Transatlantic speculations: globalization and the panics of 1873
"Davies's book examines the financial panics of 1873, considering both the financial speculations born of exuberance that led to these panics and the interpretative speculations born of the crises, and exploring what this in turn reveals about contemporary notions of the world economy and...
Gespeichert in:
1. Verfasser: | |
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Format: | Buch |
Sprache: | English |
Veröffentlicht: |
New York
Columbia University Press
[2018]
|
Schlagworte: | |
Online-Zugang: | Inhaltsverzeichnis |
Zusammenfassung: | "Davies's book examines the financial panics of 1873, considering both the financial speculations born of exuberance that led to these panics and the interpretative speculations born of the crises, and exploring what this in turn reveals about contemporary notions of the world economy and transnational economic entanglement. Davies begins by exploring the way in which information acted at first as a legitimating factor, with manuals and market reports explaining the nature of securities trading and making it not only intelligible, but seemingly profitable and attractive as well. She goes on to look at the role that financial reportage and the emergent financial press created a market for information, and the role the spreading or the consolidation of information could effect the actual market. This imbalance of information played a critical role in the reaction of the bubble that eventually burst and caused the panic of 1873. But the panic did not rectify the asymmetry of information, as is reflected in the differing explanations assigned to the panic on opposite sides of the Atlantic, and the differing responses to it. While Germany and Austria blamed American speculators, until changing targets in the grip of an antisemtic fervor, the Americans were largely unaware of the panic in Europe, and instead ascribed corruption and amorality to all ethnicities and classes. Thus, shareholder rights were soon granted sweeping protections in Austria and Germany, while in the United States the shareholders were actively blamed for the crash, and were accorded far fewer legal protections"... |
Beschreibung: | Includes bibliographical references and index |
Beschreibung: | xix, 226 Seiten |
ISBN: | 9780231185561 |
Internformat
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500 | |a Includes bibliographical references and index | ||
520 | |a "Davies's book examines the financial panics of 1873, considering both the financial speculations born of exuberance that led to these panics and the interpretative speculations born of the crises, and exploring what this in turn reveals about contemporary notions of the world economy and transnational economic entanglement. Davies begins by exploring the way in which information acted at first as a legitimating factor, with manuals and market reports explaining the nature of securities trading and making it not only intelligible, but seemingly profitable and attractive as well. She goes on to look at the role that financial reportage and the emergent financial press created a market for information, and the role the spreading or the consolidation of information could effect the actual market. This imbalance of information played a critical role in the reaction of the bubble that eventually burst and caused the panic of 1873. But the panic did not rectify the asymmetry of information, as is reflected in the differing explanations assigned to the panic on opposite sides of the Atlantic, and the differing responses to it. While Germany and Austria blamed American speculators, until changing targets in the grip of an antisemtic fervor, the Americans were largely unaware of the panic in Europe, and instead ascribed corruption and amorality to all ethnicities and classes. Thus, shareholder rights were soon granted sweeping protections in Austria and Germany, while in the United States the shareholders were actively blamed for the crash, and were accorded far fewer legal protections"... | ||
648 | 7 | |a Geschichte 1870-1880 |2 gnd |9 rswk-swf | |
648 | 7 | |a Geschichte 1873 |2 gnd |9 rswk-swf | |
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689 | 1 | |8 2\p |5 DE-604 | |
776 | 0 | 8 | |i Erscheint auch als |n Online-Ausgabe |z 9780231546218 |
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Datensatz im Suchindex
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adam_text | CONTENTS Acknowledgments vii Introduction ix 1. Setting the Stage: Institutions and Cultures of Speculation in the 1860s and Early 1870s 1 2. The Virtual World of Financial Information and the Making of a Bubble 25 3. Predicting and Experiencing the Panics of 1873 53 4. Flows of Paper, Flows of Gold: Theorizing the Panics 79 5. Capitalism, Conspiracy, Corruption, and the Moral Economy of a Financial Crisis 99 6. Criminalizing Promoters, Protecting Shareholders Conclusion 145 Notes 153 Bibliography 19s Index 219 127
|
any_adam_object | 1 |
author | Davies, Hannah Catherine 1982- |
author_GND | (DE-588)1175650099 |
author_facet | Davies, Hannah Catherine 1982- |
author_role | aut |
author_sort | Davies, Hannah Catherine 1982- |
author_variant | h c d hc hcd |
building | Verbundindex |
bvnumber | BV046061632 |
callnumber-first | H - Social Science |
callnumber-label | HB3717 1873 |
callnumber-raw | HB3717 1873 |
callnumber-search | HB3717 1873 |
callnumber-sort | HB 43717 41873 |
callnumber-subject | HB - Economic Theory and Demography |
classification_rvk | NP 2780 |
ctrlnum | (OCoLC)1045795768 (DE-599)BVBBV046061632 |
dewey-full | 330.9/034 |
dewey-hundreds | 300 - Social sciences |
dewey-ones | 330 - Economics |
