Economy refers to the management, distribution, usage, and affairs of resources related to a particular group of people, or entities. Questions about economies, or economic history will cover the how and why a particular resource, or state of production occurred in a certain way.

learn more… | top users | synonyms (1)

5
votes
1answer
154 views

What were some of the complications of Marshall Plan?

What were some of the complications that were revolved around the Marshall Plan? Were the Soviets involved in any way?
5
votes
2answers
234 views

Why did pastorial people from central Asia migrate to Europe?

Alans, Huns, Magyars, Mongols. They were all pastoralists whose material culture and economic life seems more suited to the Asian steppes. Yet for some reason they migrated into the European land ...
5
votes
1answer
85 views

Has a country gone to war to seek payment of a debt since 1900? [duplicate]

Has a country gone to war to seek payment of a debt since 1900? Expansionist policies don't count although use of debt as a justification would be interesting.
5
votes
2answers
108 views

Where can I find financial data for the first world war? [closed]

I want to analyse the first world war on the financial aspect. Here are some of my questions. Which countries borrowed money to win the war? Where were weapons manufactured? Where can I get ...
5
votes
3answers
230 views

How did shells, bones, and other trinkets work as currency?

One often hears stories about civilised and pre-civilised societies using shells, bones, and other trinkets as currency. How exactly did this system work? Taking the example of shells, did they have ...
4
votes
3answers
151 views

How did an input of resources in 16th century Spain contribute to inflation?

My history book claims that the flow of Silver from the New World to Spain in the 16th century contributed to an inflation. However, that seems very unintuitive. How could gaining resources lead to a ...
4
votes
2answers
114 views

Was COMECON involved in economic imperialism and if so, to what extent?

Disclaimer: I am not 100% sure if it was COMECON, it might be another Soviet apparatus. I recall reading about how the Soviet Union forced her Eastern European satellites into very lucrative and ...
4
votes
1answer
174 views

During World War II, in the U.S., were diapers available?

As is well known, during World War II many consumer goods became difficult to find and with regard to the situation in the United States, after some searches, I observed that, among others: U.S. ...
4
votes
1answer
130 views

How easy one could start an artel in USSR after WW2 1945-1956?

During 1956-1960 all artels (cooperative enterprises) were nationalized in USSR. It was a large amount of artels. How easy was it to organize an artel before that, in the post-war period of ...
4
votes
2answers
606 views

World Wars and economic crises?

I don't recall where I heard in an interview or read in an article that there is a causation between economic crises and the two world wars, is there is historical truth in that? For the second war ...
4
votes
3answers
129 views

Was there really a labor shortage in the USA until 1970?

After watching several video lectures made by Richard D. Wolff I noticed he frequently draws historical events as evidence to base his arguments on. One thing he mentions frequently (in several ...
4
votes
0answers
80 views

Effects of land reforms in the 20th and 21st centuries [closed]

As Wikipedia clearly shows, there have been many different land reforms in many different times and places. It seems there is enough data for research about the consequences of land reforms. I am ...
4
votes
0answers
40 views

Origin of land-lottery system

A report from 1894 describes the Musha'a land tenure system in the Arab villages of Palestine: the agricultural lands of the village are considered common property, and they are divided each year ...
3
votes
3answers
145 views

Parable of the broken window and 1929 crisis

I've read that, in 1938, economic crisis was taking back, and that it's the war effort that finally closed the 1929 crisis. Is it not a version of the parable of the broken window ? How a war effort ...
3
votes
3answers
324 views

Effects of deliberately creating inflation to eliminate domestic debt [closed]

T.E.D. commented on this answer: Sometimes (particularly in developing countries) they literally are printing more money. In the USA typically we increase the money supply to make up for some kind ...
3
votes
3answers
349 views

The economic prosperity of former colonies and their demographic make up

Most former colonies are now developing or poor countries, such as many countries in Latin America, Asia, and Africa. Some exceptions are Australia, the United States, Canada. Interestingly they are ...
3
votes
2answers
181 views

During 1790-1800, was it legal to pay workers using whiskey?

