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. General economics questions are off-topic but may be welcome on our sister site Economics Stack Exchange.

Filter by
Sorted by
Tagged with
0
votes
1answer
250 views

Did countries use insurance to compensate for their economic losses after the Black Death/Spanish flu/Asian flu? [closed]

The first insurance contracts as we know them today appeared between the 12th and 13th centuries in Italy. The Florentine chronicler Giovani Villani asserts that insurance originated in Lombardy in ...
7
votes
1answer
648 views

What was the nature of a widow's personal estate in Colonial America?

In books that discuss figures in Colonial America and early American history (and I believe more broadly throughout contemporaneous European history), it is relatively common to see discussions of ...
2
votes
0answers
151 views

How long did it take to make a woolen sweater?

In premodern times, in temperate or colder climates, clothing was orders of magnitude more expensive than today and textile production made up a large percentage of total economic activity. I'm ...
-1
votes
1answer
67 views

Was the post-WW2 form of globalisation a historical abberation? [closed]

I was discussing this with a friend and while I argued that globalisation (in the form of transportation of goods, people, knowledge and technology) existed since the early 17th century,he rebutted by ...
1
vote
0answers
126 views

Which is the oldest, still current, government debt?

(Not sure if this belongs to politics or history). Which is the oldest, still current, government debt? The answer of course depends on definitions since debts usually are "rolled over" at ...
2
votes
0answers
117 views

Was the tariff that Alexander Hamilton wanted to create (in his Financial Plan) ever put into action by Hamilton?

Hamilton's Financial plan had 3 parts: The U.S. government would pay all debts The U.S. government would create a national bank The U.S. government would impose a high tax on imported goods (tariff) ...
0
votes
0answers
141 views

Is there validity to the claim of a scavenger hunting barter economy in the history of money?

I've read in economics textbooks, and seen in videos like this, saying that before money, there was a barter economy was based on a coincidence of wants, and people would have to go on basically a ...
5
votes
0answers
175 views

What did people used to exchange for goods during the 1920s German hyperinflation while the official currency was not trusted

When the 1920s hyperinflation happened, it seemed that the rapid currency devolution is not too hard to see. This must result in the people who own and sell goods distrust the future of the currency; ...
0
votes
0answers
115 views

Why didn't Louis XVI print money prior to the French revolution?

I'm currently reading "Citizens: A Chronicle of the French Revolution" by Simon Schama. It is an ok book. There is a lot of divergence into the culture leading up to the revolution, which ...
0
votes
2answers
197 views

In a medieval city how large a market was needed relative to population? [closed]

In a large medieval city fed by the agricultural product of the area, plus imports such as grains, spices, fish, etc. and also serving as a regional hub for the exchange of trade goods, what ...
1
vote
3answers
298 views

Was the US dollar, the Soviet reserve currency too?

Was the Soviet rouble also backed by the US dollar, which was the global reserve currency at the time? I remember reading something about Soviets taking aid from the US, in the 1970s, after Soviet ...
2
votes
0answers
335 views

Are the coal mining revenue provided in the “Gentleman Jack” realistic for 1830s?

The "Gentleman Jack" series is based on the diaries of Anne Lister - a XIX century woman, often declared as "first modern lesbian" (the "gentleman" is apparently a slur, ...
-1
votes
1answer
119 views

Why did Mao use political mobilization to prevent inefficiency and slack? [closed]

China just followed the Soviet Union model and inevitably encountered the same problems that socialist countries all suffered in the 1950s and 1960s. That is the lack of incentives of people and the ...
-1
votes
1answer
244 views

Was there a Norse custom of “one keeps what one defends”?

Watching a Viking TV series this cropped up where a farmer was challenged to fight for his farm. It appears that the Norse did not have title deeds but rather relied on the sword to settle ownership ...
11
votes
1answer
291 views

How much did a sword cost in AD 1000 Constantinople?

Qualifications: Obviously, swords vary in quality. Ideally, I would like to know what a standard army issue sword would have cost, if I bought it privately. But I realised we may only be able to ...
17
votes
2answers
3k views

Can it be justified that an economic contraction of 11.3% is “the largest fall for more than 300 years”?

