We’re rewarding the question askers & reputations are being recalculated! Read more.

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.

Filter by
Sorted by
Tagged with
6
votes
1answer
259 views

How did medieval serfs obtain their iron goods?

Serfs were farmers who paid taxes in agricultural produce and subsisted on the remainder. As I understand it, they (unlike freeholders) did not sell their produce or manufactured goods for personal ...
0
votes
2answers
272 views

Before the Civil War, did the USA ever offer something like a “5-year plan” for the South to abolish slavery?

Before the U.S. Civil War broke out, did the North ever offer any sort of gradual slavery abolishment deal to the South, instead of demanding that the South stop slavery immediately? I imagine the ...
3
votes
0answers
90 views

Are there any records of Foreign investments or Foreign Direct Investments (FDI) in history from pre-medieval or medieval period?

A foreign direct investment (FDI) is an investment in the form of a controlling ownership in a business in one country by an entity based in another country. If we look at the articles about the ...
20
votes
3answers
3k views

What was the value of the spice trade during the age of exploration?

One of the initial motivations for the Europeans in sending exploration voyages was to find cheap spices. To be worth such expensive and risky mission, spices must have been worth a lot and must have ...
0
votes
0answers
141 views

After the end of slavery at the closure of the US civil war, what percentage of former slaves stayed at their previous workplaces?

Upon the abolition of slavery in the USA, there were suddenly millions of former slaves set free. But they were left without an obvious workplace. On the other side, millions of jobs done previously ...
14
votes
4answers
18k views

When Adam Smith discusses “corn” to what crop does he refer?

In "The Wealth Of Nations", Adam Smith discusses the price of corn in ancient times. Apparently, books such as "Chronicon Preciosum: or An Account of English Money, the Price of Corn and Other ...
0
votes
4answers
814 views

Was WW2 necessary for Germany economically?

Many point to improvements in Germany's economy that took place under Hitler prior to WW2. To a certain extent, some of this must have been attributable to theft of Jewish property and the jobs in ...
9
votes
2answers
926 views

When did Northern India and N. China begin to dominate in global demographics?

Video: Human Population Through Time This simple video says that there were 170 million people in the world at the beginning of the current era. Each dot represents a million people -there are about ...
13
votes
8answers
1k views

First evidence of intercontinental or cross-cultural trade?

Probably this happened several times and maybe even failed and broke up in different regions. What hints and proofs do we have of the earliest succesful intercontinental trade relations? I assume ...
3
votes
3answers
592 views

Is it true that Nazi Germany replaced prices ending in .99 by round prices and called this “Aryan pricing”?

On a questionable website full of revisionist pro-nazi propaganda, which is not worth linking to (*), I found the following statement: Along the same lines, I remember a National Socialist ...
1
vote
2answers
416 views

Why did towns became ghost towns after the mines dried up?

It seems that the gold rushes on every country produced a number of ghost mining towns, when the mines that supported said towns produced no more ore, or it was too expensive to continue mining. My ...
15
votes
3answers
9k views

How rich were carpenters in the Roman province of Iudaea in the 1st century AD?

According to the Biblical account, Jesus was the son of a carpenter, Joseph of Nazareth (Matthew 13,55). Apparently carpenters were not among the wealthy. Be that as it may, how rich could a ...
0
votes
1answer
232 views

Was the introduction of paper money controversial like cryptocurrency?

I dont know much about cryptocurrency, but I know it is controversial. There are people on both sides. Is there historical evidence that paper money faced a similar thing? Were there people that ...
-1
votes
2answers
611 views

Why did conquered countries after WWII recover, but countries conquered later continue suffering? [closed]

Nations damaged severely in WWII (suffered major economic collapse and civilian casualties) such as Japan, Germany and Poland have not only recovered but are doing better than ever before. Most of ...
1
vote
3answers
161 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 ...
19
votes
2answers
38k views

Were soldiers in the World Wars paid?

There have always been professional soldiers however during the world wards there were vast conscription to encourage young men to join up for "King and Country". Presumably there was some sort of ...
4
votes
1answer
536 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 ...
2
votes
0answers
98 views

What was the most expensive war of the 20th century? [closed]

Putting aside the enormous "cost" of wars in terms of human life and suffering, what about the economic costs? Once I studied the Vietnam war and Gabriel Kolko in one of his books described how much ...
3
votes
2answers
249 views

The history of rivalry between US and Britain in late 19th Century and early 20th Century [closed]

I have read the references from Wikipedia. But they were mostly talking about the American oversea trade in the Europe market. But I am more interested in Britain's reactions to the challenge posed by ...
3
votes
1answer
249 views

How did currency exchange work in the Middle Ages, especially if the coins are not recognized?

According to Wikipedia, there were a wide range of currencies in the Middle Ages: The various Germanic states in the west all had coinages that imitated existing Roman and Byzantine forms. Gold ...
11
votes
3answers
3k views

How much has U.S. currency inflated since 1792?

How much has U.S. currency inflated since the Coinage Act of 1792 established the U.S. Mint? Adjusting for inflation, what amount of modern currency would have the same buying power as a 1792 dollar? ...
2
votes
4answers
2k views

How did sugar go from a luxury to a necessity in 18th century?

