bankers, and private citizens to recognize and respond to the danger signs before it begins again.
This book investigates China’s railway transformation through history, along with culture changes and urban development. The book begins by looking at the background of China and the history and growth of railway development in China through five key phases, followed by assessing the cultural changes in the railway carriage and exploring how these are linked to social equality and national provisions. The core of this book aims to analyse the Chinese urban transformation through the development of the high-speed rail (HSR) infrastructure in China. Eleven important new HSR stations in mainland China, plus the new Hong Kong West Kowloon Station, have been selected to contextually explore how HSR infrastructures have affected the development of the Chinese urban context. The selected case studies are the stations of Beijing South, Wuhan, Shanghai Hongqiao, Guangzhou South, Xi’an North, Nanjing South, Chengdu East, Tianjin West, Zhengzhou East, Hangzhou East and Hong Kong West Kowloon. All of these were built between 2008 and 2018. In these case studies, the location and the intentions and success of promoting urban development are analysed and assessed. Following this, the book further investigates the peculiarities of the new HSR stations in China in comparison with stations in Europe. An assessment framework is established to evaluate the Chinese case studies comparatively with significant cases in Europe, attending to the urban structure of the area, the architectural quality, the functional diversity and the quality of the public space generated in the surrounding area.
Jack Simmons, perhaps more than any other single scholar, is responsible for the advancement of the academic study of transport history. As well as being a co-founder of the Journal of Transport History, he wrote extensively on a variety of transport-related topics and was instrumental in developing the London Transport and the National Railway museums. Whilst his death in September 2000 at the age of 85 was a sad loss to the world of transport history, the achievements of his life, celebrated in this festschrift, remain a lasting legacy to succeeding generations of scholars in many fields. Concentrating on the theme of the railways, and how they dramatically affected the development of Britain and her society, this collection touches on numerous issues first highlighted by Professor Simmons which are now central to academic study. These include the men who built the railways, those who financed the enterprise, how the railways affected such everyday issues as tourism, the arts, and politics, as well as the lasting legacy of the railways in a country now dominated by the private car. This volume written by former friends, students and colleagues of Professor Simmons reflects these interests, and provides a fitting tribute to one of the truly great British historians of the twentieth century.