Globalising Capital: Britain and the World, 1846-1913
Value: half unit
Dr Emmett Sullivan
Taught through weekly
lectures and weekly follow-up seminars
Best Essay of 2 (30%) and 2-hour Exam (70%)
Did the late-Victorian and Edwardian British economy ‘fail’? This recurring question will be at the heart of this course, which covers the economic developments affecting the international economy between the Irish potato famine and the First World War. Emphasis will be placed on Britain’s pivotal role in developing the international economy, and the course will contrast Britain’s fortunes with the rise of the ‘newly industrialising economies’ of the late nineteenth-century – the US, Germany, and to a lesser degree, Japan. Topics covered along the way include international migration and investment, the international Gold Standard, the development of manufacturing and trade protection, and the relative economic strength of nations by the First World War. International economic relations and trade policy will be recurring themes.