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Gladstone and the Bank of England: a Study in Mid-Victorian Finance, 1833-1866
GLADSTONE AND THE BANK OF ENGLAND: A STUDY IN MID-VICTORIAN FINANCE, 1833-1866 Patricia Caernarv en-Smith, B.A. Thesis Prepared for the Degree of MASTER OF ARTS UNIVERSITY OF NORTH TEXAS May 2007 APPROVED: Denis Paz, Major Professor Adrian Lewis, Committee Member and Chair of the Department of History Laura Stern, Committee Member Sandra L. Terrell, Dean of the Robert B. Toulouse School of Graduate Studies Caernarven-Smith, Patricia. Gladstone and the Bank of England: A Study in Mid- Victorian Finance, 1833-1866. Master of Arts (History), May 2007, 378 pp., 11 tables, bibliography, 275 titles. The topic of this thesis is the confrontations between William Gladstone and the Bank of England. These confrontations have remained a mystery to authors who noted them, but have generally been ignored by others. This thesis demonstrates that Gladstone’s measures taken against the Bank were reasonable, intelligent, and important for the development of nineteenth-century British government finance. To accomplish this task, this thesis refutes the opinions of three twentieth-century authors who have claimed that many of Gladstone’s measures, as well as his reading, were irrational, ridiculous, and impolitic. My primary sources include the Gladstone Diaries, with special attention to a little-used source, Volume 14, the indexes to the Diaries. The day-to-day Diaries and the indexes show how much Gladstone read about financial matters, and suggest that his actions were based to a large extent upon his reading. In addition, I have used Hansard’s Parliamentary Debates and nineteenth-century periodicals and books on banking and finance to understand the political and economic debates of the time. -
Government Policy During the British Railway Mania and the 1847 Commercial Crisis
Government Policy during the British Railway Mania and the 1847 Commercial Crisis Campbell, G. (2014). Government Policy during the British Railway Mania and the 1847 Commercial Crisis. In N. Dimsdale, & A. Hotson (Eds.), British Financial Crises Since 1825 (pp. 58-75). Oxford University Press. https://global.oup.com/academic/product/british-financial-crises-since-1825-9780199688661?cc=gb&lang=en& Published in: British Financial Crises Since 1825 Document Version: Peer reviewed version Queen's University Belfast - Research Portal: Link to publication record in Queen's University Belfast Research Portal Publisher rights Copyright 2014 OUP. This material was originally published in British Financial Crises since 1825 Edited by Nicholas Dimsdale and Anthony Hotson, and has been reproduced by permission of Oxford University Press. For permission to reuse this material, please visit http://global.oup.com/academic/rights. General rights Copyright for the publications made accessible via the Queen's University Belfast Research Portal is retained by the author(s) and / or other copyright owners and it is a condition of accessing these publications that users recognise and abide by the legal requirements associated with these rights. Take down policy The Research Portal is Queen's institutional repository that provides access to Queen's research output. Every effort has been made to ensure that content in the Research Portal does not infringe any person's rights, or applicable UK laws. If you discover content in the Research Portal that you believe breaches copyright or violates any law, please contact [email protected]. Download date:28. Sep. 2021 Government Policy during the British Railway Mania and 1847 Commercial Crisis Gareth Campbell, Queen’s University Management School, Queen's University Belfast, Belfast, BT7 1NN ([email protected]) *An earlier version of this paper was presented to Oxford University’s Monetary History Group. -
Totalitarian Dynamics, Colonial History, and Modernity: the US South After the Civil War
