British Capital and Merchandise Exports, 1870–1913: The Bilateral Case of New Zealand

The Ford thesis argued that there was a short‐term causal relationship between British overseas investment and British merchandise exports in the late nineteenth century. However, economic historians since Ford have found little empirical evidence in support of this argument. Using data on bilateral British lending, this article finds that such a relationship did exist, with British ex ante lending preceding merchandise exports by 2 years. A case study of New Zealand, which had an extraordinarily high share of Britain in its imports, reveals that the relationship was conditional upon the lending being allocated to social overhead capital.     

MAKING THE COLONIAL STATE: DEVELOPMENT,DEBT, AND WARFARE IN NEW ZEALAND, 1853–76

Warfare in New Zealand during the 1860s has recently been linked to the rise of the central state and growth of the national debt in that colony. This article argues that any parallel to the growth of the European fiscal‐military state is misguided. The fundamental cause of state centralisation and rising indebtedness was the same long‐run dynamic of colonial development active in all settler societies during the nineteenth century. The colonial state functioned, in part, to raise capital for development, and if necessary the colonial state would be remodelled in order to achieve this. New Zealand was no exception.     

A Tale of Two Armies: Comparative Growth in the Mirror of the First World War

Soldiers born during the late nineteenth century were taller in Australia than in Canada. A widening of the gap for those born in the 1890s supports the more optimistic interpretation of Australia's 1890s depression and is consistent with the ‘hazardous growth’ hypothesis of an inverse relationship between economic change and public health. The rural–urban stature gradient was steeper in Australia although Canada had greater stature inequality in all other dimensions. Native-born soldiers were taller than the British-born in both countries. We see no evidence of selective migration effects that would imply feedback from stature to growth.     

If the landlord so wanted . . . Family,farm production,and land transfers in the manorial system1

The manorial system was a salient feature of the pre‐industrial economy in Europe from the early middle ages until the late nineteenth century. Despite its importance, it is not usually the main focus of eighteenth‐ and early nineteenth‐century European economic history. Looking at a vital manorial economy, this article deals with land transmissions, a crucial factor in the socioeconomic reproduction of pre‐industrial societies, and demonstrates both similarities and important differences between the tenants on manorial land and freeholders. Although their strategies were often similar, we show that the manorial system consisted of a two‐party government—the landlord and the tenant—whose interests did not always coincide. In the nineteenth century, market expansion and commercialization promoted more active landlord strategies in terms of demesne expansions and by means of implementing short‐term leases. This made intergenerational transfers within the family increasingly difficult for tenants.     

The impact of female employment on male salaries and careers: evidence from the English banking industry, 1890–1941

The late nineteenth‐ and early twentieth‐century British labour market experienced an influx of female clerical workers. Employers argued that female employment increased opportunities for men to advance; however, most male clerks regarded this expansion of the labour supply as a threat to their pay and status. This article examines the effects of female employment on male clerks using data from Williams Deacon's Bank covering a period 25 years prior to and 25 years subsequent to the initial employment of women. It is shown that, within position, women were substitutes for younger men, but not for senior men. In addition, the employment of women in routine positions allowed the bank to expand its branch network, creating new higher‐level positions, which were almost always filled by men.     

Geography, insolation, and vitamin D in nineteenth century US African-American and white statures

Using a new source of nineteenth century US state prison records I contrast the biological living conditions of comparable African-Americans and whites. Although blacks and whites today in the US reach similar terminal statures, nineteenth century African-American statures were consistently shorter than those of whites. Greater insolation (vitamin D production) is shown to be associated with taller black and white statures and a considerable share of the stature difference between US blacks and whites was attributable to insolation and vitamin D production. Black statures increased during the antebellum period, while white statures declined. Black and white statures both decreased after the Civil War. Farmers were taller than workers in other occupations, and an alternative explanation for stature variation by social class is considered.     

The shift from sterling to the dollar, 1965–76: evidence from Australia and New Zealand

The management of foreign exchange reserves has recently attracted attention from both policy‐makers and historians. Historical research has focussed on the nineteenth century and the interwar period, with less attention to the strategies of smaller countries in the final transition from sterling to the dollar in the post‐1945 period. This article examines the evolution of reserve currency policy from the perspective of Australia and New Zealand in the 1960s and early 1970s. As in the 1930s, economic uncertainty and a shift in global economic power prompted changes in reserves strategy. Patterns of trade and debt and falling confidence in British economic policy prompted a move away from sterling, but the timing and extent of this transition were affected by the fragility of the sterling exchange rate, lack of alternative assets, and continued dependence on the London capital market. The choices for Australia and New Zealand were thus constrained, but they were able to leverage their position as holders of sterling to engage in agreements that provided an exchange rate guarantee for their sterling holdings and continued access to the London capital market. This mitigated the effect of the final global transition from sterling to the dollar while protecting their interests.     

