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Questions tagged [economy]

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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Key points for a speech on Capitalism [on hold]

I was given an English task in which the teacher has asked us to do a presentation/speech on Capitalism. The thing is he didn't specify which aspects (historical, economical and the political) we ...
3
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1answer
121 views

What explains this dip in Indonesian GDP growth rate in 1982?

In the years preceding it, Indonesia had been growing swimmingly, with rates as high as 9.9%, and just 8.1% in 1981. Suddenly, a solitary dip to 2.2% occurred in 1982: Google helpfully produced a ...
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1answer
222 views

Is there any economic history account of the role of Japan's precious metal deposits in the roles of the country's early industrialization?

The Japanese archipelago is generally scarce in natural resources, but Japan has a large deposit of precious metals in the Iwami Ginzan Silver Mine, and a few other mines, to a smaller extent. Japan ...
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0answers
59 views

How did tobacco affect the English colonies economically during the 17th Century?

During the Age of Exploration (focusing on 17th century), England went and colonized the Americas, founding the original 13 colonies. They brought back many new wonders, namely, tobacco. I know that ...
2
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1answer
115 views

For U.S. history 1800-1830, what was GDP by sector and industry?

The U.S. Census Bureau's Historical Statistics of the United States does not appear to break GDP down. I'm aware that the terminology is imprecise: GDP is a modern term, but is much shorter than the ...
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1answer
112 views

How did production of grain change with Hellenistic Egypt coming under Roman rule?

As far as I know Egypt, under the Ptolemies, became famous in Hellenistic world for vast agricultural production due to the strict and harsh administration installed there by Greeks. Still I wonder - ...
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2answers
289 views

How did agricultural productivity change in Italy with the fall of the Roman Empire and through the early Middle Ages?

I have heard that overall agricultural productivity decreased with the fall of the Roman Empire in the West. In part at least it must be in relation to a general decrease of population - less people ...
2
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3answers
382 views

Who was the first to point out that transmutation of gold would be mostly useless, since it would simply lead to inflation?

For millenia it was a goal of princes and alchemists to produce the Philosopher's Stone, a device by which common metals could be transmuted into gold. To modern people who know about economics, it ...
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3answers
596 views

What factors led to much higher US war bond sales and participation rates in WWII over that of WWI?

Sample US WWI Liberty Bond poster (left) and WWII War Bond poster (right). Source: Wikipedia Financing World Wars I & II in the United States In reviewing the United States efforts to finance ...
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1answer
231 views

How could Germany afford waging WWII? [duplicate]

I have been asked on several occasions how could Germany afford to start such a big war as WWII. Of course, they mean multiple aspects such money and other actors (countries) allowing it. Also, ...
3
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1answer
209 views

What expenses did a village have?

I'm trying to research the incomes and expenditures of a small village in medieval England. The village occupies a formerly abandoned settlement situated against an abandoned castle. The village is a ...
8
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1answer
196 views

Did indentured servants in British North America have job security?

Most people know about the practice of Indentured Servitude in the British North American colonies - that workers would receive "free" passage to the Colonies in exchange for working for the ...
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6answers
15k views

Has an individual ever purchased an entire country?

At any point in history, has an individual ever purchased an entire country - using their private wealth? Specifically, I'm looking for any examples of somebody who has purchased an entire already-...
5
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0answers
72 views

Economic aftermath in Europe and the Middle East of the Black Death

The following excerpt is from Blinkist's summary of The Silk Roads by Peter Frankopan: Europe after the plague was an altogether different place. The population had fallen dramatically, but this ...
5
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0answers
267 views

What did a WW2 fighter cost?

The second world war was among other things a war in resources and economy. So it got me wondering, what were the prices for fighter planes used? With some searching I count not find a satisfying ...
37
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3answers
5k views

How and when was the modern company ownership structure invented?

More specifically I mean the very common structure with the following roles: Shareholders Board members CEO When was this structure invented, and how? It would also be very interesting to get any ...
12
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3answers
866 views

How extensive and developed was the ancient Kushite (Nubian) horse trade?

