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3answers
160 views

How did redenomination prevent the Weimar Republic from further decline?

My school is currently teaching us European History in the 20th century, and we were on the topic of the Weimar Republic. It got me thinking, how exactly did redenomination of currency save the ...
13
votes
3answers
875 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 ...
24
votes
2answers
3k views

Venezuelan crisis of 1902–03: Why is there a Russian flag on the cover of the prominent newspaper 'Le Petit Parisien'?

The Venezuelan crisis of 1902–03[a] was a naval blockade from December 1902 to February 1903 imposed against Venezuela by Britain, Germany and Italy over President Cipriano Castro's refusal to pay ...
8
votes
2answers
581 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 ...
5
votes
0answers
614 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? ...
9
votes
2answers
2k 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
510 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 ...
10
votes
2answers
2k views

What was 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 ...
6
votes
6answers
391 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
5k 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 ...
11
votes
3answers
5k 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 ...
6
votes
2answers
396 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 ...
12
votes
4answers
4k 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?
26
votes
4answers
659 views

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

For writing a story set in the 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) ...