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Compensation was paid to river interests adversely affected, including some waterfront labourers, the State became owner of the Legal Quays until the 1830s, the Corporation built a canal across the Isle of Dogs, and a new London Bridge eventually replaced the Old. All this depended to some degree on State support; in the case of compensation payments, a Treasury loan was repaid by a tax on shipping. River port prosperity was largely unaffected by the introduction of docks, although their warehousing privileges deprived waterfront wharves of potential business. Coastal and low-duty European imports continued, boosted by the introduction of steamship services. Vessels carrying coal, grain, timber and provisions competed with passenger steamers and river traffic for water space, leading to conflict between users and with the Corporation as Harbour Authority.
The Nguyễn lords initially sought to control Mo Jiu and his descendants by means of stationing troops, marriage alliances, and symbolism and ritual. Jiu managed to secure autonomy for his realm by forging ties with horizontal translocal networks. Buddhist monks connected him to other Chinese communities while serving as intermediaries to the Cochinchinese state. The remnants of the Dragon Gate under Chen Shangchuan’s descendants bolstered Jiu’s military capabilities while helping him forge ties with the Qing Guangdong gentry. He further sought to provide a welcoming climate for Chinese merchants, sojourners, and immigrants by manipulating allusions in Chinese history, especially the Tang, in labeling and categorizing the major landscapes and features of The Port. The Austronesian networks helped him forge ties with island Southeast Asian ports, while the Portuguese creoles set up a mint. The brief Qing maritime ban in 1717, which exempted Vietnam, cemented The Port’s role as an emerging transshipment point, natural resource exporter, and financial center able to interact and compete in its own right with more established emporia, such as Guangzhou, Batavia, and Ayutthaya.
The rise of The Port and the Mo clan coincided with the “Chinese century” in maritime East Asia and the peak of the Qing dynasty’s power. Their story also demonstrates a world whose core areas were not only at rough parity but also converging with both ends of Eurasia meeting, trading, and learning from each other in Southeast Asia. At the same time, this period implanted the seeds for an eventual divergence. European mercantile organizations and, later, states came to dominate the sea-lanes and control the flow of silver and finance. They were able to shape and set the rules for an emerging new order. Chinese merchants and immigrants eventually lost their military and political agency and were absorbed into the expanding European empires. Meanwhile, more firmly bounded states and nativist sentiments emerged in mainland Southeast Asia. Both factors deprived The Port of relatively unhindered access to the maritime trade routes and translocal networks. Nonetheless, the Mo continued to enjoy significant autonomy until the French colonization of the water world in 1867, taking advantage of the hazy and ill-defined borders in the water world.
The series to which this book belongs began with the intuition that the pathway of economic change since independence from colonial rule (1947) differed fundamentally between the states of India because their prehistory, geography, political make-up and initial conditions were very different. So large is the difference that each case deserves a book. Contributions to the series will inevitably structure their work to adapt to the specific experience of the states and cannot follow a single template. In that decision, one thing matters: whether to write a chronological narrative or a thematic one.
There is no ideal choice. We decided to follow the thematic format because we wished to concentrate on the main drivers of economic change, like migration, trends in private investment or environmental change, which did not unfold in a coordinated way. We felt a chronological story suggesting that the 1970s saw one kind of change and the 1980s another would miss the point. Still, to keep chronology in the foreground, we discuss the changing character of the state's economy in the introduction and the conclusion (Chapters 1 and 9).
We wish to acknowledge the anonymous readers of the book proposal, and the reader of the manuscript, for their comments and suggestions that significantly improved the quality of this text. We thank Upasana Guha, who provided valuable research assistance, for her careful and diligent work. The help rendered by Rachel Mathew, Dulhaqe S. and Benna Fathima is also gratefully acknowledged.
A note on placenames: Many placenames have changed since 1956. In every chapter, in the first usage we write both old and new names and use the changed name in the rest of the chapter. Chapter 2 on history uses the old names in subsequent usages.
