In the end, the British sacrificed her Empire to stop the Germans, Japanese and Italians from keeping theirs. Did not that sacrifice alone expunge all the Empire's other sins?
In marked contrast, Ottoman scientific progress was non-existent in this same period. The best explanation for this divergence was the unlimited sovereignty of religion in the Muslim world. Towards th...
If there is one educational policy I would like to see adopted throughout the United Kingdom, it would be a policy that aimed to increase significantly the number of private educational institutions –...
En 1863, en Newcastle, el doctor James Hunt había dejado consternada a la audiencia de una reunión de la British Association for the Advancement of Science, al afirmar que los «negros» eran una especi...
Driving Dixie Down In May 1863, two years into the American Civil War, Major-General Ulysses S. Grant captured Jackson, the Mississippi state capital, and forced the Confederate army under Lieutenant-...
Debts were transferable, hence ‘pay the bearer’ rather than a named creditor.
Buying a 100,000 yen bond keeps the capital sum safe while also providing regular payments to the saver. To be precise, the bond pays a fixed rate or ‘coupon’ of 1.5 per cent: 1,500 yen a year in the...
Bread, cash, dosh, dough, loot, lucre, moolah, readies, the where-withal: call it what you like, money matters.
¿Sirve el Hummer para la conquista, o para el consumo? La respuesta es que para ambas cosas. De hecho, con su bajo kilometraje por litro (un promedio de cuatro kilómetros por litro) y su gran altura y...
Two square yards of public land. Their arbitrary act of expropriation cost Mohamed Bouazizi his livelihood and his life. But his self-immolation sparked a revolution – though how glorious a revolution...
Tranche
Tranches
The libel that Jews ritually murdered Christian children to mix their blood in the unleavened bread baked at Passover appears to have originated in twelfth-century England. By the fifteenth century it...
The joint-stock, limited-liability corporation: joint-stock because the company’s capital was jointly owned by multiple investors; limited-liability because the separate existence of the company as a...
The Japanese had won by being more European than the Russians; their ships were more modern, their troops better disciplined, their artillery more effective. To Leo Tolstoy, the titan of Russian lette...
Public expectations of inflation to shift and the demand for cash balances to fall
Perennial truths of financial history. Sooner or later every bubble bursts. Sooner or later the bearish sellers outnumber the bullish buyers. Sooner or later greed turns to fear.
Most money is invisible, little more than numbers on a computer screen?
It was decreed that Banque Générale notes should be used in payment for all taxes, a measure initially resisted in some places but effectively enforced by the government. Law’s ambition was to revive...
It is no longer a mere possibility that this network can be instrumentalized by corrupt oligarchs or religious fanatics to wage a new and unpredictable kind of war in cyberspace. That war has commence...