In 1997 there was a fascinating paper published called The Horses of Kush by Lisa A. Heidorn in the Journal of Near Eastern Studies which summarized some finds about the popularity of horses from Kush ...
16
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3answers
1k views

How profitable was India for the British Empire in the 1800s?

I recently read Imperial Twilight, an excellent history of the opium wars. The author claims several times that while the British trade with China was very lucrative, India was by contrast "...
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1answer
233 views

Why did Shock Therapy fail so badly?

Why did shock therapy fail during perestroika? Has shock therapy ever worked in other situations? Was it responsible for the creation of the nomenclature and oligarchs? Are there any authors who ...
2
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1answer
102 views

Pre-1900s advertising methods targeting a sub-population stratified by demography/social classification

In my view, the term "Millennial" (insert air quotes) now defines the current young (< 40 years of age) generation. It also possibly provides some sort of identity to a generation who are ...
5
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1answer
208 views

Why did Denmark, unlike in other 'rich' nations, favour agriculture in the 1920s?

According an article on the Economic History Association website, An Economic History of Denmark, Structural development during the 1920s, surprisingly for a rich nation at this stage, was in ...
9
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5answers
372 views

How do we measure the adequacy of pre-modern monetary supply?

In a comment to a response to another question, P. Geerkens made the offhand comment that: the monetary supply of Europe was grossly inadequate until New World silver arrived. I'm intrigued. How ...
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7answers
7k views

Has there ever been anything like the oil boom we see today?

Since the discovery of oil, there have been entire nations that have literally been built from the ground up almost completely with oil money. This has been done, and is still being done, in ...
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2answers
255 views

Were there any ancient civilisation that functioned without currency or bartering? [closed]

As required here is how I define the terms used in this question: • money/currency: is something that has little use to the individuals (such as metal coins) but has a commonly recognized value the ...
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1answer
237 views

German 10 zehn heller

This 10 zehn heller , which I believe at the top on the reverse says "Notgeld" but it is really hard to make out. The date looks like "1827" but is probably 1923 and it seems to have a wood grain ...
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2answers
299 views

Did Nazi Germany suffer hyperinflation during the war? Why or why not?

I've heard about hyperinflation in Germany right after WW1, and also in West Germany right after WW2. However, I've never heard of hyperinflation in Nazi Germany during WW2. It seems a very typical ...
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1answer
306 views

What was the biggest shipbuilding centre in Europe during the Second Industrial Revolution?

I'm specifically interested in the United Kingdom, though I'd love to get a comparison between countries. I would like any answer to cite records of number or tonnage of ships built. I'm interested ...
2
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0answers
131 views

Did the Russian alcohol monopoly cover the whole Russian territory?

Crownhart-Vaughn's introduction to her translation of Krasheninnikov mentions an Imperial monopoly on liquor, and the state's difficulty in enforcing it, in 1750s Kamchatka. One main principle of the ...
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3answers
404 views

Income versus living expense in USSR during the 1980's and 1990's

My understanding of life in the USSR was that both the salaries and living costs were more or less state controlled and fixed with very little variation. I wanted to ask about the sizes of peoples ...
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2answers
173 views

If the prices for cotton increased during the Industrial Revolution, how would the increase affect the market for farm land? [closed]

Since cotton was a major crop on farm land, if the price of cotton increased, the price of farm land would also increase. This would increase the demand for farm land and shift it to the right. Would ...
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1answer
198 views

What happened to the Philippines, Thailand and Malaysia in c. 1975 and c.1990? [closed]

can someone tell me what happened in 1973 and 1988. Thank you.
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0answers
79 views

What happened in Southeast Asia in these years?

Im interesting to know what happened in the GDP growth in those years. I think that the 1964 and 1978 decline was because of the fall in oil prices, but im not sure. And in 1970 i really don't know ...
2
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1answer
409 views

How could the Roman sestertii/sesterces be converted into modern terms (say 2017 US$)?

Of course, the value of the sesterti must itself have fluctuated over the centuries it was in use. And so if I must narrow it down, I am particularly interested in its value during the time of ...
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1answer
413 views

Why don't the Americas use ISO paper sizes?