Today the UK Chancellor Rishi Sunak said "The OBR forecast the economy will contract this year by 11.3%, the largest fall in output for more than 300 years." This seems to me to be a very ...
1
vote
2answers
236 views

Are there post-1700 examples of large scale long term reductions in living standards? [closed]

I am looking for examples where an old person could talk of the 'good old times' and these were objectively better than the current times. Large scale meaning it affected not just individuals or a ...
9
votes
3answers
3k views

Has there ever been a case where a country adopted the currency of another country with a smaller economy?

Sometimes sovereign nations abandon their currencies (partially or fully) and adopt the currency of another state. For example, the currency of El Salvador was replaced by the United States dollar in ...
3
votes
1answer
224 views

Why is the Amazon rubber boom said to have started in 1879?

According to Amazon Rubber Boom From the beginning of the second half of the 19th century, rubber began to exert a strong attraction to visionary entrepreneurs. The activity of latex extraction in ...
3
votes
1answer
123 views

Why did Burgers' Transvaal try to build rail east?

According to shanskraal, [Thomas Burgers, president of the Transvaal Republic] considered a railway link with the non-British port of Delagoa Bay (Maputo) as essential for the economic survival of ...
2
votes
0answers
207 views

What factors accounted for the pattern of caranvanserai across Eurasia? [closed]

This is a question we had in an AP World History test last week: I was able to answer (c) correctly (improvements in sea navigation and technology caused more and more people to transition from land-...
-2
votes
3answers
325 views

What determines whether slavery is economically efficient in industrialized/modern era economies?

Various forms of slavery were nearly universal before the industrial revolution. After industrialization, it would naively seem forced labor would continue to be widespread, as there is no way to ...
1
vote
1answer
876 views

How did different asset classes perform during the Weimar hyperinflation?

I read many years ago a story about someone in Germany in the 1920s who had been tipped a US dollar immediately seeking investment advice presumably because it was so valuable. Now, this did not make ...
20
votes
4answers
610 views

Why did the USSR have two sources of currency?

An inscription on the 1, 3, and 5 rubles notes says that it is a State Treasury Note (Государственный Казначейский Билет), and that it is guaranteed by the entire property of the Union of SSR (...
2
votes
0answers
137 views

What is the oldest example of complaints against wealth being due to closeness to the ruler?

Consider the sentence “The king is the one at whose side wealth walks”. It is taken from the Babylonian Theodicy, a poem which was written somewhere between 1500 B.C. and 1100 B.C. and which is ...
6
votes
3answers
1k views

When was the last time the US had the highest GDP per capita?

I never associated the United States with the label of the richest country in the world so it greatly surprised me that according to some estimates there was a time when the U.S. had the highest ...
2
votes
1answer
312 views

Did Helsinki have higher standards of living than Saint Petersburg when it was a part of the Russian Empire?

For over a century Finland was a part of the Russian Empire. It seems that overall Finland was significantly richer than Russia proper in the early XX century (look at these estimates). Was Helsinki ...
-2
votes
1answer
56 views

What are some good references for the history of legal business entities? [closed]

I'm looking for books and articles that can elucidate how different legal business entities and types of corporate personhood came to be. I've already found the book “The Company: A Short History of a ...
2
votes
1answer
98 views

What percentage of the German population worked on gathering the harvest in 1917?

It is a well-known fact that Germany suffered from food shortage during World War I, and that there were several causes of this, including in no particular order: The blockade restricting food ...
6
votes
1answer
125 views

How did mid-19th century American legislation affect the corporate structure of railroad companies?

It is my understanding that a part of the complexity that the Standard Oil Company built up was due to the nature of US corporate legislation (while, of course, the rest was that they wanted to hide ...
3
votes
1answer
143 views

Was a drop in standards of living a significant factor in the revolutions of 1848?

A lot ink has been expended discussing the revolutions of 1848 and their causes, only a small fraction of which I have read. From my point of view, there seem to be two main schools of thought in ...
1
vote
4answers
341 views

Can we meaningfully compare the poverty levels in the USSR to those in the USA at the same time and to those in the USA today? [closed]

I was told (by people who had lived there) that the USSR had homeless people but I would guess that the levels of homelessness were much lower and in general there were far fewer desperate people due ...
1
vote
0answers
93 views

What is the oldest “commercial logo” known? [closed]

I'm writing a paper on logos, iconography and different forms of identifications for trade activities. The paper starts with history of logos, which is pretty easy and known. However, I'm wondering: ...
1
vote
0answers
44 views

Are there historical statistics about the number of market towns?