The only thing I came up with is slavery. This would be due to the wage differences between slave and free man. If plantations were manned by indentured labor, then wages would have been higher. ...
3
votes
1answer
329 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 ...
7
votes
2answers
541 views

What demographic of people were the Ford Motor's Company biggest customers during the car boom of the early twentieth Century?

Who were the primary customers buying up the automobiles steadily decreasing in cost during the 20th century? Was it rural people replacing horses with vehicles? Would it have been inner city people ...
11
votes
4answers
1k views

What was more expensive to lose in a gladiatorial fight: a gladiator or a rare animal?

We know that, aside from man-to-man combat, gladiatorial fights would often pit human gladiators against wild animals. Is there any documented historical evidence that would show what was a bigger ...
1
vote
4answers
2k views

Did German soldiers receive pay after the Allied invasion?

The German war machine was well organized, the logistics were quite accurate and I can only imagine that they also were quite on time with wages payment before the Allied invasion in France. My ...
6
votes
5answers
1k views

Were there any developed countries that became “undeveloped” for reasons other than war? [closed]

From what I know developed countries seem to have stayed developed (or at least recovered quickly) even if there was a devastating war, e.g. Germany after WW2. If it's indeed the case that developed ...
6
votes
3answers
274 views

How did the Romans mint coins?

I would like to understand how the Romans minted coins. Mining, smelting and refining are no mystery; I can envision ways in which uniform coin-blanks might have been made : but the big problems are (...
2
votes
1answer
221 views

Did the Russian alcohol monopoly in the 1700s cover the whole Russian territory?

Crownhart-Vaughan's introduction to her translation of Krasheninnikov's Explorations of Kamchatka mentions an Imperial monopoly on liquor, and the state's difficulty in enforcing it, in 1750s ...
12
votes
2answers
2k views

At the time of Sputnik, what kind of radios were common in the Soviet Union?

Sputnik was launched 1957 Oct 4. At that time, what kind of radios were common in the Soviet Union? I'm interested in what kind of radios were privately owned and kept in people's apartments. What ...
0
votes
5answers
640 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?
7
votes
3answers
6k views

How much did a telephone call cost in the USA around 1920?

I am looking for data on historic telephone call prices in the US between 1920 and 1930. What did it cost to make a call? I know that, back then different rates were charged based on the distance of ...
2
votes
0answers
194 views

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 ...
3
votes
1answer
79 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
votes
1answer
148 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 ...
7
votes
1answer
616 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 ...
4
votes
2answers
314 views

Why was agriculture more conducive to slavery in U.S. South than the North?

The most common explanation I hear for why there was more slavery in the South than the North in is that farming was more profitable in the South due to climate, soil quality etc. and the North had ...
12
votes
1answer
3k views

Where did the money come from to build the Colosseum?

Where did the money come from to finance the building of the Colosseum?
4
votes
3answers
295 views

Economic status of whites in the US South at the height of slavery?

In Tony Horwitz' book Midnight Rising about John Brown's raid, on page 23 discusses Calhoun's stance on slavery: he asserted that slavery freed Whites from drudgery and class conflict. I wonder if at ...
4
votes
2answers
2k views

What is the equivalent buying power of one 1945 Reichsmark in 2016 Euros?

Inspired by this question How much is one 1945 German Mark to one 2016 Euro?, for example how many Reichsmark would I need to buy a loaf of bread and how many Euros compared to that?
29
votes
3answers
12k views

When was Silver ever more valuable than Gold?

These days we pretty much take it as a given that gold is more valuable than silver. The obvious example is the Olympics and other such competitions that give "gold" medals for first place and "silver"...
19
votes
2answers
1k views

How did Muslim traders raise investments given Islam's prohibition of usury?

During early caliphate era (7th-13th century), Muslim traders dominated trade in Indian Ocean and the Mediterranean (see here and here for example). I think Islam's prohibition of interest or usury ...
9
votes
2answers
1k views

Inflation rates in Spain and Portugal during the 16th century

What were the monthly or yearly inflation rates in Spain and Portugal during the 16th century? Is there data for the amount of silver or gold possessed by the crowns during that period? How much did ...
2
votes
1answer
140 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 ...
0
votes
0answers
84 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
votes
3answers
561 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 ...
34
votes
5answers
5k views

Was slavery really on the way out in the antebellum USA?

Gail Jarvis, in an encomium to the Dunning School writes: William A. Dunning fervently opposed slavery but his reading of the trends of the times led him to the conclusion that the institution ...
9
votes
2answers
545 views

What surface area per person is required for hunter-gatherers?

I am sure I have read it somewhere, but I can't figure out in which book anymore (I think Steve Pinker's How the Mind Works) Most of human (pre-)history (and evolution) has happened in a foraging ...
4
votes
1answer
66 views

What taxes were assessed on people in Alta California?

Countries and their churches extract rents from their citizens or subjects through various taxes. What taxes were individual Alta Californians required to pay in the Spanish and Mexican periods?
1
vote
2answers
386 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 ...