{"title":"European Financial Crisis of 1763","authors":"","doi":"10.15507/2409-630x.060.019.202301.058-065","DOIUrl":"https://doi.org/10.15507/2409-630x.060.019.202301.058-065","url":null,"abstract":"Introduction. The financial factor had its full effect during the next major pan-European conflict – the Seven Years’ War (1756–1763). The Seven Years’ War can be considered as the “zero” World War of the 18th century. Its fighting took place in all parts of the world and oceans known then. All the major Christian powers of that time were drawn into it. In terms of the level of militarization, this war surpassed all previous coalition wars. The financial crisis caused by the Seven Years’ War was also very different from the previous ones and had a pan-European effect. The purpose of the article is to study the causes of the financial crisis of 1763.\u0000\u0000Materials and Methods. Comparative-historical, chronological and genealogical research methods were used, the principles of objectivity and historicism were observed.\u0000\u0000Results. The crisis was led by the confidence of some banks and financial firms in a win-win business related to the supply of military operations.\u0000\u0000Discussion and Conclusion. After Frederick II began defacing coins, according to the Copernicus – Gresham law, degraded money is forced out of circulation by full-weight ones, so the German princes, who were neighbors of Prussia, were forced to voluntarily lower the silver content in their coins. There was nothing left but to start the debasing process. This leads to the financial crisis of 1763.","PeriodicalId":47868,"journal":{"name":"Economic History Review","volume":null,"pages":null},"PeriodicalIF":2.2,"publicationDate":"2023-03-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"72744226","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Modernization of the Coal Industry of the Far East during the First Five-Year Plan (1928–1932)","authors":"","doi":"10.15507/2409-630x.060.019.202301.024-037","DOIUrl":"https://doi.org/10.15507/2409-630x.060.019.202301.024-037","url":null,"abstract":"Introduction. The coal industry of the Far East, which was the main fuel base of the region, was in a state of severe crisis by 1928. The enterprises of the industry did not have the necessary working capital, were equipped with obsolete equipment, experienced an acute shortage of qualified personnel. The solution of these problems became possible with the beginning of industrialization in the USSR and the provision of assistance to the region by the center.\u0000\u0000Materials and Methods. The source basis of the research is unpublished documents identified in the funds of federal and regional archives. In the course of the work, the author used a set of general scientific and special historical methods.\u0000\u0000Results and Discussion. During the implementation of the first five-year plan, the financing of coal mining in the Far East has sharply increased. At the mines of the region, the active introduction of the latest technology began, which made it possible to begin mechanization of production processes, increase the level of electrification and mechanization. The foundations of the personnel training system were also laid, significant labor resources from the central regions were attracted. However, despite the successes achieved: an increase in labor productivity, an increase in total production, the final results turned out to be more modest than expected. Basically, the changes covered the enterprises of Primorye, on Sakhalin and in the Amur region, reconstruction was carried out much slower.\u0000\u0000Conclusion. The reasons that caused the divergence of plans and the results obtained in practice were the periphery of the region, which led to its supply on a residual basis and ignoring its interests in favor of more industrialized areas. As well as underestimating the production capabilities of the enterprises themselves, the geological conditions of their operation. In 1928–1932, it was not possible to create a stable supply system for equipment and machinery, low qualifications and high turnover of labor remained.","PeriodicalId":47868,"journal":{"name":"Economic History Review","volume":null,"pages":null},"PeriodicalIF":2.2,"publicationDate":"2023-03-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82950276","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Agrarian Question in the Views of N. Kh. Bunge (to the 200th Anniversary of his Birthday)","authors":"D. Stozhko, K. Stozhko","doi":"10.15507/2409-630x.060.019.202301.076-086","DOIUrl":"https://doi.org/10.15507/2409-630x.060.019.202301.076-086","url":null,"abstract":"Introduction. 2023 marks the 200th anniversary of the birth of N. Kh. Bunge, an outstanding Russian scientist, economist, public figure and statesman. His views, especially on the agrarian question, are still poorly understood. The aim of the study is to analyze and evaluate the views of N. Kh. Bunge on the agrarian issue and to reveal their humanistic nature.