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8
votes
2answers
319 views

How did France balance the budget by 1738?

I recently read (Citizens by Simon Schama) that France had a per capita debt of two-thirds of the annual income of a carpenter or tailor in 1714. By 1738 France had managed to balance the budget (more-...
0
votes
3answers
119 views

Did the historic events behind the film The Big Short happen under Glass Steagall?

In this episode of Planet America, the former House of Representatives member Barney Frank made the statement: Sanders has one proposal, enact an 80 year old law, re-enacted called Glass ...
9
votes
3answers
3k 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 ...
4
votes
0answers
187 views

Did defeated countries pay their war bonds? [closed]

This related question approaches how beneficial war bonds were to US during WWII. I would like to know what happen with war bonds when a country is defeated. What did happen in similar experiences? ...
7
votes
2answers
315 views

What were factors that led to a decline in bond yields during World War II given that the opposite should have happened?

Huge financing is required for wars. World War II was the largest-scale war in human history. Therefore, the large borrowing should have led to a rise in bond yields. Amazingly, bond yields dropped ...
0
votes
1answer
166 views

What is the oldest debt that any country is paying right now, and to whom? [closed]

What is the oldest debt that any country is paying right now, and to whom? To another country, an institution like World Bank, or to private entities? What were the historic causes for the debt? What ...
6
votes
1answer
242 views

What were the factors that caused debtors' prison to disappear in most parts of the world in the 20th century?

Debtors' prison is a prison for people who are unable to pay debt. As recently as the mid 19th century, it was a common way to deal with unpaid debt in Western Europe. Debtors' prison started to ...
12
votes
3answers
2k views

What percentage of Jews were in “finance” (money-lenders) throughout Middle Ages?

The stereotypical image of a Jew in Middle Ages (and the portrayal of them) was of course "the money-lender". From Ivanhoe's Isaac of York, to Shakespeare's Shylock, to "Проклятый жид, почтенный ...
8
votes
2answers
481 views

Why did Britain decide to issue perpetual bonds during Napoleonic era?

Background A few years ago I was a student of an economic course about loans, debts, interests, NPV etc. The trainer mentioned "The UK took a loan to fund wars against Napoleon. This has no term, and ...
9
votes
1answer
210 views

How big was the IMF loan Britain received in the 1970's?

During the turbulent times of the 1970's, the United Kingdom had to ask the International Monetary Fund (IMF) for a loan to meet its obligations. The National Archives state that in September 1976, a ...
22
votes
4answers
350 views

How would you accurately use older British currencies when writing a story?

For writing a story set in Napoleonic Wars era, how should one use the currencies accurately? I read in novels they use currencies like shilling, pound, guinea, sovereign, four (or six-, etc) pence, ...
5
votes
2answers
200 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 ...
10
votes
2answers
392 views

The effect of the Panic of 1837 on financial/banking policy

Were there any direct or immediate financial/banking policies made because of this recession? I've read that a combination of factors helped get America out of the Panic, but it never mentioned a ...
10
votes
4answers
2k views

How did New York become the financial hub of America?

Why did New York become the financial hub of America, rather than one of the other big cities?
-1
votes
2answers
206 views

Has the accounting services industry ever been disrupted in the U.S.?

What is the most-radical example of a disrupting service / model in the accounting business services industry? What I mean by disrupted is that someone has at some point taken such a radically ...
5
votes
1answer
179 views

How much did it cost to maintain Gustavus Adolphus' army? How much of it was paid by Richelieu?

I know that Cardinal Richelieu subsidized a large portion of Gustavus Adolphus' Protestant forces during the 30 Year War - despite France, ironically, being a Catholic power (citation obviously ...
6
votes
6answers
346 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 ...
4
votes
1answer
2k views

How much did helping the American Revolution cost France?

I recall reading somewhere that the expenses of the war were ruinous for France and that the gains didn't offset them, this being one of the causes that forced Louis XVI to convene the Estates ...
10
votes
1answer
408 views

State budget spending of Roman Empire

What can be said about the state budget (aerarium + fiscus + a.militare + etc) spending of the Roman Empire at the time of Augustus, say 14 A.D.? Can it be estimated in sesterces?
5
votes
3answers
483 views

What were the consequences of the bankruptcies of the Spanish Empire?

During the reigns of Charles V and Philip II Habsburg, the Spanish Empire had to declare bankruptcy several times. What were the consequences of these events? Did, for example, some of their assets ...