Playing the Market

2021 ◽  
Author(s):  
Kieran Heinemann
Keyword(s):  
World War I ◽  
Stock Market ◽  
Trade Union ◽  
Conservative Party ◽  
British Society ◽  
World War ◽  
Market Culture ◽  
History Of ◽  
Post War ◽  
Financial Securities

At the dawn of World War I (WWI), the British stock market was the preserve of a wealthy elite, and most people in finance and politics agreed that it should stay this way. By the end of the century, Britain had more individual shareholders than trade union members. This book explores the financial, political, and cultural forces that brought about this dramatic change in British society. By capturing the voices and experiences of everyday investors, this study brings to life the history of Britain’s vibrant stock market culture: from the mass investment in war bonds during WWI, through the expansion of the financial press in the post-war decades, to the ‘popular capitalism’ of Margaret Thatcher’s Conservative Party during the 1980s. Throughout the century, the stock market came to play an ever larger role in people’s lives through pension funds and life insurances. But as financial securities lost their age-old stigma of being either immoral or suitable only for the upper classes, the markets also became a popular pastime for millions of Britons who were seeking higher than average returns and a similar thrill of risk and reward to that of gambling on horses or the football pools. Playing the Market forcefully reminds us that gambling is not—as many financial professionals would have us believe—a parasitical element to the otherwise rational and prudent sphere of modern finance. Instead, it is one of its constituent features and explains why until this day, the stock market is either criticized or celebrated as a casino.

Introduction

2007 ◽  
Author(s):  
R. J. W. Evans
Keyword(s):  
World War I ◽  
World War ◽  
Habsburg Monarchy ◽  
European Continent ◽  
History Of ◽  
And Gender ◽  
Post War

The formation of Czechoslovakia introduced a remarkable novelty into the heart of the European continent after World War I. It was an unexpected creation and a completely new state, whereas its neighbours as successors to the Habsburg Monarchy either carried historic names and connections (Austria, Hungary, Poland), or were reincarnations of existing sovereign realms (Yugoslavia), or both (Rumania). Moreover, Czechoslovakia seemed uniquely to embody the ideals of the post-war settlement, as a polity with strongly western, democratic, and participatory elements. Yet Czechoslovakia was a historical construct, deeply rooted in earlier developments. It constitutes classic terrain for a study of the ‘nationalist and fascist Europe’ which emerged after 1918. This book deals with the history of Czechoslovakia and discusses Czech nationalism, along with the Czechs' relationship with Slovaks and Germans, Britain's policy towards Czechoslovakia, and gender and citizenship in the first Czechoslovak Republic.

The Stock Market Game in Post-war Britain

2021 ◽  
pp. 59-96
Author(s):  
Kieran Heinemann
Keyword(s):  
World War Ii ◽  
Stock Market ◽  
Demand Management ◽  
Retirement Planning ◽  
Insurance Companies ◽  
Market Game ◽  
World War ◽  
Back Seat ◽  
Post War ◽  
Financial Securities

After World War II, the financial sector took a back seat in Britain’s political economy and Labour’s nationalization programme initially wiped out significant areas of investment. In the post-war decades it was common for politicians of all parties to attack stock market operators as harmful gamblers. This anti-finance rhetoric has obscured our view of retail investment in those years in the way that it became almost invisible from public debate—and a historiography—that was dominated by nationalized industries, Keynesian demand management, and the welfare state. If anything, contemporaries were and scholars have been preoccupied with the ‘Cult of Equity’, the rapid growth of institutional investment at that time. While more private individuals ventured into the stock market—there were approximately 3 million direct shareholders by the early 1960s—their share of listed equity was declining. Hence, the small investor’s comeback went unnoticed in comparison with the shift of pension funds and life insurance companies from bonds into equities once markets had recovered by the mid-1950s. Investors small and large made and lost fortunes in two unprecedented boom markets while the burgeoning climate of affluence and permissiveness loosened traditional reservation against financial securities. More and more middle-class Britons not only invested in equities as a means of retirement planning, but also discovered the stock market as a hobby that offered thrills of risk and reward similar to gambling.

scholarly journals The past as a work in progress

2017 ◽  
Vol 51 (1) ◽  
pp. 1-15 ◽  
Author(s):  
PATRICIA FARA
Keyword(s):  
World War I ◽  
Presidential Address ◽  
Women In Science ◽  
British Society ◽  
World War ◽  
The Past ◽  
The First World War ◽  
History Of ◽  
Female Scientists ◽  
First World

