By Frank Dobbin
The USA, France, and Britain use markedly other kinds of business regulations to foster financial development. to appreciate the origins of those various guidelines, this e-book examines the evolution of public regulations governing one of many first glossy industries, the railroads. the writer demanding situations traditional considering in economics, political technological know-how, and sociology through arguing that cultural that means performs an immense function within the improvement of purportedly rational guidelines designed to advertise business development. This booklet has implications for the examine of rational associations of every type, together with technology, administration, and economics, in addition to for the examine of tradition.
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Extra resources for Forging Industrial Policy: The United States, Britain, and France in the Railway Age
Sample text
The first state commissions. State governments invented the regulatory commission in the second quarter of the nineteenth century to govern banks, commercial firms, railways, and gas companies. Massachusetts set up the first of many state banking commissions in 1838. Rhode Island put together the first railway regulatory commission in 68 Forging industrial policy 1839, and five New England states followed Rhode Island's lead by the beginning of the 1860s (Wilcox 1960, pp. 5-22; Sanders 1981). S.
What meant "stop" on one system meant "go" on another Tragic and costly accidents proliferated. Some states established statewide signaling standards, but this did not solve the problem for interstate traffic. Finally, in 1884 the GTC reached agreement on standard nationwide signaling procedures. Federal imposition of signaling standards had been steadfastly opposed by railwaymen, who disputed the government's right to interfere in any way with internal operations (Dunlavy forthcoming). Fourth, Congress left decisions about the use of rudimentary safety devices, such as brakes and emergency cords, to the railroads until very late in the century.
II p. 234) The other New England states established railroad* commissions in response to similar pricing conflicts between railroads.
