Questions which concern the historical management, distribution, and usage of resources; why a particular resource, or state of production, occurred in a certain way.

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5
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2answers
197 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 ...
9
votes
0answers
347 views

How much of an impact did the Roman emperors' civil wars have on their decision to debase the coinage?

From Adrian Goldsworthy's How Rome Fell: "Civil war remained a common event, ...the economy collapsed, as successive emperors massively devalued the coinage to pay for their wars." Other sources say ...
1
vote
2answers
545 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 ...
5
votes
2answers
131 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 ...
3
votes
3answers
555 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 ...
6
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6answers
319 views

Has scholarship shown that persecuted religious minorities have tended to be financially successful?

In this interview with Neal Stephenson, talking about the historical basis for his Baroque Cycle series of novels, he makes the remark that ... persecuted religious minorities, if they’re not ...
6
votes
3answers
282 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 ...
6
votes
3answers
2k views

How has Chinese GDP as a percentage of world GDP changed over time and why?

I've heard it's 33% during the Qing dinasty. 4% during cultural revolution. Now it's climbing up steadily to 11%. Where can I see the table of those actually tracking those numbers? What were the ...
1
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2answers
1k 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 ...
9
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5answers
563 views

What was the worst economic crisis of all times?

I am interested in reading about the worst economic crisis of all times. By that I mean the largest reduction in GDP over a period of at least a year. The economic crisis should not have been caused ...
2
votes
1answer
84 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 ...
5
votes
1answer
281 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?
3
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3answers
371 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 ...
7
votes
1answer
314 views

What are the social preconditions for division of labour, when compared in different emerging civilizations?

I would like to know if historians/economists/sociologists agree on the preconditions required for division of labour in ancient and/or earlier societies. Are there any common preconditions and ...
2
votes
1answer
891 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?
13
votes
1answer
237 views

How did the existence of the Alps impact the development of Switzerland?

Can anyone tell me what was the role of Alps and Alpine region in Swiss development of Switzerland?
10
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2answers
183 views

Buying/Renting/Leasing houses during history?

I was wondering about something. After the last financial crisis, many people have talked about not buying a house, but renting one, and they made it sound like a "new" idea. So what was it like ...
10
votes
2answers
381 views

Approximately what was the short-term economic loss to Britain as a result of the Revolutionary War being lost?

Is there any research that shows what the economic impact was to the British economy stemming from the 13 Colonies obtaining independence? It could be either a narrower estimate of purely tax losses ...
11
votes
2answers
831 views

What were the operating principles of Japan's MITI during the 1950s and 60s?

Japan's Ministry of International Trade and Industry (MITI) guided Japan's economy through two decades of unprecedented economic growth. MITI was the primary instrument of Japan's industrial policy, ...
5
votes
1answer
96 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.
17
votes
2answers
1k views

Has mercantilism ever been successful?

Mercantilism, which includes protectionism, industrial policy, capital controls, and other distortions to trade, is generally viewed by economists today as unsound economic policy. An overwhelming ...
9
votes
2answers
1k views

Why is Alexander Hamilton considered the father of modern banking?

I've been hearing the phrase recently that Alexander Hamilton is considered the "father of modern banking", but haven't really come up with any explanation or definition that I can really understand ...
26
votes
2answers
1k views

Where did the Romans store their cash?

In the era before banking was invented, where did wealthy Romans store their cash? The emperor probably could store it somewhere in the imperial palace thanks to the Praetorian guard, but what about ...
17
votes
1answer
412 views

What were tally sticks?

What were tally sticks, and how was it that they they worked for the economy? I understand that they were a form of currency and were of fixed value based on the notches, but how did they work as a ...
9
votes
7answers
433 views

First evidence of intercontinental or cross-cultural trade?

Probably this happened several times and maybe even failed and broke up in different regions. What hints and proofs do we have of the earliest succesful intercontinental trade relations? I assume ...
4
votes
1answer
851 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 ...
4
votes
1answer
159 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 ...
8
votes
1answer
161 views

What surface area per person is required for hunter-gatherers?

I am sure I have read it somewhere, but I can't figure out in which book anymore (I think Steve Pinker's How the Mind Works) Most of human (pre-)history (and evolution) has happened in a foraging ...
8
votes
3answers
1k views

How much has U.S. currency inflated since 1792?

How much has U.S. currency inflated since the Coinage Act of 1792 established the U.S. Mint? Adjusting for inflation, what amount of modern currency would have the same buying power as a 1792 dollar? ...
4
votes
2answers
897 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 ...
11
votes
3answers
988 views

Gold Confiscation Act of 1933

On March 9, 1933 Franklin D. Roosevelt (FDR) called Congress in for an emergency session, which would result in the speedy passing of the Gold Confiscation Act. According to FDR's Executive Order ...
3
votes
1answer
71 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? ...
4
votes
1answer
176 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?
6
votes
1answer
4k views

Which have been the most and least successful Olympics in terms of economic impact?

When discussing the Olympics, politicians are always keen to stress the economic benefits that will flow to the host city. A number of commentators in the media though have suggested that the bulk of ...
20
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3answers
591 views

First evidence for replacement of barter trade by local abstract currency?

What were the first local currency systems in history we have detailed information on? I dont think it was gold/silver or other hard to produce materials. Probably these became more important ...
-1
votes
1answer
73 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.
2
votes
1answer
124 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
72 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 ...
6
votes
2answers
182 views

Did Demosthenes complain about inflation of prices in philippics?

Did Demosthenes complain about inflation of prices in his philippics caused by Philip II of Macedon's extensive gold mining? I have heard it somewhere but I can not find any refference.
15
votes
1answer
428 views

How do Friedman and Bernanke's explanations about the causes of the Great Depression compare?

I know that both Friedman and Bernanke wrote papers (or books, in Friedman's case) about the cause of the Great Depression. How do their points of view compare and contrast?
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
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0answers
55 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 ...
7
votes
1answer
264 views

What was more expensive to lose in a gladiatorial fight: a gladiator or a rare animal?

We know that, aside from man-to-man combat, gladiatorial fights would often pit human gladiators against wild animals. Is there any documented historical evidence that would show what was a bigger ...
12
votes
3answers
1k views

Did anyone warn about the potential for stock market crashes in 1929, and if so why were their warnings ignored?

I can't seem to find information about economists, or others, warning about the overheated stock market of the 1920s in the US that would culminate in the stock market crashing on Black Thursday, ...
9
votes
1answer
225 views

What historical situation is comparable to what Europe is currently facing?

I know that this question might get closed, but I will try it, nevertheless. The reason why I am so interested in broad comparisons of historical situations with current ones, is because I believe ...