ADVERTIMENT. Lʼaccés als continguts dʼaquesta tesi doctoral i la seva utilització ha de respectar els drets de la persona autora. Pot ser utilitzada per a consulta o estudi personal, així com en activitats o materials dʼinvestigació i docència en els termes establerts a lʼart. 32 del Text Refós de la Llei de Propietat Intel·lectual (RDL 1/1996). Per altres utilitzacions es requereix lʼautorització prèvia i expressa de la persona autora. En qualsevol cas, en la utilització dels seus continguts caldrà indicar de forma clara el nom i cognoms de la persona autora i el títol de la tesi doctoral. No sʼautoritza la seva reproducció o altres formes dʼexplotació efectuades amb finalitats de lucre ni la seva comunicació pública des dʼun lloc aliè al servei TDX. Tampoc sʼautoritza la presentació del seu contingut en una finestra o marc aliè a TDX (framing). Aquesta reserva de drets afecta tant als continguts de la tesi com als seus resums i índexs. ADVERTENCIA. El acceso a los contenidos de esta tesis doctoral y su utilización debe respetar los derechos de la persona autora. Puede ser utilizada para consulta o estudio personal, así como en actividades o materiales de investigación y docencia en los términos establecidos en el art. 32 del Texto Refundido de la Ley de Propiedad Intelectual (RDL 1/1996). Para otros usos se requiere la autorización previa y expresa de la persona autora. En cualquier caso, en la utilización de sus contenidos se deberá indicar de forma clara el nombre y apellidos de la persona autora y el título de la tesis doctoral. -
Let Us Give Them Something to Play With”: the Preservation of the Hermitage by the Ladies’ Hermitage Association
“LET US GIVE THEM SOMETHING TO PLAY WITH”: THE PRESERVATION OF THE HERMITAGE BY THE LADIES’ HERMITAGE ASSOCIATION by Danielle M. Ullrich A Thesis Submitted to the Faculty of the Graduate School at Middle Tennessee State University in Partial Fulfillment of the Requirements for the Degree of Master of Arts in History with an Emphasis in Public History Murfreesboro, TN May 2015 Thesis Committee: Dr. Mary Hoffschwelle, Chair Dr. Rebecca Conard ACKNOWLEDGEMENTS My parents, Dennis and Michelle Ullrich, instilled in me a respect for history at an early age and it is because of them that I am here today, writing about what I love. However, I would also not have made it through without the prayers and support of my brother, Ron, and my grandmother, Carol, who have reminded me even though I grow tired and weary, those who hope in the Lord will find new strength. Besides my family, I want to thank my thesis committee members, Dr. Mary Hoffschwelle and Dr. Rebecca Conard. Dr. Hoffschwelle, your wealth of knowledge on Tennessee history and your editing expertise has been a great help completing my thesis. Also, Dr. Conard, your support throughout my academic career at MTSU has helped guide me towards a career in Public History. Special thanks to Marsha Mullin of Andrew Jackson’s Hermitage, for reading a draft of my thesis and giving me feedback. And last, but certainly not least, to all the Hermitage interpreters who encouraged me with their questions and with their curiosity. ii ABSTRACT Since 1889, Andrew Jackson’s Hermitage has been open to the public as a museum thanks to the work of the Ladies’ Hermitage Association. -
2018-Primary-Sources-Catalogue-2
Last year, after 20 years of focused collecting in a very specific slice of Americana, we issued our first catalogue, and we want to thank all of our new friends, clients, and colleagues who made it a success--successful enough, at any rate, for there to be a Catalogue 2. Like Catalogue 1, our second contains twenty-five items with important stories to tell, stories that range widely across the American experience: from the risk book of a London underwriter during the War of 1812 to the only military encounter between the United States and Texas, from an unrecorded broadside that captures the birth of San Francisco to a revolution in women’s fashion; from an iconic view of Harvard University to the diary of a young teacher in Reconstruction-era Nashville; and from the poignant words of a young African American cadet unjustly dismissed from West Point to the plainspoken narrative of an elderly woman writing of her captivity as a child. Whether manuscript diaries, ledgers, and letters, printed pamphlets and broadsides, photographs, or even a children’s spelling book, they all contribute new ways of seeing and thinking about the broader currents of American history. Our name is what they have in common. They are primary sources, and they are largely uncharted. This fall, like last, we offer a new catalogue with twenty-five unexpected items, fresh to the trade. So thanks again to everyone who supported our first effort, and we hope that you enjoy browsing Catalogue 2. We look forward to hearing from you. -- All items are offered subject to prior sale. -
