Arbeitspapier
Safety at sea during the Industrial Revolution
Shipping was central to the rise of the Atlantic economies, but an extremely hazardous activity: in the 1780s, roughly five per cent of British ships sailing in summer for the United States never returned. Against the widespread belief that shipping technology was stagnant before iron steamships, in this paper we demonstrate that between the 1780s and 1820s, a safety revolution occurred that saw shipping losses and insurance rates on oceanic routes almost halved thanks to steady improvements in shipbuilding and navigation. Iron reinforcing led to stronger vessels while navigation improved, not through chronometers which remained too expensive and unreliable for general use, but through radically improved charts, accessible manuals of basic navigational techniques, and improved shore-based navigational aids.
- Sprache
-
Englisch
- Erschienen in
-
Series: UCD Centre for Economic Research Working Paper Series ; No. WP19/25
- Klassifikation
-
Wirtschaft
Economic History: General
Economic History: Transport, Trade, Energy, Technology, and Other Services: Europe: Pre-1913
Insurance; Insurance Companies; Actuarial Studies
- Thema
-
shipping
insurance
Industrial Revolution
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Kelly, Morgan
Ó Gráda, Cormac
Solar, Peter M.
- Ereignis
-
Veröffentlichung
- (wer)
-
University College Dublin, UCD Centre for Economic Research
- (wo)
-
Dublin
- (wann)
-
2019
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Kelly, Morgan
- Ó Gráda, Cormac
- Solar, Peter M.
- University College Dublin, UCD Centre for Economic Research
Entstanden
- 2019
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