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5a31274
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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 - and, at the same time, to establish programmes of vouchers, bursaries and scholarships to allow a substantial number of children from lower-income families to attend them.
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Niall Ferguson |
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841acd8
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I wrote this book because I had formed a strong impression that the people currently living were paying insufficient attention to the dead.
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perspective
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Niall Ferguson |
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a3f9d17
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The Abyss. Globalization had many economic benefits but, as in our own times, the creation of a truly international economic network combined greater efficiency with greater fragility. In 1914 a highly optimized system crashed in what was, without doubt, the biggest financial collapse of all time. (Unlike in 1929 or in 2008, the world's major stock markets were forced to suspend trading for no less than five months.)
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Niall Ferguson |
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f65da12
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Hohenzollerns,
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Niall Ferguson |
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59d166f
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Habsburgs,
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Niall Ferguson |
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fcba096
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crisis seemed to vindicate the Soviet model. For, if Marxism-Leninism stood for anything, it was the prediction that capitalism would collapse under the weight of its own contradictions. Now it seemed to be doing precisely that. Understandably, the more the American dream turned to nightmare, the more people were attracted to the Russian alternative of a planned economy - insulated from the vagaries of the market, yet capable of feats of co..
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Niall Ferguson |
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4126cde
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Historians are not scientists. They cannot (and should not even trying to) establish universal laws of social or political "physics" with reliable predictive powers. Why? Because there is no possibility of repeating the single, multi-millennium experiment that constant to the past. The sample size of human history is one."
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perspective
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Niall Ferguson |
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db49c74
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People born in other countries accounted for 14.6 per cent of the population in 1910 compared with 12.9 per cent at the 2010 census.
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Niall Ferguson |
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8e9bb07
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A project such as this depends heavily on the expertise and toil of archivists and librarians.
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Niall Ferguson |
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65b9c58
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There can be no understanding without that sympathy which puts us, through the imagination, and (another's) situation.
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sympathy
thinking
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Niall Ferguson |
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483abcb
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The frenzy of the cheering at the Cow Palace was reminiscent of Nazi times. . . . They [the Goldwater supporters] are the middle class gone rampant: the technocrats, the white collar workers impelled by an almost fanatical zeal. They are the result of a generation of liberal debunking, of the smug self-righteousness of so many intellectuals. . . . They have a faith not a party. The delegates walking around with stamp out Huntley and Brinkle..
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Niall Ferguson |
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ef4130f
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European sense. No one can predict how it will end because there is no precedent for it.
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Niall Ferguson |
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en Latinoamerica las constituciones se utilizan como instrumentos para subvertir el propio imperio de la ley
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Niall Ferguson |
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bdce30a
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No tenemos ningun interes en Sudamerica; no sentimos ninguna simpatia politicamente fundamentada hacia ellos. Venimos de origenes distintos... Ni todos los tratados que pudieramos hacer, ni los comisionados que pudieramos enviar, ni el dinero que pudieramos prestarles, transformarian a sus Bolivares... en Washingtons'. --Edward Everett
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Niall Ferguson |
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6ba68fd
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the German Workers' Party. Their principal goal, declared its leader in 1913, was 'the maintenance and increase of [German] living space' (Lebensraum) against the threat posed by Czech Halbmenschen ('half-humans'). This was in fact a response to the creation of a Czech National Socialist Party in 1898.
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Niall Ferguson |
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a2ad8aa
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The Emperor and his ministers might dance Western dances and even, in violation of traditional Japanese propriety, smile Western smiles. But their underlying and deadly earnest aim was always to wipe the smiles off European faces.
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Niall Ferguson |
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6415e5e
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Desde que en 1579 se hubieron sacudido del dominio espanol, los holandeses habian estado a la vanguardia del capitalismo europeo. Habian creado un sistema de deuda publica que permitia al gobierno tomar emprestitos de sus ciudadanos a un tipo de interes bajo. Habian fundado una institucion parecida a un banco central moderno. Su moneda era solida. Su sistema impositivo basado en los impuestos internos era simple y eficaz.
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Niall Ferguson |
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072418c
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There are two disadvantages to this political fragmentation. Small countries are often formed as a result of civil war within an earlier multi-ethnic polity - the most common form of conflict since 1945. That in itself is economically disruptive. In addition, they can be economically inefficient even in peacetime, too small to justify all the paraphernalia of statehood
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Niall Ferguson |
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6ce7f93
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The sequence is clear: first the Glorious Revolution, then agricultural improvement, then imperial expansion, then industrial revolution.