Asset Prices in the Industrial Revolution: Evidence from the Grain Market
Asset Prices in the Industrial Revolution: Evidence from the Grain Market. Liam Brunt1 & Edmund Cannon2 Abstract.3 From 1770 to 1914 the British Government closely monitored the domestic grain trade. It collected weekly price and quantity data for all types of grain for a large number of market towns and published these so-called Corn Returns in the London Gazette. We have computerised all of the published data between 1770 and 1864, totalling around 6 million data points. In this paper we describe the precise nature of data; we discuss why, when and how it was collected; we consider the accuracy and biases of the data; and we describe how we computerised the original returns. This gives a firm foundation to our own analysis of the data, and introduces the data to other potential users. 1 McIntire School of Commerce, University of Virginia. [email protected] 2 Department of Economics, University of Bristol. [email protected] 3 This project was funded by the Economic and Social Research Council under Research Grant No. R000223071. We also thank the Royal Economic Society for a Small Grant. For able research assistance we would like to thank Rob Brewer, Anna Chernova, Saranna Fordyce, Becca Fell, Ludivine Jeandupeux, Dave Lyne, Olivia Milburn, Hannah Shaw, Derick Shore, Liz Washbrook and Alun Williams. Thanks are also due to Colin Knowles for computer support and Bristol Library for exceptional service. For helpful comments and discussion we would like to thank Julia Cerutti and Lucy White. Any remaining errors are our own responsibility. 1 1. -
The World Economy at the End of the Millennium
THE WORLD ECONOMY AT THE END OF THE MILLENNIUM bY DEEPAK LAL Working Papers Number 786 Department of Economics University of California, Los Angeles Bunche 2263 Los Angeles, CA 90095-1477 September 1998 Paper for the Rosecrance Festschrift J.Mueller(ed): Prosperity, Politics and Peace: Essays in honour of Richard Rosecrance, Westview Press, New York (in press) THE WORLD ECONOMY AT THE END OF THE MILLENNIUM Deepak La1 James S. Coleman Professor of International Development Studies, University of California, Los Angeles ABSTRACT The paper examines the rise fall and rise of the Liberal International Economic Order over the last 150 years, and critically examines the various hopes and fears in developed and developing countries that this most recent global integration is raising. JEL classification: F02, A13, N70, P16. FINAL REVISE Address: Dept. of Economics, September 1998 UCLA, 405 Hilgard Ave., Los Angeles, CA 90024 Tel.: 310-825 4521 Fax.: 310-825 9528 e-mail: [email protected] 3 THE WORLD ECONOMY AT THE END OF THE MILLENNIUM by Deepak La1 INTRODUCTION If a Rip van Winkle had gone to sleep at the end of about 1870 and woken up in the last few years, he would find that little has changed in the world economy. He would note the various technological advances in transportation and communications (airlines, telephones and the computer) which have further reduced the costs of international trade and commerce and led to the progressive integration of the world economy which was well under way after the first Great Age of Reform, when he went to sleep. The terrible events of this century- two world wars, a Great Depression and the battles against two illiberal creeds- Fascism and Communism- which led to the breakdown of the first liberal international economic order(LIE0) - created under British leadership after the Repeal of the Corn Laws- would form no part of his memory. -
Corn Laws Repeal at 175 Donald Boudreaux and Douglas Irwin on Free-Trade Tips from 1846
