| Budget Amount *help |
¥1,900,000 (Direct Cost: ¥1,900,000)
Fiscal Year 2004: ¥800,000 (Direct Cost: ¥800,000)
Fiscal Year 2003: ¥1,100,000 (Direct Cost: ¥1,100,000)
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| Research Abstract |
This is an empirical study of the 7^<th> Duke of Devonshire, William Cavendish, who practiced the entrepreneurships, I could define his practice as 'the landed entrepreneur', in Barrow-in-Furness of Lancashire.
Below are the results of my study :
(1)The Duke of Devonshire's entrepreneurships worked as part of his process of shifting his basis to the capital management, led by the interest of his estate management and the administration of his family estate. He did it by constructing the Furness Railway in 1846 for the sake of developing his own iron mine and slate quarry, and by establishing the Barrow Haematite Steel Co.Ltd.in the 1860' as well as a group of firms in the early 1870's, related to the export of the steel rail. These firms as a whole formed a regional structure of productive forces for the use of land. The Duke of Devonshire grasped it, at first as ‘a proprietary railway', next as ‘Furness Railway-Cavendish Organism', and lastly as ‘Furness Railway's Industrial Empire'.
(2)Taking the business crisis of his firms and his withdrawal from industrial business during ‘Great Depression' in mind, I have made it clear what effect his entrepreneurships brought about and produced on landowner's finance. The landowner's finance became the machinery, by which the landowner's wealth was transformed into the capital on a large scale, and included the circulation of capital, namely the reinvestment of investment profits. Thus the landowner came to have a ‘capitalist-sprit', in addition to the ‘landowner-sprit' he originally had.
(3)The Cavendish family changed from the landed aristocracy to the stock and bond holding aristocracy in the early 20^<th> century. Comparing this change with the Duke of Devonshire's entrepreneurships in 19^<th> century, and studying the special characteristics of his entrepreneurships, I have made it clear that it was a very specific aspect of the ‘Capital and Landownership Complex' proper to the British Empire in the 19^<th> century.
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