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Niall Ferguson |
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ea8eb31
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tenuously
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Niall Ferguson |
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aa2d1db
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August Belmont was widely attacked in the North during the American Civil War because he favoured a negotiated peace with the South and supported General George McClellan's nom ination as Democrat candidate in 1864.
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Niall Ferguson |
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11c3b3a
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The New York Times detected the sexual dimension of Turkish policy, reporting that 'the Turks frankly do not understand why they should not get rid of the Greeks and Armenians from their country and take their women into their harems if they are sufficiently good looking.' Kemal saw no need to massacre all the Greeks in Smyrna, though a substantial number of able-bodied men were marched inland, suffering assaults by Turkish villagers along ..
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Niall Ferguson |
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0210e92
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fin-de-siecle
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Niall Ferguson |
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cbe6bc9
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and a spike in extreme meteorological events,
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Niall Ferguson |
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c9d1f6a
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man who had exchanged his $1,000 of savings for gold in 1970, while the gold window was still ajar, would have received just over 26.6 ounces of the precious metal. At the time of writing, with gold trading at close to $1,000 an ounce, he could have sold his gold for $26,596.
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Niall Ferguson |
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0c5ba9d
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banks have evolved since the days of the Medici precisely in order (as the 3rd Lord Rothschild succinctly put it), to 'facilitate the movement of money from point A, where it is, to point B, where it is needed'.48 Credit and debt, in short, are among the essential building blocks of economic development, as vital to creating the wealth of nations as mining, manufacturing or mobile telephony.
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Niall Ferguson |
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c5c001c
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only when savers can put their money in reliable banks that it can be channelled from the idle to the industrious.
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Niall Ferguson |
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afa9f9a
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collateralized debt obligations (CDOs)
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Niall Ferguson |
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42b5406
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Its prime cause was the rise and fall of 'securitized lending', which allowed banks to originate loans but then repackage and sell them on. And that was only possible because the rise of banks was followed by the ascent of the second great pillar of the modern financial system: the bond market.
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Niall Ferguson |
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c43b516
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As the banks took over the securities, the ratios between their capital and their assets lurched down towards their regulatory minima. Central banks in the United States and Europe sought to alleviate the pressure on the banks with interest rate cuts
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Niall Ferguson |
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apposite
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Niall Ferguson |
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e75f891
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by the second quarter of the twentieth century one in nine German doctors was a Jew, and one in six lawyers. There were also above-average numbers of Jews working as newspaper editors, journalists, theatre directors and academics. Indeed, they were under-represented in only one of Germany's elite occupational groups, and that was the officer corps of the army. Anti-Semitism, then, was sometimes nothing more than the envy of under-achievers.
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Niall Ferguson |
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7983cd0
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The Crusades, like the conquests that followed, were as much about overcoming Europe's monetary shortage as about converting heathens to Christianity.14
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Niall Ferguson |
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bc6df41
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the way the money was spent ensured that Spain's newfound wealth provided the entire continent with a monetary stimulus.
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Niall Ferguson |
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278735c
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At Tsushima on May 27-28, 1905, the Japanese fleet under Admiral Togo Heihachiro sent two-thirds of the Russian fleet - 147,000 tons of naval hardware and nearly 50,000 sailors - to the bottom of the Korea Strait.
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Niall Ferguson |
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37783a9
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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 letters, Japan's victory looked like a straightforward triumph of Western materialism.
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Niall Ferguson |
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b28d063
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money was commoditized labour,
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Niall Ferguson |
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reified
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Niall Ferguson |
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deb2066
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If the British wished to abolish the slave trade, they simply sent the navy. By 1840 no fewer than 425 slave ships had been intercepted by the Royal Navy off the West African coast and escorted to Sierra Leone, where nearly all of them were condemned.
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Niall Ferguson |
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020ebe3
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knout
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Niall Ferguson |
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9eb64ca
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the pairing instinct is the great remover of the limits between individuals,
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Niall Ferguson |
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63d1cb5
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Ashkenazim
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Niall Ferguson |
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aa6f4d9
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En teoria el impuesto era pagado por los productores de los articulos afectados, pero en la practica recaia sobre los consumidores, pues los productores se limitaban a agregar el impuesto a sus precios. Incluso el vaso de cerveza o whisky que consumia o cada pipa que fumaba estaban sujetos a impuestos. Como lo dijo Burns, su negocio era <>.
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Niall Ferguson |
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fe6e77d
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From the point of view of most African-Americans, American independence postponed emancipation by at least a generation.
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Niall Ferguson |