In a series of focused, thematic essays, the book examines railways as the first modern big businesses in Britain and the United States.

This title was first published in 2001. This approach is that of a business and economic historian who is interested in issues of organization, management and corporate strategy, as well as in the men who ran these giant enterprises and the workers they employed. The book is presented as a series of case studies and focussed essays. It is concerned with many of the broader perspectives and issues of business history such as the "Chandler thesis"; the debate about ownerhsip, management and control in large enterprises; the social origins and careers of business leaders; the relationship between big businesses and government; the nature of technological change; and the rhetoric and reality of corporate culture. The British and American experiences are compared and contrasted. The book draws on diverse archival materials from both sides of the Atlantic, and is a distinctive and valuable contribution to railway and business history.

This book explores the phenomenal resources dedicated to understanding and encouraging passengers to consume travel from 1900 to 1939, analysing how place and travel were presented for sale. Using the Great Western Railway as a chief case study, as well as a range of its competitors both on and off the rails, Alexander Medcalf unravels the complex and ever-changing processes behind corporate sales communications. This volume analyses exactly how the company pictured passengers in the countryside, at the seaside, in the urban landscape and in the company’s vehicles. This thematic approach brings transport and business history thoroughly in line with tourism and leisure history as well as studies in visual culture.

This is the first history of the British railway system written from a modern economic perspective. It uses conterfactual analysis to construct an alternative network to represent the most efficient alternative rail network that could have been constructed given what was known at the time - the first time this has been done.

The growth of joint-stock business in Victorian Britain re-evaluated, showing in particular the resistance to it. Winner of the Economic History Society's Best First Monograph award 2009 The emergence of the joint-stock company in nineteenth-century Britain was a culture shock for many Victorians. Though the home of the industrialrevolution, the nation's economy was dominated by the private partnership, seen as the most efficient as well as the most ethical form of business organisation. The large, impersonal company and the rampant speculation it was thought to encourage were viewed with suspicion and downright hostility. This book argues that the existing historiography understates society's resistance to joint-stock enterprise; it employs an eclectic range of sources, fromnewspapers and parliamentary papers to cartoons, novels and plays, to unearth this forgotten economic debate. It explores how the legal system was gradually restructured to facilitate joint-stock enterprise, a process culminatingin the limited liability legislation of the mid-1850s. This has typically been interpreted as evidence for the emergence of new, positive attitudes to speculation and economic growth, but the book demonstrates how traditional outlooks continued to influence legislation, and the way in which economic reforms were driven by political agendas. It shows how debates on the economic culture of nineteenth-century Britain are strikingly relevant to current questions over the ethics of multinational corporations. James Taylor is Senior Lecturer in British History at Lancaster University.

By 1933, the Pennsylvania Railroad had been in existence for nearly ninety years. During this time, it had grown from a small line, struggling to build west from the state capital in Harrisburg, to the dominant transportation company in the United States. In Volume 2 of The Pennsylvania Railroad, Albert J. Churella continues his history of this giant of American transportation. At the beginning of the twentieth century, the Pennsylvania Railroad was the world's largest business corporation and the nation's most important railroad. By 1917, the Pennsylvania Railroad, like the nation itself, was confronting a very different world. The war that had consumed Europe since 1914 was about to engulf the United States. Amid unprecedented demand for transportation, the federal government undertook the management of the railroads, while new labor policies and new regulatory initiatives, coupled with a postwar recession, would challenge the company like never before. Only time would tell whether the years that followed would signal a new beginning for the Pennsylvania Railroad or the beginning of the end. The Pennsylvania Railroad: The Age of Limits, 1917–1933, represents an unparalleled look at the history, the personalities, and the technologies of this iconic American company in a period that marked the shift from building an empire to exploring the limits of their power.