Part Three: Transformation to Urban Industrial Capitalism
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January 2021
- Jan 22, 2021 #24 A Transformative Timeline: Transformation and Destruction Jan 22, 2021
- Jan 29, 2021 #25 Transformation is Revolutionary Jan 29, 2021
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February 2021
- Feb 5, 2021 #26 Transformation and Western Social Science Feb 5, 2021
- Feb 12, 2021 #27 The French Revolution, Napoleon and the Beginnings of Transformation Across Europe Feb 12, 2021
- Feb 19, 2021 #28 War, Revolution and the Struggle for European Domination 1750 to 1815: Conditions for Industrial Transformation in Europe Feb 19, 2021
- Feb 26, 2021 #29 European Transformation and World Power Feb 26, 2021
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March 2021
- Mar 5, 2021 #30 The Revolution in Haiti Mar 5, 2021
- Mar 12, 2021 #31 Britain and the 19th Century Mar 12, 2021
- Mar 19, 2021 #32 Industrialisation and Technological Transformation Mar 19, 2021
- Mar 26, 2021 #33 Finance, Banking and the Gold Standard: a Privatised National Money Market Mar 26, 2021
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April 2021
- Apr 1, 2021 #34 Catching Up and Falling Behind Apr 1, 2021
- Apr 9, 2021 #35 Monopoly Cartels: Concentration of Capital Apr 9, 2021
- Apr 16, 2021 #36 Industrialisation: the USA and Germany Apr 16, 2021
- Apr 23, 2021 #37 Colonisation Renewed: The Struggle for Global Dominance in the 19th Century Apr 23, 2021
#34 Catching Up and Falling Behind
In one sense, each growing economy in Europe adapted its own banking to its particular needs. Britain, the leading 19th century nation in Europe, developed its private banking structure for the needs of colonial trade: long-term capital investment opportunities abroad. Germany, on the other hand, developed its banking structure with the purpose of 'catching up'.