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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10
votes
1answer
238 views

How did old international loans work?

On June 11, 1782, John Adams secured a much needed loan for the new Republic from Holland. How exactly did this work in the days of strictly paper currency? What did it mean to loan internationally ...
68
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6answers
16k 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
93 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 ...
2
votes
2answers
201 views

What portion of the finance industry was British prior to WWI?

It's sometimes stated that Britain was the financial capital of the world prior to the First World War, and that it took extraordinary war spending like that in the Great War to shift the capital to ...
30
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2answers
5k views

Did any British working class men have the vote before 1918?

I was watching the film Suffragette recently and she mentioned her husband having the vote. I thought he looked too poor to already have the vote, but this didn't look like a film to just ignore ...
7
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2answers
956 views

What did a WW2 fighter cost? [closed]

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 ...
38
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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 ...
9
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2answers
949 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 ...
12
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3answers
1k 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 ...
16
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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 "...
1
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1answer
263 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
votes
1answer
110 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
238 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 ...
20
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1answer
5k views

Was the British Army a millionaire factory in the early 20th century?

I'm reading "Kenya Diary" by Richard Meinertzhagen where he relates his experiences as a junior officer in the British army around 1902. At one point he states that during his 5 year service in East ...
1
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1answer
2k views

In 1947, how many Reichsmarks would 1 U.S. dollar buy?

What was the 1947 value of 7,200 Reichsmarks in U.S. dollars? What was the 1947 exchange rate of the U.S. dollar for the Reichsmark?
8
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5answers
433 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 ...
-4
votes
2answers
321 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
votes
1answer
262 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 ...
1
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2answers
449 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 ...
1
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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
828 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
158 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
385 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
148 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
votes
2answers
760 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
224 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 ...
3
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3answers
2k 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 ...
-1
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2answers
240 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 ...
-4
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1answer
248 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
165 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
110 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
votes
1answer
636 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
votes
1answer
555 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 ...
18
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1answer
957 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
votes
1answer
543 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
votes
2answers
999 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
votes
1answer
677 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
votes
1answer
300 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
votes
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. ...
-1
votes
1answer
321 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
76 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
337 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
votes
2answers
691 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
votes
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
votes
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
votes
2answers
4k 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
555 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 ...

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