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The rise and decine of the British f...

Kenner, Martin.

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The rise and decine of the British financial empire: The City born in war and undone by war.

Record Type:	Electronic resources : Monograph/item
Title/Author:	The rise and decine of the British financial empire: The City born in war and undone by war./
Author:	Kenner, Martin.
Description:	338 p.
Notes:	Source: Dissertation Abstracts International, Volume: 70-08, Section: A, page: 3141.
Contained By:	Dissertation Abstracts International70-08A.
Subject:	Modern history. -
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3373768
ISBN:	9781109345483

The rise and decine of the British financial empire: The City born in war and undone by war.
Kenner, Martin.

The rise and decine of the British financial empire: The City born in war and undone by war. - 338 p.

Source: Dissertation Abstracts International, Volume: 70-08, Section: A, page: 3141.

Thesis (Ph.D.)--Columbia University, 2009.

This item is not available from ProQuest Dissertations & Theses.

In August 1914, the British cabinet took the nation to war. Among the events leading to war is a paradox: the government, at the moment of the nation's greatest dependence on overseas trade and investment, ignored the opposition of the merchant bankers of the City of London, those highly significant agents for British trade and overseas investment.

ISBN: 9781109345483Subjects--Topical Terms:

2122829
Modern history.

The rise and decine of the British financial empire: The City born in war and undone by war.
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100 1 $a Kenner, Martin. $3 3178595
245 1 4 $a The rise and decine of the British financial empire: The City born in war and undone by war.
300 $a 338 p.
500 $a Source: Dissertation Abstracts International, Volume: 70-08, Section: A, page: 3141.
500 $a Adviser: Eric Foner.
502 $a Thesis (Ph.D.)--Columbia University, 2009.
506 $a This item is not available from ProQuest Dissertations & Theses.
520 $a In August 1914, the British cabinet took the nation to war. Among the events leading to war is a paradox: the government, at the moment of the nation's greatest dependence on overseas trade and investment, ignored the opposition of the merchant bankers of the City of London, those highly significant agents for British trade and overseas investment.
520 $a The costs of this decision caused a dramatic reversal of fortune: before the war Britain was creditor to the world and the United States its debtor; after the war the United States emerged as the world's financial power and Britain found itself in debt to a new rival.
520 $a This dissertation examines how the financial and political elites became crucially divided on the most pressing question facing Britain in a century. I trace the growth of the City from its original role as financier for Britain's wars with France (1689--1815) to banker for the world's railroads and canals and clearinghouse for global trade (1815--1914). Britain's industrial decline enhanced the City's wealth and power as the rise of other industrial behemoths, especially Germany, expanded world trade and, the City's business. As political antagonisms between Britain and Germany sharpened, business relations, grew closer.
520 $a I argue that, contrary to long-established historiography, Britain's wealthiest class was not the most powerful when it came to the decision for war, nor were the interests of the financial elite aligned with the nation's political elite. War would undermine the financial power of the merchant banking elite; whereas for the government, war seemed the only solution to the existential threat represented by Germany. British power in 1914 rested on its financial empire, yet those who guided that financial empire had no voice in the decision that decided its fate and those who decided on war had little interest in the economic consequences of their decision.
590 $a School code: 0054.
650 4 $a Modern history. $3 2122829
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650 4 $a European history. $2 bicssc $3 1972904
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856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3373768