As is well known, in frontier regions whiskey was regarded as an indispensable necessity to life, health and happiness, at the point that it usually had to substute for specie as a medium of exchange: ...
3
votes
2answers
149 views

Were railroads indispensable to American economic development?

In "Railroads and American Economic Growth: Essays in Econometric History", 1964, Robert W. Fogel, the father of modern econometric history, found that railroads were not indispensable to American's ...
3
votes
2answers
53 views

Why did overestimated coins led to inflation and well-estimated coins to deflation?

It is said in Debt, the first 5,000 years by David Graeber (chapter 4, note 2) that when the value of metal coins represented exactly their weight, the result was deflation. The author says that when ...
3
votes
1answer
92 views

What were the first “Big Banks” in the United States?

The large financial institutions of the world have dominated the news cycle for the past few years, and it got me thinking, what were the first large banks in the US? I am interested in hearing about ...
3
votes
1answer
48 views

Evidence of Aztecs using Quetzal feathers as commodity money?

I found some webpages on the internet stating that on Aztecs barter-based economy, the remainder of value between two goods (if any) was settled with, among others, Quetzal feathers. Is there any ...
3
votes
1answer
550 views

What is the purpose of the bridge to the Russkiy island? [closed]

Russky bridge is a bridge to a sparsely populated Russky island in the Far East whose construction started in 2008 and completed in 2012. It is the world's largest cable-stayed bridge, the 1104 m long ...
3
votes
1answer
128 views

When and why China started to make a difference in the superpower arena?

China is starting to be more and more remarked on the superpowers' podium, but this surely didn't happened overnight, so what would be that decade that was very auspicious for China, and why?
3
votes
0answers
42 views

Inflation Rate in Spain and Portugal during 16th century

What was the yearly/monthly inflation rate in Spain and Portugal during 16th century? Is there data for the amount of silver or gold possessed by the crowns during that period? How much did it ...
2
votes
4answers
161 views

Historical examples of energy wars

Energy sources and resources like oil and coal are vital for the survival of modern civilizations. Are there any good historical examples of wars, or low intensity armed conflicts, over the control ...
2
votes
3answers
351 views

Based on historical experience what would happen if/when the USA/EU fell? [closed]

In this video the guy talking mentions that when empires fall. Governance tends to become more local and smallscale(warlords, feudal lords etc) because threats tend to become smallscale and local. And ...
2
votes
1answer
643 views

What is the secret behind the economic success of ROC(Taiwan)?

Even though the Republic of China (also known as Taiwan) is not a member of the United Nations, it has been economically successful. What is the secret behind the economic success of it then?
2
votes
4answers
2k views

When Did Commerical Studio Photography Become Common?

I was looking at this Wikipedia article, History of photography, and I wondered when commercial photography studios became common place and affordable for the average person. According to the ...
2
votes
1answer
137 views

What were the business models of real estate development in ancient Rome?

I just watched Mary Beard's documentary about the Romans. One thing I'm curious about is that some of the models of living of the Romans seemed to be quite similar to today's: e.g. that there were ...
2
votes
1answer
294 views

Did the Great Society programs ameliorate poverty or exacerbate it?

Once time ago Martin Luther King Jr., in his "I Have a Dream" speech, said: We must honestly face the fact that the movement must address itself to the question of restructuring the whole of ...
2
votes
1answer
61 views

Inflation After Executive Order 6102 (FDR Leaving GoldStandard)

I'm looking at this image which implies that the US leaving the Gold Standard started revival after the Great Depression. I'm thinking that it could all be explained with rapid inflation due to the ...
2
votes
1answer
55 views

What factors enabled the New York Journal to survive the yellow journalism wars?

The height of yellow journalism was a battle waged between the Joseph Pulitzer owned New York World, and the William Hearst owned New York Journal. However, even though these two papers boasted large ...
2
votes
1answer
118 views

Reception of Acemoglu-Robinson 'extractive institutions' thesis?

Daron Acemoglu and James Robinson believe that a great deal about the economic, social, and political life of a country can be explained by the quality of political institutions, especially the degree ...
2
votes
1answer
163 views

What is so special about the location of Mexico City?