AbstractOriginating as a presidential address during the seventieth birthday celebrations of the British Society for the History of Science, this essay reiterates the society's long-standing commitment to academic autonomy and international cooperation. Drawing examples from my own research into female scientists and doctors during the First World War, I explore how narratives written by historians are related to their own lives, both past and present. In particular, I consider the influences on me of my childhood reading, my experiences as a physics graduate who deliberately left the world of science, and my involvement in programmes to improve the position of women in science. In my opinion, being a historian implies being socially engaged: the BSHS and its members have a responsibility towards the future as well as the past.Life can only be understood backwards; but it must be lived forwards.Søren Kierkegaard,Journals and Papers, 1843

The Society for the Oversea Settlement of British Women and the Problems of Empire Settlement, 1917–1936

1988 ◽  
Vol 20 (3) ◽  
pp. 421-444 ◽  
Author(s):  
Brian L. Blakeley
Keyword(s):  
World War I ◽  
British Society ◽  
British History ◽  
World War ◽  
British Imperialism ◽  
Boer War ◽  
Social Scene ◽  
The Government ◽  
Post War ◽  
First Time

The “deluge” of World War I not only produced change within British society, but it intensified governmental and societal interest in the empire. This trend occurred for several reasons. Britain's wartime co-operation with her dominions led many Britons to assume that this new imperial unity could, and should, be cultivated in the post-war period. The imperial pessimism generated in some circles by the tragedy of the Boer War faded from the public's memory. Equally important, however, by 1917 the government was conscious of the serious economic and social problems Britain would confront once victory had been attained. One of several imperial solutions studied extensively during the war was state supported emigration. The government, which since 1914 had played an increasingly prominent role in solving society's problems, believed that emigration would serve a variety of useful purposes. It would alleviate the distress of thousands of British women, it would accelerate the economic and social development of the dominions, and it would strengthen the British Empire, giving it the power and self-assurance necessary to carry out its diplomatic and military roles in the post-war world. During the course of these deliberations during and immediately after World War I, the importance of women to any comprehensive strengthening of the empire was fully accepted by the government for the first time in British history.The growth of interest in government sponsored imperial migration, including that of women, did not occur, however, in a vacuum. The 1920s and 1930s were, as it is increasingly recognized, “a great age of British Imperialism,” during which the “mass pheonomena of Empire—the Empire Shopping Weeks, the Empire Exhibitions and Empire Day celebrations” became a prominent part of the British social scene.

Press Propaganda and Subaltern Agents of Pan-Islamic Networks in the Muslim Mediterranean World prior to World War I

2018 ◽  
Author(s):  
Odile Moreau
Keyword(s):  
Middle East ◽  
World War I ◽  
North Africa ◽  
World War ◽  
Subaltern Studies ◽  
Resistance Movements ◽  
The Press ◽  
Mediterranean World ◽  
History Of

This chapter explores movement and circulation across the Mediterranean and seeks to contribute to a history of proto-nationalism in the Maghrib and the Middle East at a particular moment prior to World War I. The discussion is particularly concerned with the interface of two Mediterranean spaces: the Middle East (Egypt, Ottoman Empire) and North Africa (Morocco), where the latter is viewed as a case study where resistance movements sought external allies as a way of compensating for their internal weakness. Applying methods developed by Subaltern Studies, and linking macro-historical approaches, namely of a translocal movement in the Muslim Mediterranean, it explores how the Egypt-based society, al-Ittihad al-Maghribi, through its agent, Aref Taher, used the press as an instrument for political propaganda, promoting its Pan-Islamic programme and its goal of uniting North Africa.

Charles de Gaulle and European Community

2020 ◽  
Vol 2020 (10-3) ◽  
pp. 70-81
Author(s):  
David Ramiro Troitino ◽  
Tanel Kerikmae ◽  
Olga Shumilo
Keyword(s):  
World War Ii ◽  
European Community ◽  
World War ◽  
Charles De Gaulle ◽  
The United Kingdom ◽  
History Of ◽  
The Common ◽  
Post War ◽  
De Gaulle

This article highlights the role of Charles de Gaulle in the history of united post-war Europe, his approaches to the internal and foreign French policies, also vetoing the membership of the United Kingdom in the European Community. The authors describe the emergence of De Gaulle as a politician, his uneasy relationship with Roosevelt and Churchill during World War II, also the roots of developing a “nationalistic” approach to regional policy after the end of the war. The article also considers the emergence of the Common Agricultural Policy (hereinafter - CAP), one of Charles de Gaulle’s biggest achievements in foreign policy, and the reasons for the Fouchet Plan defeat.