\u0000\u0000Materials and Methods. The study used methods of analysis, synthesis, generalizations and axiology, as well as historical-retrospective, historical-genetic and hermeneutical, program-targeted and structural-functional methods for studying problematic issues in the history of economic science. The study is based on primary sources: the writings of N. Kh. Bunge himself and the works of his contemporaries.\u0000\u0000Results. Among the most significant ideas in the field of posing and solving the agrarian issue of N. Kh. Bunge, his approaches to the issues of land ownership and land use, migration (settlement) processes, the development of peasant self-government, the development of rental, tax and financial-credit relations are identified and disclosed. The multidimensional and at the same time contradictory nature of the views of N. Kh. Bunge in matters of domestic economic policy were revealed. The conclusion is made about the humanistic orientation of the scientific heritage of the scientist and the need for its further more detailed study in the context of a new social reality.\u0000\u0000Discussion and Conclusion. Specific approaches of Russian historiography to the study of the works of N. Kh. Bunge in the pre-revolutionary period (A. N. Zak, I. I. Levin, A. A. Mikulin, M. N. Sobolev, M. I. Tugan-Baranovsky and others) and the growing interest in his political and economic views in the 21st century. An assessment is given to the debatable thesis about the characterization of the views of N. Kh. Bunge as being “between historicism and liberalism” (J. Zweinert).","PeriodicalId":47868,"journal":{"name":"Economic History Review","volume":null,"pages":null},"PeriodicalIF":2.2,"publicationDate":"2023-03-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82839339","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Legal origins of corporate governance: Choice of law in Egypt, 1887–1914","authors":"Cihan Artunç","doi":"10.1111/ehr.13247","DOIUrl":"10.1111/ehr.13247","url":null,"abstract":"<p>This paper revisits the classic question of legal origins: whether laws originating from common or civil law traditions are more effective in promoting governance rules with stronger shareholder and investor protection. But corporate governance cannot be easily disentangled from other sources that can influence firm outcomes. This paper disentangles these effects by assembling a new dataset of corporations in Egypt between 1887 and 1914. Egypt had an unusual system of incorporation. The main legal system was a close French transplant but entrepreneurs – Europeans and Egyptians alike – had the option of incorporating under any European law. This practice allowed extraordinary legal flexibility in choice of law, governance provisions, and board composition. The new findings show that companies incorporated under British law provided weaker shareholder protection than companies incorporated under French laws, especially in giving weaker voting rights to minority shareholders, preventing oversight over directors' borrowing powers, and limiting director rotation. These rules mattered for firm performance. Corporations with weaker investor protection had higher failure risk, were less profitable, and had lower firm value.</p>","PeriodicalId":47868,"journal":{"name":"Economic History Review","volume":null,"pages":null},"PeriodicalIF":2.2,"publicationDate":"2023-03-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42008149","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Ian Gazeley, Andrew Newell, Kevin Reynolds, Hector Rufrancos
{"title":"Household structure, labour participation, and economic inequality in Britain, 1937–61","authors":"Ian Gazeley, Andrew Newell, Kevin Reynolds, Hector Rufrancos","doi":"10.1111/ehr.13248","DOIUrl":"10.1111/ehr.13248","url":null,"abstract":"<p>We investigate household income/expenditure inequality using survey data for the United Kingdom from 1937 to 1961. Previous studies employed tax unit or wage rate data. Between 1937/8 and 1953/4, we find little change in inequality for incomes below the top 5 per cent or 10 per cent. This is consistent with the tax unit data. By 1961, inequality was notably higher than in 1953/4. Three trends might account for this: growth in the shares of non-working and multiple-worker households, and in the proportion of non-manual jobs. Non-manual jobs are diverse in skills and earnings. We find the upward impact on inequality of the rise of non-working households is mostly offset by their being both smaller and poorer. Data limitations disallow evaluating the impacts of the other two trends, but they are consistent with steady postwar wage differentials observed by other studies.