Economic Stagnation and Crisis in Korea during the Eighteenth and Nineteenth Centuries

In contrast to rapid economic growth in the twentieth century, Korea suffered a long economic decline in the eighteenth and nineteenth centuries, with the failure accelerating from 1850 to 1890. According to 36 different harvest records, rice productivity continuously declined from the early eighteenth to the late nineteenth centuries due to deforestation and increase in natural disasters. Contraction of rural markets after the interruption of trade with Japan also contributed to the decrease in rice production. The third reason for the nineteenth‐century crisis was the dissolution of the government‐led grain storage and redistribution system. Finally, the ultimate culprit for the crisis could be found in Confucianism with which the Joseon Dynasty was unable to properly understand and respond to the crisis.     

Laying the Victorians to Rest: Funerals,Memorials, and the Funeral Business in Nineteenth‐Century Otago

This article seeks to integrate the history of the physical aspects of burial practices with the cultural aspects of mourning and bereavement by considering the businesses that catered for the demand created by funerals and mourning in the second half of the nineteenth century. The example of the first major industrial and commercial urban centre to develop in New Zealand, Dunedin, is used to show that a range of businesses emerge quickly to cater for the funerary trade. Many were short lived, and few specialised exclusively in the funerary business.     

Mechanization and the spatial distribution of industries in the German Empire, 1875 to 1907

The adoption of water, steam, and electric power transformed manufacturing in the nineteenth century. This article studies the relationship between this technological change and the spatial distribution of manufacturing industries in the German Empire during the late nineteenth and early twentieth century. The adoption of steam powered machinery created incentives for manufacturers to form industry clusters near coal mining regions. Specifically, this article shows that a one standard deviation increase in the average size of steam power operations was associated with a rise in geographic concentration of one‐quarter of a standard deviation. In contrast, a one standard deviation increase in the size of water power operations was associated with a drop in geographic concentration of one‐sixth of a standard deviation. This is consistent with the constraint that water powered plants had to be located on a stream with a sufficient gradient and away from other water powered plants to avoid disruption from neighbouring gates and dams. Together the findings indicate that the transition from water to steam powered machinery contributed to the geographic concentration of manufacturing in the nineteenth century.     

Convergence and divergence of numeracy: the development of age heaping in Latin America from the seventeenth to the twentieth century1

This study makes the first systematic attempt to trace the long‐term development of Latin American numeracy, a phenomenon of great interest to economic historians in that it serves as an accurate gauge of human capital development. In order to approximate basic numeracy we use age‐heaping techniques. We find that Latin America was on a path of convergence with western Europe during the early eighteenth century. During the early nineteenth century, not only did numeracy development stagnate in some Latin American countries but differences among some of them actually increased. While numeracy rates in Argentina, Uruguay, and to a lesser extent Brazil, along with Europe, underwent a significant increase in the late nineteenth century, they declined in Mexico, Ecuador, and Colombia. By performing a regression analysis, we find that, even when we control for investment in education, mass immigration contributed to human capital formation.     

Identifying the woes of the cotton textile industry in Bengal: tales of the nineteenth century

This article seeks to answer three basic questions about the nineteenth‐century cotton textile industry in Bengal that still remain unresolved in the literature; namely, when did the industry begin to decay, what was the extent of its decay during the early nineteenth century, and what were the factors that led to this? In the absence of data on production, this article seeks to settle the debate on the basis of the industry's market performance and its consumption of raw materials. It contests the prevailing hypothesis that the industry's perpetual decline started in the late eighteenth or the early nineteenth century. Instead, it is argued that the decline started around the mid‐1820s. The pace of its decline was, however, slow though steady at the beginning, but reached crisis point by 1860, when around 563,000 workers lost their jobs. Regarding the extent of its decay, this article concludes that the industry was diminished by about 28 per cent by the mid‐1800s. However, it survived in the high‐end and low‐end domestic markets. Evidence is also gathered in favour of the hypothesis that, although British discriminatory policies undoubtedly depressed the industry's export outlet, its decay is better explained by technological innovations in Great Britain.     

