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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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What was the economic impact of Notre Dame When it was built?

After visiting Notre Dame a while back I became curious about the economic impacts behind building a cathedral in the middle ages. The literature and the guides talked about a variety of motivations ...
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5answers
533 views

What's the origin of the movement to withdraw the United Kingdom from the European Union?

Who first proposed that the UK should leave the EU, and why? How did this movement grow in support?
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0answers
32 views

What known impacts to economy have been caused by electronical or digital data? [closed]

I'm looking for special milestones in history where digital or electronic data had an impact in the economy.
3
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1answer
63 views

How did public debt financing through annuities work in the States General of the Netherlands?

We're going through some readings regarding how the formation of modern states was structured through the many wars throughout Europe across the centuries, and one of the points that concerns me - ...
2
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1answer
125 views

Were there socioeconomic reasons for the decline of Athenian democracy?

Historians often emphasize socioeconomic causes when describing the fall of the Roman republic, which began centuries before Augustus won the civil wars. For example, the sudden influx of wealth and ...
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0answers
68 views

How much would it cost to bribe a prison warden in New England in the year 1800?

The value of money from one decade to another is a very confusing topic - in my opinion, anyway. For instance, something called the CPI Inflation Calculator states that $1 in 1800 was the equivalent ...
4
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3answers
447 views

Why didn't Spain and Portugal become industrial powerhouses in the 20th century?

Although Spain experienced a gruesome civil war, neither Spain nor Portugal participated in either the first or the second world wars. Despite their losses of millions of people, widespread ...
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2answers
324 views

Did the Axis engage in trade with other countries during the war?

In Europe, Germany had occupied several countries while actively being at war with the United Kingdom, the Soviet Union and the United States while Japan had been expanding through most the ...
3
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1answer
186 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 ...
5
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1answer
241 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
65 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
139 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
115 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
411 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
392 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 ...
12
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3answers
737 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 ...
2
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1answer
247 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
217 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
235 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 ...
65
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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
80 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 ...
7
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1answer
397 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
980 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 ...
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3answers
2k 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
238 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
104 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
211 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 ...
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5answers
382 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 ...
29
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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
260 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
242 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
345 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
324 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 ...
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0answers
132 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
486 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
204 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
214 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
105 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
435 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 ...
4
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1answer
417 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 ...
17
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1answer
734 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
611 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
261 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 ...
10
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1answer
3k 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
275 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
74 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.
2
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4answers
230 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, ...
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2answers
593 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. ...