In the mid-sixties, most countries standardized on ISO paper sizes (A-series, B-series, etc.). The Americas didn't. Why not? (Around the same time there was a failed push in the US to switch to ...
16
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1answer
717 views

What evidence is there for chain stores or restaurant chains in Ancient Rome?

In his book City, David Macaulay creates a fictional Roman city called Verbonia to show how a 'typical', planned Roman city was started from scratch. Although Verbonia and thus its characters are ...
10
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1answer
568 views

What percent of the US Federal Budget was spent on WW2?

From 1941 Dec 7 to 1945 May 8, what percent of the US Federal Budget was spent on the war? I would like to compare this to today's military spending, which according to this paragraph in wikipedia, is ...
3
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1answer
251 views

Was the Holy Roman Empire a financial union as well as a defensive union?

The Holy Roman Empire was a union of countries under one rule and under one emperor. My question is: Was the Holy Roman Empire a financial union too or just defensive union? For example was any tax ...
9
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1answer
2k views

If the UK received the highest amount of Marshall Aid, why was it broke?

After WW2, Marshall Aid was distributed across Europe to facilitate the rebuilding of countries devastated by the war. West Germany received a large amount of this, and soon had a thriving economy. ...
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1answer
264 views

What was the longest lasting economic bubble? [closed]

The Roaring Twenties bubble lasted around eight years. What was the longest-lasting known bubble that economists agree has already popped?
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0answers
73 views

Is there historically a clear connection between a better economy and a freer market? [closed]

Where as a better economy is defined as higher GDP per capita. And the ''freedom'' of a market is decided by the amount of taxes.
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4answers
222 views

Has there been talk of a post-work economy before?

In recent years there has been a lot of talk about the topic of a post-work economy. This includes conversations, news articles, and professional studies. Take for example this LA Times article, ...
6
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2answers
548 views

How economically profitable for Nazi Germany were the occupied countries in Western Europe?

Despite the invasions costs, there were at least short-term economic gains as a result of plundering and the confiscation / taking over of resources and factories. Were those benefits so evident in ...
37
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2answers
4k views

How did the American Civil War help the U.S economy recover from the Panic of 1857 given that civil wars are extremely destructive?

From the Wikipedia article on the Panic of 1857: Beginning in September 1857, the financial downturn did not last long; however, a proper recovery was not seen until the American Civil War. ...
3
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1answer
160 views

Did the Canadian Tuxedo emerge out of the Wool Shortage of 1973?

I understand that the Hudson Bay Company is responsible for the proliferation of the "Canadian Tuxedo". The Canadian Tuxedo is described as a denim jacket with jeans. The denim jacket must have ...
3
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2answers
2k views

What did the British Empire mean by “Free Trade” in reference to the colonies?

Background: This feels like sort of a silly question for me to be asking after reading about the Victorian Age and the British Empire for several months, but here goes. As I've read about the ...
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3answers
462 views

Did the U.S economy flourish after national debt was eliminated by President Andrew Jackson in 1835?

President Andrew Jackson totally eliminated U.S national debt in 1835. Did the U.S economy boom in the aftermath of debt elimination as a result of not being shackled by debt? Was it good economic ...
10
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1answer
740 views

At the start of Barbarossa, what was the state of Germany's oil supply?

Very recently, I came across this statement from Wikipedia: In 1938, two thirds of German oil supply came from the United States and Latin America. It has a citation, some book reference that ...
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3answers
1k views

In the first half of 20th century, how was gold inspected for authenticity?

Let's say this for the years 1900 - 1950, before we had modern analysis tools. When trade payments were made in gold, how was the gold inspected for quality? How did they assess the purity of gold, ...
3
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1answer
164 views

Differences among foraging, cultivation, domestication

I am currently researching the transition from hunter-gathering bands to agricultural communities. I am coming across the word cultivation a lot. It's getting confusing, because sometimes the word ...
3
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2answers
256 views

Did the Soviet Union investigate greenhouses in the early 1920's?

The Soviet Union had major food problems in the 1920's, what with the civil war and an attempt at forced requisitions. Their solution was the NEP, which used grain taxes instead of total requisition, ...