Growing Incomes,Growing People in Nineteenth-Century Tasmania

The earliest measures of well-being for Europeans born in the Pacific region are heights and wages in Tasmania. Evidence of rising stature in middle decades of the nineteenth century survives multiple checks for measurement, compositional, and selection bias. The challenge to health and stature seen in other settler societies (the ‘antebellum paradox’) is not visible here. We sketch an interpretation for the simultaneous rise of Tasmanian stature and per capita gross domestic product based on relatively slow population growth and urbanisation, a decline in food cost per family member available from a worker's wage, and early recognition of the importance of public health.     

Biology,Complexion, and Socioeconomic Status: Accounting for Nineteenth Century Body Mass Index by Race

Nineteenth‐century US whites were taller than their mulatto and darker complexioned African‐American counterparts, a pattern known as the ‘Mulatto Advantage’. If this pattern was due to social preferences, fairer complexioned whites would have had greater body mass index (BMIs) values. This study shows that late nineteenth‐ and early twentieth‐century US BMIs differed by race, and darker complexions were associated with greater BMI values. Mulattos had greater BMI returns associated with socioeconomic characteristics, indicating that while blacks had greater BMIs than fairer complexioned whites and mulattos, part of the difference was offset by socioeconomic characteristics that favoured fairer complexions.     

The high wage economy and the industrial revolution: a restatement

This article responds to Humphries's critique of Allen's assessment of the high wage economy of eighteenth‐century Britain and its importance for explaining the industrial revolution. New evidence is presented to show that women and children participated in the high wage economy. It is also shown that the high wage economy provides a good explanation of why the industrial revolution happened in the eighteenth century by showing that increases of women's wages around 1700 greatly increased the profitability of using spinning machinery. The relationship between the high wage economy of the eighteenth century and the inequality and poverty in Britain in the nineteenth century is explored.     

Entrepreneurs,formalization of social ties,and trustbuilding in Europe (fourteenth to twentieth centuries)1

The establishment of trust is a key component of economic activity and social ties can make business dealings work better. However, we do not know much about how economic actors created new social ties deliberately in order to pursue their objectives. This article analyses the way in which merchants and entrepreneurs used specific rituals to establish formal social ties, with the intent of protecting their business relationships. It focuses on relational instruments that until now had been neglected, particularly godparenthood and marriage witnessing. It shows that formalization, ritualization, and publicity of ties were used by entrepreneurs to establish trust with their business associates, for example when information was asymmetric or when institutions were perceived as inefficient in guaranteeing mutual good behaviour. The analysis covers a long period, from the late middle ages to today. It pays particular attention to the consequences of the Reformation in the sixteenth and seventeenth centuries and of the industrial revolution in the nineteenth. Contrary to the received wisdom, it suggests that formal social ties such as godparenthood continued to play an important role in economic activity during and after the industrial revolution. New databases on early modern Italy and nineteenth‐century France are used.     

ANOTHER SPINNING INNOVATION: THE CASE OF THE RATTLING SPINDLE,GARABŌ, IN THE DEVELOPMENT OF THE JAPANESE SPINNING INDUSTRY

Through the importation of the state‐of‐the‐art British spinning technology of the late nineteenth century, a new cotton spinning sector began to emerge in Meiji Japan during the 1870s and 1880s. This hectic technology transfer was accompanied by a remarkable domestic technological breakthrough that enabled the local spinners to significantly increase productivity to meet the unprecedented pace of the soaring market demand. This paper examines a relatively neglected case of the rattling spindle, Garabō, which was a product of Japanese native industrial endowments in parallel with the development of the British‐style mills.     

Shipping and economic development in nineteenth‐century Ireland1

The tonnage of shipping entering and leaving Ireland grew rapidly from the late eighteenth century until the mid‐1870s, after which there was a distinct slowdown. The mid‐nineteenth century was notable for a five‐fold increase in shipping per capita, an indicator of the Irish economy’s increasing commercialization. The slowdown after 1870 would have been even greater without the industrial dynamism of Belfast, Ireland’s leading port from the 1880s. The early and rapid introduction of steamships from the 1820s made possible large‐scale exports of live animals and fresh eggs, products that would account for 60 per cent of agricultural exports and a quarter of total exports by 1910.