</p>","PeriodicalId":47868,"journal":{"name":"Economic History Review","volume":null,"pages":null},"PeriodicalIF":2.2,"publicationDate":"2023-03-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ehr.13248","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44740578","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Pawned states: State building in the era of international finance By Didac Queralt, Princeton: Princeton University Press. 2022. p. 368. 43 figs. 19 tables. ISBN 9780691231525. Hbk","authors":"Tehreem Husain","doi":"10.1111/ehr.13249","DOIUrl":"10.1111/ehr.13249","url":null,"abstract":"","PeriodicalId":47868,"journal":{"name":"Economic History Review","volume":null,"pages":null},"PeriodicalIF":2.2,"publicationDate":"2023-03-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46751232","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Blacketts: A northern dynasty's rise, crisis and redemption By Greg, Finch, Newcastle upon Tyne: Tyne Bridge Publishing. 2021. pp. viii + 367. 28 plates. ISBN Hbk. 9781838280956 Pbk. 9781838280994 Hbk. £20 Pbk. £14.99","authors":"Andy Burn","doi":"10.1111/ehr.13250","DOIUrl":"10.1111/ehr.13250","url":null,"abstract":"","PeriodicalId":47868,"journal":{"name":"Economic History Review","volume":null,"pages":null},"PeriodicalIF":2.2,"publicationDate":"2023-03-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43166505","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"British imperialism and globalization, c. 1650–1960 , Joseph E. Inikori (ed.), Woodbridge: The Boydell Press, 2022. p. 325. ISBN 9781783276462. Hbk £70.00","authors":"Bronwen Everill","doi":"10.1111/ehr.13251","DOIUrl":"10.1111/ehr.13251","url":null,"abstract":"","PeriodicalId":47868,"journal":{"name":"Economic History Review","volume":null,"pages":null},"PeriodicalIF":2.2,"publicationDate":"2023-03-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43076976","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Social inequalities in famine mortality in the manorial system of the tsarist Russian province of Livland in the mid-1840s","authors":"Kersti Lust, Martin Klesment, Hannaliis Jaadla","doi":"10.1111/ehr.13246","DOIUrl":"10.1111/ehr.13246","url":null,"abstract":"<p>By relying on longitudinal data on two rural parishes in the Russian Baltic province of Livland, the article analyses two questions concerning famine's short-run effects on mortality in a manorial system: (1) whether there is evidence of a social gradient in mortality during the famine of 1844–6 and (2) whether the manors could protect the peasants against the hardships. The analysis reveals that neither the status of a farmer peasant nor the landlord saved the local inhabitants from an increased risk of dying during the famine of 1844–6. The conventional assumptions about the protective effect of the higher socio-economic status or type of manor against subsistence crisis found very little support in the study.</p>","PeriodicalId":47868,"journal":{"name":"Economic History Review","volume":null,"pages":null},"PeriodicalIF":2.2,"publicationDate":"2023-02-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ehr.13246","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45199697","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Regional inequalities and the West–East divide in Turkey since 1913","authors":"Güneş Aşık, Ulaş Karakoç, Şevket Pamuk","doi":"10.1111/ehr.13245","DOIUrl":"https://doi.org/10.1111/ehr.13245","url":null,"abstract":"<p>This paper examines the evolution of regional disparities within the present-day borders of Turkey since 1913. Based on our estimates for 58 provinces, we find <i>β</i>-convergence, an inverse U, and more recently, the beginnings of an N-shaped pattern for value added per capita. We also find that regional disparities in Turkey exhibit a number of special features that do not easily fit the well-studied pattern of the early industrializers. First, while per capita value added in other regions moved towards country averages, the differences between the East and the rest of the country persisted and even increased until recently. Second, spatial distribution of economic activity became more concentrated over time due to continued migration to the megacity of Istanbul. Third, we find that regional disparities in per capita value added in Turkey and other developing countries have been higher than those experienced by the early industrializers. These findings raise questions about the extent to which the regional disparities experiences of Turkey and other developing countries have been different than those of the early industrializers.</p>","PeriodicalId":47868,"journal":{"name":"Economic History Review","volume":null,"pages":null},"PeriodicalIF":2.2,"publicationDate":"2023-02-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50139819","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}