Why do stock and housing markets sometimes experience amazing booms followed by massive busts and why is this happening more and more frequently? In order to answer these questions, William Quinn and John D. Turner take us on a riveting ride through the history of financial bubbles, visiting, among other places, Paris and London in 1720, Latin America in the 1820s, Melbourne in the 1880s, New York in the 1920s, Tokyo in the 1980s, Silicon Valley in the 1990s and Shanghai in the 2000s. As they do so, they help us understand why bubbles happen, and why some have catastrophic economic, social and political consequences whilst others have actually benefited society. They reveal that bubbles start when investors and speculators react to new technology or political initiatives, showing that our ability to predict future bubbles will ultimately come down to being able to predict these sparks.

Originally published in 1986, this is a business history of the first twenty-five years of nationalised railways in Britain. Commissioned by the British Railways Board and based on the Board's extensive archives, it fully analyses the dynamics of nationalised industry management and the complexities of the vital relationship with government. After exploring the origins of nationalisation, the book deals with the organisation, financial performance, investment and commercial policies of the British Transport Commission (1948-2), Railway Executive (1948-53) and British Railways Board (1963-73). Calculations of profit and loss, investment, and productivity are provided on a consistent basis for 1948-73. This business history thus represents a major contribution not only to the debate about the role of the railways in a modern economy but also to that concerning the nationalised industries, which have proved to be one of the most enduring problems of the British economy since the war.

Based on privileged access to the British Railway Board's rich archives, this book provides and authoritative account of the progress made by the British Railway System prior to its privatization. It offers a unique account of the last fifteen years of nationalized railways in Britain, and it sheds light on the current problems of privatized railway systems. This volume is divided into four complete and concise sections for complete study: 'Railways Under Labour (1974-1979)', 'The Thatcher Revolution (British Rail in the 1980's)', 'On The Threshold of Privatization: Running the Railways (1990-1994)', and 'Responding to Privatization (1981-1997)'. Author Terry Gourvish is considered Britain's leading railway historian.

First Published in 2005. This study uses the Baring archive to provide a professional and contemporary understanding of the foreign financial history of Continental Europe and the United States from the years 1815 to 1870. The material gathered in this book, for France, Russia, Austria, Spain and the United States, and the conclusions reached in all the chapters, go far towards supporting and confirming that the belief that capital exports give rise to growth is an inflated claim.

The authoritative and fascinating history of the rise and fall of the state-owned British Rail 'Wolmar's book is impeccably organised and makes a fast, enjoyable read' THE TIMES Literary Supplement________ British Rail wasn't how we're asked to remember it . . . From ancient rolling stock to patchy service, stale sandwiches to the wrong kind of snow, British Rail - our last great state-owned organisation to be privatised - has received a terrible press. But after its controversial 1948 creation, British Rail was actually an innovative powerhouse that over five decades transformed the UK, creating one of the fastest regular rail services in the world. Award-winning journalist Christian Wolmar takes us from promise to punchline, exploring British Rail's birth into post-war austerity, the many battles and struggles to evolve what many considered to be a dinosaur, and how, at the height of its success, the service was misunderstood and unfairly maligned, ruthlessly broken up and privatised._______ Praise for Christian Wolmar 'Wolmar is the high priest of railway studies' Literary Review 'The greatest expert on British trains' Guardian 'Our most eminent transport journalist' Spectator 'If the world's railways have a laureate, it is surely Christian Wolmar' Boston Globe 'Christian Wolmar is in love with the railways. He writes constantly and passionately about them. He is their wisest, most detailed historian and a constant prophet of their rebirth . . . if you love the hum of the wheels and of history, then Christian Wolmar is your man' Observer

This report examines the key factors that drive the costs of high-speed rail investment and reviews the economic benefits delivered by high-speed rail services on the basis of experience in countries that have developed large high-speed rail networks.