https://www.economist.com/by-invitation/2021/06/25/donald-boudreaux-and-douglas-irwin-on- free-trade-tips-from-1846 By Invitation Corn Laws repeal at 175 Donald Boudreaux and Douglas Irwin on free-trade tips from 1846 Ending tariffs on grain lowered food prices and unleashed economic growth—and offers lessons for today Jun 25th 2021 BY DONALD BOUDREAUX AND DOUGLAS IRWIN • • • • IN THE novel “The Mayor of Casterbridge” published in 1886, Thomas Hardy reminds readers of “the uncertain harvests which immediately preceded the repeal of the Corn Laws,” which “can hardly be realised by those accustomed to the sixpenny loaf.” Rural households in England spent about half of their income on food in the 1830s and 1840s, in part because of tariffs on imported grain (in Britain called corn). The trade barrier fuelled what came to be known as “the Hungry Forties”—and inspired a Scottish businessman, James Wilson, to establish The Economist in 1843, to make the case for free trade. Today is the 175th anniversary of the repeal of the Corn Laws, after years of controversy and suffering under its effects. The story is especially relevant now, when international trade is under threat. There is much to be learned from how the punishing tariffs were removed and the economy pried open. The Corn Laws came into effect in 1815, inspired by the landed aristocracy. It was in their interest to keep cheap grain from overseas out of the British market and thereby maintain high domestic prices. A complex sliding scale of duties boosted prices on imported grain. -
Manchester Journal of International Economic Law
MJIEL Manchester Journal of International Economic Law Volume 15 April 2018 Issue 1 Articles: International Financial Regulatory Standards and Human Rights: Connecting the Dots Motoko Aizawa, Daniel Bradlow and Margaret Wachenfeld Legitimate Expectation in Investor-State Arbitration: Re-contextualising a Controversial Concept from a Developing Country Perspective Yenkong Ngangjoh-Hodu and Collins C. Ajibo Liminal Spaces: Special and Differential Treatment as an Incompletely Theorised Agreement Stephanie Switzer Application of MFN to the Substantive Standards: Why Should We Re Investigate the Uncontested? Tanjina Sharmin Colombia’s Land Restitution Programme and International Investment Law: Normative Tensions and Possible Convergences Concerning Investor Diligence Rafael Tamayo-Álvarez ISSN 1742-3945 Manchester Journal of International Economic Law The Manchester Journal of International Economic Law is first and foremost an International Economic law Journal. Its geographical origins breathe a nomenclature to it to distinguish it from other Journals in the field. Manchester also as a city is a good symbol of globalisation; international in its racial and cultural diversity; and occupies an important place in the history of international economic relations – being the city from where came one of the original calls for free trade. Appropriately therefore the matches in international economic scholarship should result in goals from Manchester too! – – Asif H Qureshi, Editorial, MJIEL, 2004, Volume 1, Issue 1 Aims of the Journal: The journal covers all aspects of international economic law including in particular world trade law, international investment law, international monetary and financial law, international taxation, international labour law, international corporate responsibility and international development law. The journal's focus is mainly from a Public International Law perspective and includes comparative analysis within the context of a discourse in Public International Law. -
Specific Factors, Capital Markets, Portfolio Diversification and Free Trade: Domestic Determinants of the Repeal of the Corn Laws
Cheryl Schonhardt-Bailey Specific factors, capital markets, portfolio diversification and free trade: domestic determinants of the repeal of the Corn Laws Article (Published version) (Refereed) Original citation: Schonhardt-Bailey, Cheryl (1991) Specific factors, capital markets, portfolio diversification and free trade: domestic determinants of the repeal of the Corn Laws. World Politics, 43 (4). pp. 545- 569. ISSN 0043-8871 DOI: 10.2307/2010536 © 1991 Trustees of Princeton University This version available at: http://eprints.lse.ac.uk/3420/ Available in LSE Research Online: April 2014 LSE has developed LSE Research Online so that users may access research output of the School. Copyright © and Moral Rights for the papers on this site are retained by the individual authors and/or other copyright owners. Users may download and/or print one copy of any article(s) in LSE Research Online to facilitate their private study or for non-commercial research. You may not engage in further distribution of the material or use it for any profit-making activities or any commercial gain. You may freely distribute the URL (http://eprints.lse.ac.uk) of the LSE Research Online website. Trustees of Princeton University Specific Factors, Capital Markets, Portfolio Diversification, and Free Trade: Domestic Determinants of the Repeal of the Corn Laws Author(s): Cheryl Schonhardt-Bailey Source: World Politics, Vol. 43, No. 4 (Jul., 1991), pp. 545-569 Published by: Cambridge University Press Stable URL: http://www.jstor.org/stable/2010536 . Accessed: 16/04/2014 04:14 Your use of the JSTOR archive indicates your acceptance of the Terms & Conditions of Use, available at . -
