A History of British Tramp Shipping, 1870-1914 (Volume 1): Entry, Enterprise Formation, and Early Firm Growth [Hardcover]

This is the first comprehensive study of an industry that helped to create the global economy. Managing tramp ships was a high-risk potentially high-reward business. Using original documents, this book transports readers into the turbulent world of those who operated the precursors of today's bulk carriers.Celebrated in the novels of Joseph Conrad and vintage films, tramp ships - the precursor of bulk carriers - are not well understood today. Yet, these vessels transported in bulk essential minerals and ores, grains, timber, and other commodities and played a vital role in creating the modern global economy. While the histories of some individual tramp firms have been written, this book uses personal correspondence and surviving company records to chart the development of the entire industry - the largest in the world- during a period of transformational technical change. Who were the bold, risk-takers who founded tramp firms? How did they mobilise the resources needed to enter this dynamic sector, build immense companies, and accumulate vast fortunes? Why did others fail? This study reveals how executives learned the art of managing tramps and developed strategic networking skills. Tramp shipping resonates with many of today's high-growth industries: it was an information intensive, high stress operation that required rapid - sometimes instinctive - decision-making within a turbulent market. Building business networks was supported by a distinctive culture that streamlined communication. This innovative study places information, knowledge, learning, culture, and communication at the centre of the analysis in order to transport readers into the minds of those fascinating entrepreneurs who helped build the modern world.
Foreword
Part I: The Context
Chapter 1. Introduction
Chapter 2. Soundings , 1870-1914
Chapter 3. Survey , 1870-1914
Chapter 4. Passages I: Learning the Ropes - Mastering The Difficult Art of Tramp Ship Management
Part II: l“