Since 1325, the area we know today as Mexico City has held some sort of cultural or historical bond. The bond is so strong that, no matter what, no matter how bad a shape the country gets, they ...
2
votes
1answer
63 views

Increment of workers in agriculture during periods of economical crisis

Was there an increment of the percent of people working in the agricultural sector during the economical crises of the last couple of centuries? What are the factors influencing the ratio of farmers? ...
2
votes
0answers
36 views

How were FDR's economic policies as Governor of New York contradictory?

I have read in a number of Roosevelt's biographies that as Governor of New York, Roosevelt was not so aware of how economics works. He recognized that radical change was needed to respond to the Great ...
2
votes
0answers
18 views

Ratio of commerce to residence in preindustrial towns

Is there any research that has attempted to estimate the ratio of commerce to residence, or of shopkeepers to residents in other trades, for preindustrial towns? Or are there old census sources where ...
2
votes
0answers
53 views

What is a common reason that Empires fall or collapse and can they be corrected? [duplicate]

Possible Duplicate: Are there any similarities in what happens when Empires collapse? The question I have is 2 fold what causes most Empires or Nations to fall other than over powered by a ...
2
votes
1answer
83 views

Credible historic description of how the daily life was for the middle-class during the financial crisis of 1929 [closed]

I am trying to find out how life could change for the middle-class today if we had a high-impact financial crisis. Please help-me / let me know if this question could be rephrased better.
1
vote
3answers
278 views

How did sugar go from a luxury to a necessity in 18th century?

The only thing I came up with is slavery. This would be due to the wage differences between slave and free man. If plantations were manned by indentured labor, then wages would have been higher. ...
1
vote
2answers
76 views

What were the reasons for the Federal Art Project?

From August 29, 1935, until June 30, 1943 United States promote what they called Federal Art Project. Reputed to have created more than 200,000 separate works, FAP artists created posters, ...
1
vote
2answers
744 views

What was Lenin's “New Economic Policy” and what complications did it have?

I have recently read an article on Lenin's New Economic Policy, and I was wondering if there were two sides to the story. What were some of the complications of this policy? In addition to this, was ...
1
vote
0answers
14 views

Land concentration in Columbia

I am looking for elaboration for the following passage, which I found in Wikipedia: "In 1968 and 1969 alone, the INCORA issued more than 60,000 land titles to farmers and workers. Despite this, ...
1
vote
0answers
69 views

Does the cost of creating a naval fleet grow over time? [closed]

Is it harder to build a naval fleet today than two-three centuries ago? Do we spend more or less % of GDP to build the complete fleet from scratch? Do we spend more or less % of GDP per ship, or per ...
0
votes
3answers
193 views

Why only in the last few hundred year has science and technology progressed like it has [closed]

Man has been on the Earth for millions of years. But in only the last few hundred years, science has made major advances: the average life expectancy expanded, electronics, transistors, ...
0
votes
2answers
134 views

Was slavery economically most efficient system in the ancient/agricultural era? [closed]

I mean slavery in ancient civilizations, for example Greece, Rome, Egypt. Not considering moral aspects at all, but considering economic reasons and agricultural nature of economic activity.
0
votes
2answers
352 views

Was the N.E.P. of Russia successful in terms of economics?

The Soviet's New Economic Plan was indeed a successful plan in establishing a comparatively strong postwar economy for the Soviet Union, but there were many imperfections: food prices fluctuated ...
0
votes
0answers
37 views

Would you explain 'development from bourgeois oppression'? [migrated]

In Marxism, the concept of class struggle plays a central role in understanding society's inevitable development from bourgeois oppression under capitalism to a socialist and ultimately classless ...
-1
votes
1answer
69 views

Has a country ever used an insurance company as a shield when the economy goes down? [closed]

Has a country ever used an insurance company as a shield when the economy goes down? I know that insurance companies have tons of money beforehand.
-1
votes
1answer
97 views

Relative merits of oligarchy and democracy [closed]

It's being presumed in a few Q&A and discussions here that democracy is the most optimal political system. I'd like to see whether this assertion can be substantiated or refuted here. Are their ...