Global Champion: the Case for Unilateral Free Trade
Warwick Lightfoot, Jonathan Dupont, Geoff Raby and Michael Taylor | February 2018 Global Champion The Case for Unilateral Free Trade A Policy Exchange Report 1 – Global Champion Global Champion – 2 About the Authors Warwick Lightfoot is Director of Economics & Social Policy at Policy Exchange. He is an economist, with specialist interests in monetary economics, labour markets, and public finance. He has served as Special Adviser to three Chancellors of the Exchequer, and a Secretary of State for Employment. Warwick was a treasury economist at the Royal Bank of Scotland, and has also been Economics Editor of The European. His many articles on economics and public policy have appeared in the Wall Street Journal, the Financial Times, The Times, The Sunday Times, the Daily Telegraph, the Sunday Telegraph, and in specialist journals ranging from the Times Literary Supplement and The Spectator, to the Investors Chronicle and Financial World. His books include Sorry We Have No Money — Britain’s Economic Problem. Michael Taylor joined Policy Exchange in March 2017 as a Research Fellow in the Economics team. He is an experienced economist, having started his career in the Government Economic Service where he worked on competition policy, competitiveness and productivity. Michael was Chief Economist at the Institute of Directors where his research on the European single currency was influential in making the business case for the UK staying out of the Euro. Later he worked for Merrill Lynch and the economic consultancies, Lombard Street Research and Oxford Economics. His work at Policy Exchange covers all Brexit issues, monetary policy, financial market regulation, agriculture, trade and industrial strategy. -
Ricardo and the Corn Laws: a Revision
Ricardo and the Corn Laws: a revision Samuel Hollander I was delighted to observe in your book how forcibly you de- scribed the inexhaustible energies of this tight little Island. -HUTCHES TROWERto Ricardo, 9 November I817 I Perhaps the best-known feature of Professor J. A. Schumpeter’s fa- mous account of Ricardian economics in his History of Economic Analysis is the severe criticism of the so-called Ricardian Vice-“the habit of piling a heavy load of practical conclusions upon a tenuous groundwork, which was unequal to it yet seemed in its simplicity not only attractive but also convincing.”’ More specifically: His interest was in the clear-cut result of direct, practical signifi- cance. In order to get this he cut that general system to pieces, bundled up as large parts of it as possible, and put them in cold storage-so that as many things as possible should be frozen and “given.” He then piled one simplifying assumption upon another until, having really settled everything by these assumptions, he was left with only a few aggregative variables between which, given these assumptions, he set up simple one-way relations so that, in the end, the desired results emerged almost as tautologies. The habit of applying results of this character to the solution of practical problems we shall call the Ricardian Vice. SAMUELHOLLANDER is Professor of Economics at the University of Toronto. I. Schumpeter, A History ofEconomic Analysis (New York, 1954), p. 1171. 2. Ibid., pp. 472-3. See also pp. 541, 618, 653 n., 668. In his exhaustive new study of McCulloch, Professor O’Brien draws a sharp distinction between the procedures of his subject and those of Ricardo: “Ricardo was the abstractionist par excellence: and as a pure theoretician he has had very few intellectual equals.” By contrast, for McCul- loch, “abstract ideas on their own were of very little interest, it was their practical conclusions, taking account of peculiar circumstances, which were important to McCul- loch.