The Anxious Triumph: A Global History of Capitalism, 1860-1914

Review A brilliant writer with a polymathic range. With The Anxious Triumph, he has produced a magnum opus, an accessible and genuinely global history of the transformative but unstable capitalist phenomenon. ... This is a book for today and tomorrow. - Harold James - Financial TimesIt is hugely erudite: everyone can learn from it. - Paul Collier - New StatesmanSassoon offers us a sprawling map, studded with fascinating details. ... It is quirkily brilliant - Adam Tooze - GuardianHe is no apologist. His comprehensive account of the origins of modern capitalism make clear the human cost of a system of institutionalised greed - Iain Macwhirter - Herald Product Description 'A magnum opus, an accessible and genuinely global history ... This is a book for today and tomorrow' Financial TimesCapitalist enterprise has existed in some form since ancient times, but the globalization and dominance of capitalism as a system began in the 1860s when, in different forms and supported by different political forces, states all over the world developed their modern political frameworks: the unifications of Italy and Germany, the establishment of a republic in France, the elimination of slavery in the American south, the Meiji Restoration in Japan, the emancipation of the serfs in Tsarist Russia. This book magnificently explores how, after the upheavals of industrialisation, a truly global capitalism followed. For the first time in the history of humanity, there was a social system able to provide a high level of consumption for the majority of those who lived within its bounds. Today, capitalism dominates the world.With wide-ranging scholarship, Donald Sassoon analyses the impact of capitalism on the histories of many different states, and how it creates winners and losers by constantly innovating. This chronic instability, he writes, 'is the foundation of its advance, not a fault in the system or an incidental by-product'. And it is this instability, this constant churn, which produces the anxious triumph of his title. To control or alleviate such anxieties it was necessary to create a national community, if necessary with colonial adventures, to develop a welfare state, to intervene in the market economy, and to protect it from foreign competition. Capitalists needed a state to discipline them, to nurture them, and to sacrifice a few to save the rest: a state overseeing the war of all against all.Vigorous, argumentative, surprising and constantly stimulating, The Anxious Triumph gives a fresh perspective on all these questions and on its era. It is a masterpiece by one of Britain's most engaging and wide-ranging historians. About the Author Donald Sassoon is Emeritus Professor of Comparative European History at Queen Mary, University of London. His previous books include One Hundred Years of Socialism (1996), Mona Lisa (2001) and The Culture of the Europeans (2006), all widely translated. He gives lectures at universities and conferences all over the world.