The War of Legs

Transfers ◽  
2015 ◽  
Vol 5 (2) ◽  
pp. 102-120
Author(s):  
Michael Pesek
Keyword(s):  
World War I ◽  
Medical Care ◽  
East Africa ◽  
Transport Infrastructure ◽  
World War ◽  
East African ◽  
Colonial State ◽  
History Of ◽  
Main Factors ◽  
Belgian Congo

This article describes the little-known history of military labor and transport during the East African campaign of World War I. Based on sources from German, Belgian, and British archives and publications, it considers the issue of military transport and supply in the thick of war. Traditional histories of World War I tend to be those of battles, but what follows is a history of roads and footpaths. More than a million Africans served as porters for the troops. Many paid with their lives. The organization of military labor was a huge task for the colonial and military bureaucracies for which they were hardly prepared. However, the need to organize military transport eventually initiated a process of modernization of the colonial state in the Belgian Congo and British East Africa. This process was not without backlash or failure. The Germans lost their well-developed military transport infrastructure during the Allied offensive of 1916. The British and Belgians went to war with the question of transport unresolved. They were unable to recruit enough Africans for military labor, a situation made worse by failures in the supplies by porters of food and medical care. One of the main factors that contributed to the success of German forces was the Allies' failure in the “war of legs.”

Empires of Antiquities

2020 ◽  
Author(s):  
Billie Melman
Keyword(s):  
British Empire ◽  
World War ◽  
National Politics ◽  
Near Eastern ◽  
Wide Range ◽  
The First World War ◽  
History Of ◽  
Post War ◽  
Mandate System ◽  
First World

Empires of Antiquities is a history of the rediscovery of the imperial civilizations of the ancient Near East in a modern imperial order that evolved between the outbreak of the First World War and the decolonization of the British Empire in the 1950s. It explores the ways in which near eastern antiquity was redefined and experienced, becoming the subject of imperial regulation, modes of enquiry, and international and national politics. A series of globally publicized spectacular archaeological discoveries in Iraq, Egypt, and Palestine, which the book follows, made antiquity material visible and accessible as never before. The book demonstrates that the new definition and uses of antiquity and their relations to modernity were inseparable from the emergence of the post-war international imperial order, transnational collaboration and crises, the aspirations of national groups, and collisions between them and the British mandatories. It uniquely combines a history of the internationalization of archaeology and the rise of a new “regime of antiquities” under the oversight of the League of Nations and its institutions, a history of British attitudes to, and passion for, near eastern antiquity and on-the-ground colonial policies and mechanisms, as well as nationalist claims on the past. It points to the centrality of the new mandate system, particularly mandates classified A in Mesopotamia/Iraq, Palestine, and Transjordan, formerly governed by the Ottoman Empire, and of Egypt, in the new archaeological regime. Drawing on an unusually wide range of materials collected in archives in six countries, as well as on material and visual evidence, the book weaves together imperial, international, and national histories, and the history of archaeological discovery which it connects to imperial modernity.

scholarly journals History of the Military Nurse Corps and the 1918 Influenza Pandemic: Lessons for the 2019 Coronavirus Pandemic

2020 ◽  
Author(s):  
Laura A Talbot ◽  
E Jeffrey Metter ◽  
Heather King
Keyword(s):  
World War I ◽  
Patient Outcomes ◽  
Influenza Pandemic ◽  
Treatment Options ◽  
Primary Therapy ◽  
World War ◽  
Military Nursing ◽  
History Of ◽  
1918 Influenza ◽  
The Military

ABSTRACT During World War I, the 1918 influenza pandemic struck the fatigued combat troops serving on the Western Front. Medical treatment options were limited; thus, skilled military nursing care was the primary therapy and the best indicator of patient outcomes. This article examines the military nursing’s role in the care of the soldiers during the 1918 flu pandemic and compares this to the 2019 coronavirus pandemic.

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