Enterprise and technology
Subtitle: the German and British steel industries, 1865-1895
By: Ulrich Wengenroth ; translated by Sarah Hanbury Tenison.
Publisher: Cambridge University Press
Published: 1994
Place of publication: Cambridge [England]; New York, NY, USA
Language: eng
Number of pages: 293
Subjects: Steel industry and trade -- Germany -- History.; Steel industry and trade -- Great Britain -- History.
Description: This is a detailed account of the British and German steel industries' performances during three decades which were marked by radical changes in technology, in sources of raw materials, and in product markets. Relying on governmental and corporate archives as well as on the contemporary trade literature, Professor Wengenroth has drawn a meticulous picture of how managements in the two countries met the strategic problems raised by these changes.

The author does not, however, merely trace technological developments; rather, he uses them as a backdrop for a contribution to the long-running debate on Britain's relative industrial decline in the late nineteenth century. Was this the result of massive entrepreneurial failure, or was if merely the by-product of evolutionary changes that bestowed automatic competitive advantage on latecomers such as the Germans?

The author argues a detailed case for the latter scenario and, in doing so, makes a major contribution to the debate on the 'Great Depression'.
Notes: Includes bibliographical references (p. 274-284) and index.
Translated from German.