After a few years of competition following the end of monopolies and exacerbated by the new St. Katharine’s Dock Company, rivalry was muted by rate agreements and the amalgamation of the East and West India Companies. However, except in the Baltic trade south bank docks, regional cargo specialisation to a large extent came to an end. All north bank companies had a core of permanent employees, but most were casually employed. Company records reveal how managers organised, motivated and disciplined their labouring workforce and also how those men with particular skills resisted such control. Relations with the Customs could also be difficult. In 1848, both the London and St. Katharine’s companies were raided, accused of defrauding the revenue by passing off sugar as waste. After a very public row, significant reputational damage to the companies and the intervention of a parliamentary committee, a compromise was reached.
The transition from sail to steam shipping shaped the later-nineteenth-century Port of London. When limited to river trade and traffic, steamers had little effect on facilities. Once improvements in technology extended the economic viability of steamers on ever more distant passages, larger and deeper docks were needed. This led to existing facility improvements and downstream docks. The new steam port, served by major shipping lines, depended on barge transhipment of cargoes to waterfront wharves, which flourished as a result. Trade volumes responded to metropolitan population growth, but the national share remained stable or fell. Wool and grain replaced sugar as leading trades. Re-export business declined. The capital’s relationship with the port changed. In the 1860s, its perceived importance led to the rejection of an eastern Thames embankment. In the 1880s, Tower Bridge went ahead.
The book began with a one-liner – ‘Kerala is different’. The series to which this book belongs emerged from the intuition that every state in India ‘is different’. Kerala was not more different than Tamil Nadu, Gujarat or West Bengal. Geography and resource endowments, social conditions such as patterns of inequality, politics and markets were significantly dissimilar between the larger Indian states, and sometimes between regions within these states. Scholars doing development or history have not explored the differences enough.
And yet that shallow slogan has had an unparalleled impact on development discourse in the late twentieth century. Why has this one state drawn so much attention in the development scholarship? Because of a misreading of its economic history, the book argues.
As we mentioned in the introduction, the state's economic trajectory can be summed up, if crudely, with a chart with three lines, one measuring economic growth and the other two education and life expectancy. The state's position relative to India fell with the social indices but dramatically improved with economic growth. A preoccupation with social development lacks a strong justification, at least for economic historians of the state. The more challenging task for us was explaining the economic growth divergence with reference to prehistory and the state's geography.
The misreading emerged in the 1980s through an overstatement of human development performance. Many scholars inferred that the state's political ideology was more enlightened and developmental than that of other Indian provinces and that the state government's heart was in the right place. Whether due to the communist movement or Travancore and Cochin's princely heritage, the governments prioritised poor people's access to primary education and healthcare. Others further claimed that the state showed the world that economic growth was not needed for development.
This reading is not wrong. But, historically speaking, it is a naive reading. It is naive for three reasons. First, suppose Kerala was ahead of India in the 1950s and 1960s. In that case, a story of enlightened government does not make much sense because governments were relatively small then, and many factors besides the government were at work behind the initial advances in education and health.
Ancient Maya Economies synthesizes the state of the art across seven components: geographical and historical background, ritual economy, households, specialization, exchange, political economies, and future directions. Other Elements case studies use many of the same components, making it easy to compare and contrast ancient Maya economies with systems of production and consumption in other parts of the world. The time is right for this Elements case because knowledge of ancient Maya economies has undergone a revolution in the last few decades, resulting in a complex panorama of new economic information. Aerial laser scanning has revealed higher amounts of intensive agriculture and research on the ground has turned up better evidence for marketplaces. Maya economies feature specialized production, trade of both bulk goods and luxury goods, close integration with ritual and religion, and a carnival parade of political economies.