As a way to understand changes in the middle ages, I want to know the development of market towns. Particularly, I am looking for the increase in their number, organised by country and period (e.g. ...
1
vote
0answers
84 views

Why did the Lindman government choose to resign over their agricultural program?

Why did the Lindman government choose to resign over their agricultural program? Did (members of) the government expound on why they chose to take the agricultural program as a matter of confidence ...
2
votes
0answers
85 views

Are there historical problems of wealth/income inequality causing problems for empires? [closed]

I was talking to a friend who said that empires rose and fell upon wealth/income inequality. He cited the Mongols as reducing wealth inequality and the fall of Rome as increasing the inequality. It ...
11
votes
0answers
280 views

How did the Hansa organize river trade in the 14th and 15th centuries?

How did the Hansa accommodate the transition from sea to river trade along a trade route? Would river travel have been controlled by one group of people, e.g., Guild of the River Oder Merchants? Would ...
9
votes
2answers
2k views

What is Charles Babbage referring to when he talks about the 'College of Laputa'?

In On the Economy of Machinery and Manufactures, what is Charles Babbage referring to when talking about the College of Laputa in the following extract: ...Nor has the wild imagination of the ...
7
votes
1answer
505 views

Was there a contemporary understanding that 1706 was an exceptionally poor year?

This relates to the numerous (British) news items which seem to have overnight turned the present virus-induced economic downturn into a 'historic downturn'. While there are opinion-based aspects that ...
3
votes
1answer
127 views

Has any G7 country deliberately defaulted on sovereign debt to punish a certain country?

Xi Jingping said China would cancel debts to the world's least developed nations, including small island nations. China Has Forgiven Nearly $10 Billion In Debt. Cuba Accounts For Over Half. But China ...
3
votes
1answer
135 views

What were the largest companies in the world before and after the Great Depression?

The Great Depression obviously had a very severe effect on stock markets; how did this affect the world’s largest companies, by market capitalization? Were steel companies, such as U.S. Steel, ...
8
votes
2answers
447 views

What were the global economic consequences of the 1918 flu pandemic?

What were the global economic (and societal) consequences, assuming there were any, of the 1918 flu pandemic? I'm just not finding a lot of information out there talking about this particular ...
27
votes
3answers
8k views

How much did a transatlantic telegram cost in 1914?

How much did it cost to send a transatlantic telegram – if the specifics matter, say from New York to Berlin – in 1914? (Early 1914, before the war disrupted communications.) How much per word, and ...
2
votes
1answer
119 views

Would League of Nations and U.S. sanctions/trade embargo against 1930's Germany had notable consequences in Germany?

My research shows that trade between the U.S., France, and Britain with Germany during the mid 1930's was lower than it had been and was on a decline. This has lead me to ponder the following ...
6
votes
1answer
292 views

How was the Pandidakterion organised?

How was the Pandidakterion organised? Wikipedia:Pandidakterion states that the Pandidakterion lacked 'corporative structure'. I do not understant exactly what the corporative structure is and how was ...
9
votes
3answers
4k views

Could besieged medieval cities develop a micro-economy during wars to endure the siege for long time? [closed]

During the medieval age, one of the main reasons that pushed besieged cities to capitulate was the exhaustion of provisions (foods,water,drugs...) that maintain the every-day life of the city ...
4
votes
5answers
1k views

Was there car insurance in the USSR?

I can't imagine how it works in a planned economy. Does the government replace your car if you crash it? Was there no sort of insurance?
5
votes
2answers
427 views

What does this 1960 West German political cartoon mean?

I have recently seen a [caricature][1] in which a blindfolded man goes along a cliff. The caption was "The German citizen in the 1960's". I thought it may have something to do with the economy, but in ...
-3
votes
1answer
148 views

Did Industrial Revolution economic systems rely on colonies? [closed]

I have read in the Economic Nobel's prize Thomas Piketty's book the following sentence (translation is mine): "The Enlightenment movement and the Industrial Revolution were partially based on the ...
13
votes
3answers
949 views

Why are the historical large cities in the southern US not the large cities in the South today?

When you think about the large and prosperous cities in the historical Southern United States, you think of cities like Charleston, Richmond, Savannah, and New Orleans. However, when you look at the ...

1
2 3 4 5
9