1979
DOI: 10.1080/00076797900000029
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Speculative Builders and the Structure of the Scottish Building Industry, 1860–1914

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Cited by 22 publications
(2 citation statements)
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“…Aspinall has shown that in all the regional subdivisions of England between 70-90% of firms employed fewer than 10 operatives, and 50% employed fewer than 5 men, 60 a conclusion also applicable in Scotland. 61 Such structural conditions encouraged speculation, usually over-optimistic, or at least a construction level which imperfectly recognized changing local prosperity levels. Even where structural changes in demand were perceived, reverse gear was, for the building industry, difficult to engage.…”
Section: Illmentioning
confidence: 99%
“…Aspinall has shown that in all the regional subdivisions of England between 70-90% of firms employed fewer than 10 operatives, and 50% employed fewer than 5 men, 60 a conclusion also applicable in Scotland. 61 Such structural conditions encouraged speculation, usually over-optimistic, or at least a construction level which imperfectly recognized changing local prosperity levels. Even where structural changes in demand were perceived, reverse gear was, for the building industry, difficult to engage.…”
Section: Illmentioning
confidence: 99%
“…14 Frequently in Scottish burghs more than half of the houses were built by firms that undertook only one or two housebuilding projects each year. 15 Because capital requirements were limited, credit was easily available, and builders were not required to prove their skills or offer other credentials, a bandwagon effect was created in the initial phases of a boom. Only a crude code of municipal building bylaws, often poorly enforced, regulated the quality, type, safety, or number of houses put up at such time.…”
Section: The Building Industrymentioning
confidence: 99%