What role did German big business play in the persecution of European Jews during the Holocaust? What were its motivations? And how did it respond to changing social and economic circumstances after the war? Profits and Persecution examines how the leaders of Germany's largest industrial and financial enterprises played a key part in the catastrophes and crimes of their nation in the first half of the twentieth century. Drawing on evidence concerning the roughly one hundred most significant German firms of the Nazi era, Peter Hayes explores how large German corporations dealt with Jews, their property, and their labor. This study unites business history and the history of the Holocaust to consider both the economic and personal motivations that rendered German corporate leaders complicit in the actions of the Nazi Party. In doing so, it demonstrates how ordinary, familiar thought processes came to serve the ideological purposes of the Third Reich with lethal consequences.
Nineteenth-century London was not only the greatest city of its time but it had an equally immense port. Although the relationship between the two physically shaped the city and profoundly affected the lives and livelihoods of its inhabitants, historians have always told their stories separately. Sarah Palmer's authoritative work instead paints a picture of London as a maritime hub driven by trade, shipping, marine insurance, shipbuilding and meeting the needs of seafarers ashore. Drawing on disparate archival materials from dock company records, the National Archives, the London Metropolitan Archives and more, she reveals both the economic importance of international and domestic sea-borne trade and the unique urban geography it created. In creating this more interconnected understanding of Britain's capital, Palmer argues that the nineteenth-century transition from sail to steam didn't just affect London's port, but transformed the city and its economy with an impact comparable to that of the railways.
The Port (present-day Hà Tiên), situated in the Mekong River Delta and Gulf of Siam littoral, was founded and governed by the Chinese creole Mo clan during the eighteenth century and prospered as a free-trade emporium in maritime East Asia. Mo Jiu and his son, Mo Tianci, maintained an independent polity through ambiguous and simultaneous allegiances to the Cochinchinese regime of southern Vietnam, Cambodia, Siam, and the Dutch East India Company. A shared value system was forged among their multiethnic and multi-confessional residents via elite Chinese culture, facilitating closer business ties to Qing China. The story of this remarkable settlement sheds light on a transitional period in East Asian history, when the dominance of the Chinese state, merchants, and immigrants gave way to firmer state boundaries in mainland Southeast Asia and Western dominance on the seas.
In a series of academic publications, Edward Nelson has contended that from the 1950s until the late 1970s, UK policymakers failed to recognise the primacy of monetary policy in controlling inflation. He argues that the highwater mark of monetary policy neglect occurred in the 1970s. This thesis has been rejected by Duncan Needham who has explored several experiments with monetary policy from the late 1960s and challenged the assertion that the authorities neglected monetary policy during the 1970s. Drawing on evidence from the archives and other sources, this article documents how the UK authorities wrestled with monetary policy following the 1967 devaluation of sterling. Excessive broad money growth during the early 1970s was followed by the highest level of peacetime inflation by 1975. The article shows that despite the experiments with monetary policy, a nonmonetary view of inflation dominated the mindset of policymakers during the first half of the 1970s. In the second half of the 1970s there was a change in emphasis and monetary policy became more prominent in economic policymaking, particularly when money supply targets were introduced. Despite this, the nonmonetary view of inflation dominated the decision processes of policymakers during the 1970s.
Edward A. Tenenbaum’s Jewish parents from Galicia/Austria had been highly educated, his mother with a PhD in botany, his father in medicine, which qualified him to serve in the Austrian Army as medical company commander during all of WW I. They emigrated to New York City in 1920. Three sons were born there, Edward in 1921 as the oldest. After his graduation from Stuyvesant High School at the age of fifteen, he attended Ecolint at Geneva, perfected his French and wrote a prize-winning essay in English there. For his four years at Yale, I treat his study achievements and his extra-curricular activities, especially in Yale’s Political Union. At Yale he was best of his class of 1942. His B.A. thesis on the Nazi economic system was published by Yale UP in 1942. I cover his services for OSS and the US Army Air Forces in the USA and Europe as well as his friendship with OSS colleague and fellow economist Charles P. Kindleberger, who had headed the Enemy Objectives Unit in London. Tenenbaum was the first American officer to enter the Buchenwald concentration camp and wrote a famous report on its self-administration by inmates under SS supervision. For this he was awarded a Bronze Star.