dewey-raw | 330.9/034 |
dewey-search | 330.9/034 |
dewey-sort | 3330.9 234 |
dewey-tens | 330 - Economics |
discipline | Geschichte Wirtschaftswissenschaften |
era | Geschichte 1870-1880 gnd Geschichte 1873 gnd |
era_facet | Geschichte 1870-1880 Geschichte 1873 |
format | Book |
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genre_facet | Hochschulschrift |
id | DE-604.BV046061632 |
illustrated | Not Illustrated |
indexdate | 2024-07-10T08:34:10Z |
institution | BVB |
isbn | 9780231185561 |
language | English |
lccn | 018012327 |
oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-031442947 |
oclc_num | 1045795768 |
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owner | DE-29 DE-355 DE-BY-UBR DE-11 |
owner_facet | DE-29 DE-355 DE-BY-UBR DE-11 |
physical | xix, 226 Seiten |
publishDate | 2018 |
publishDateSearch | 2018 |
publishDateSort | 2018 |
publisher | Columbia University Press |
record_format | marc |
spelling | Davies, Hannah Catherine 1982- (DE-588)1175650099 aut Transatlantic speculations globalization and the panics of 1873 Hannah Catherine Davies New York Columbia University Press [2018] xix, 226 Seiten txt rdacontent n rdamedia nc rdacarrier Includes bibliographical references and index "Davies's book examines the financial panics of 1873, considering both the financial speculations born of exuberance that led to these panics and the interpretative speculations born of the crises, and exploring what this in turn reveals about contemporary notions of the world economy and transnational economic entanglement. Davies begins by exploring the way in which information acted at first as a legitimating factor, with manuals and market reports explaining the nature of securities trading and making it not only intelligible, but seemingly profitable and attractive as well. She goes on to look at the role that financial reportage and the emergent financial press created a market for information, and the role the spreading or the consolidation of information could effect the actual market. This imbalance of information played a critical role in the reaction of the bubble that eventually burst and caused the panic of 1873. But the panic did not rectify the asymmetry of information, as is reflected in the differing explanations assigned to the panic on opposite sides of the Atlantic, and the differing responses to it. While Germany and Austria blamed American speculators, until changing targets in the grip of an antisemtic fervor, the Americans were largely unaware of the panic in Europe, and instead ascribed corruption and amorality to all ethnicities and classes. Thus, shareholder rights were soon granted sweeping protections in Austria and Germany, while in the United States the shareholders were actively blamed for the crash, and were accorded far fewer legal protections"... Geschichte 1870-1880 gnd rswk-swf Geschichte 1873 gnd rswk-swf Depressions 1873 Europe Depressions 1873 United States Journalism, Commercial 19th century Speculation History 19th century Spekulative Blase (DE-588)4450213-8 gnd rswk-swf Finanzkrise (DE-588)7635855-0 gnd rswk-swf Spekulation Wirtschaft (DE-588)4056142-2 gnd rswk-swf Börsenspekulation (DE-588)4131941-2 gnd rswk-swf 1\p (DE-588)4113937-9 Hochschulschrift gnd-content Finanzkrise (DE-588)7635855-0 s Börsenspekulation (DE-588)4131941-2 s Geschichte 1873 z DE-604 Spekulation Wirtschaft (DE-588)4056142-2 s Spekulative Blase (DE-588)4450213-8 s Geschichte 1870-1880 z 2\p DE-604 Erscheint auch als Online-Ausgabe 9780231546218 Digitalisierung UB Regensburg - ADAM Catalogue Enrichment application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=031442947&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk 2\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
spellingShingle | Davies, Hannah Catherine 1982- Transatlantic speculations globalization and the panics of 1873 Depressions 1873 Europe Depressions 1873 United States Journalism, Commercial 19th century Speculation History 19th century Spekulative Blase (DE-588)4450213-8 gnd Finanzkrise (DE-588)7635855-0 gnd Spekulation Wirtschaft (DE-588)4056142-2 gnd Börsenspekulation (DE-588)4131941-2 gnd |
subject_GND | (DE-588)4450213-8 (DE-588)7635855-0 (DE-588)4056142-2 (DE-588)4131941-2 (DE-588)4113937-9 |
title | Transatlantic speculations globalization and the panics of 1873 |
title_auth | Transatlantic speculations globalization and the panics of 1873 |
title_exact_search | Transatlantic speculations globalization and the panics of 1873 |
title_full | Transatlantic speculations globalization and the panics of 1873 Hannah Catherine Davies |
title_fullStr | Transatlantic speculations globalization and the panics of 1873 Hannah Catherine Davies |
title_full_unstemmed | Transatlantic speculations globalization and the panics of 1873 Hannah Catherine Davies |
title_short | Transatlantic speculations |
title_sort | transatlantic speculations globalization and the panics of 1873 |
title_sub | globalization and the panics of 1873 |
topic | Depressions 1873 Europe Depressions 1873 United States Journalism, Commercial 19th century Speculation History 19th century Spekulative Blase (DE-588)4450213-8 gnd Finanzkrise (DE-588)7635855-0 gnd Spekulation Wirtschaft (DE-588)4056142-2 gnd Börsenspekulation (DE-588)4131941-2 gnd |
topic_facet | Depressions 1873 Europe Depressions 1873 United States Journalism, Commercial 19th century Speculation History 19th century Spekulative Blase Finanzkrise Spekulation Wirtschaft Börsenspekulation Hochschulschrift |
url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=031442947&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
work_keys_str_mv | AT davieshannahcatherine transatlanticspeculationsglobalizationandthepanicsof1873 |