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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8
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5answers
416 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
297 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 ...
5
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1answer
250 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
425 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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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 ...
7
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2answers
798 views

In historical slave societies, what jobs were left over for poor free laborers?

And what laws or institutions sprang up to deal with them? Slaves have the effect of depressing wages for poor workers. If this has been a universal, I'm curious whether slave-owning cultures have ...
4
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1answer
153 views

Was every man compelled to follow his father's occupation in ancient Egypt?

Adam Smith wrote that in ancient Egypt: every man was bound by a principle of religion to follow the occupation of his father, and was supposed to commit the most horrid sacrilege if he changed it ...
3
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1answer
351 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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1answer
140 views

Why did Indonesia use a separate currency for West Irian before 1973?

In 1963, Indonesia took control of Western New Guinea (formerly a Dutch colony whose status was separated from the rest of Indonesia/Dutch East Indies since 1949), and renamed it West Irian. One ...
3
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2answers
551 views

What was Income Disparity like in the Middle Ages of Europe?

I was looking up the income disparity today. What I got for America, was Food service could get as little as $18,000 annual income, while Lawyers got paid $140,000, surgeons $320,000, and Bill Gates ...
2
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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 ...
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3answers
1k 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
233 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
239 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.
8
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1answer
164 views

Class-conscious, non-Marxist historiographies

Marxist historiography focuses on social class and economics forces, and assumes an inexorable trend towards socialist revolution. What kind of historiography shares the concern about class ...
1
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0answers
109 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
481 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
533 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
787 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 ...
4
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1answer
506 views

What was the relationship between slaves and poor Romans needing jobs in Rome's labour market?

In ancient Rome's labour market, what was the relationship between slaves and Romans who needed jobs to survive (wage slaves)? What market forces determined the jobs done by slaves versus those done ...
3
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2answers
897 views

Was there an embargo of Soviet gold in 1932, and was grain the primary exportable good?

In this article, the author and leader of "The Great Fatherland Party" Nikolai Starikov, claims one of the causes of the Holodomor may have been that the USSR was unable to export anything other than ...
10
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1answer
641 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 ...
2
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1answer
285 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
4k 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
303 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?
3
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0answers
75 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
331 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
663 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
5k 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
163 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
3k 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 ...
6
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3answers
534 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 ...
6
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2answers
4k views

How did life change for the average American as a result of the end of World War 1?

Every year, the Daughters of the American Revolution host an essay contest concerning American History. I'll disclose that I'm not a student seeking internet help with the essay, but rather just ...
10
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1answer
989 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 ...
15
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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
229 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
268 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, ...
1
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2answers
311 views

Quantifying economic mobilization?

Total war requires mobilization of the economy. The degree of a nation's mobilization can be quantified in two major ways: Negatively: as, e.g., the reduction of "non-essential consumer production" --...
8
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2answers
2k views

What were the major imports and exports of Germany and France from 1850-1915?

Background: I've been doing some digging on nineteenth century trade, and so far have found this list of Britain's major imports to be an extremely helpful big picture guide. Sadly, I've yet to google ...
5
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1answer
240 views

What is the first example of a nation where the first railroad network system was somebody's master plan?

The background is that I try to understand how complex socioeconomic systems based on a technology mix came in place and how they evolve today. So I thought of an example, and picked railroads. If I ...
4
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4answers
1k views

Why has the Brazilian currency been changed so often throughout its history?

It seems like currency in Brazil has been changed many times over the period of its existence. The last time the currency changed was in 1994, with the introduction of the modern Brazilian Real (BRL, ...
4
votes
1answer
192 views

In modern terms (for example the 2017 US dollar), how much purchasing power is 50,000 (French) Francs in 1829?

Not simply a conversion of money, as even independent of inflation, the value of basics like bread and such change over time. I am reading "The Count of Monte Cristo" and a character has just remarked ...
6
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1answer
192 views

Did anyone in Alta California pay in cash?

In the Spanish and Mexican eras, California was an economy very cut off from its mother countries. Most trade was by bartering goods [Josiah Belden by Doyce Nunis, Jr., 1962]. Is there evidence of ...
1
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2answers
609 views

Was Brezhnev's rule an “era of stagnation” [closed]

Reading my IB textbooks, they say Brezhnev's rule was an "era of stagnation". However they are only able to cite evidence of economic stagnation when claiming that would require "stagnation" in ...
9
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2answers
488 views

What jobs were available for migrants from the country to Rome?

I've read that the during the late Roman republic and early empire there was a great migration from country to urban living. Historians estimate in peninsular Italy 15%-20% of the population lived in ...
8
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2answers
650 views

Did the food economy of the late Roman republic rely on foreign imports, or was it more localized?

I'm curious to what degree Rome of the late republic was fed by imports as opposed to local goods. (Rome in this case meaning the city and the Italian peninsula, as opposed to her client states and ...