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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2
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0answers
212 views

Value of commodity money outside of the place it was minted

How was the exchange rate determined between different commodity currencies? E.g., country X mints gold Zorkmids, each weighing 5g, and country Y mints gold Zennys, each weighting 8 grams. When Ms.XX ...
24
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5answers
6k views

Was public transportation free in the Soviet Union?

Was public transportation free in the Soviet Union? I'm interested in the metros and buses. If not, what did they cost? I'm most interested in the period around the late 1950's, early 1960's, but it ...
26
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3answers
3k views

What was the economic basis for West Berlin?

From the 1950s to 1989, West Berlin was physically and economically cut off from the surrounding countryside. Since WWII it had lost the government service functions that help drive a capital's ...
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2answers
920 views

Who introduced coins in India?

Which King or Kingdom first introduced the coins in India for trading (internal or external)?
2
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2answers
363 views

Why couldn't the Weimar Republic peg their currency to another one?

My dad and I recently thought of something. Pegging a currency to another, at least in the modern-day world, helps to keep it stable. So why couldn't the Weimar Republic peg the Mark to another ...
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1answer
219 views

What was the first electronic creation of money?

What was the first electronic creation of money? There seems to be some confusion as to what I'm asking. I read about quantitative easing and as far as I can tell that's something different. I'm not ...
1
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1answer
644 views

How did the sale of rum affect the demographics of Africa?

A history book I'm reading says "The sale of rum had a great impact on Africa's demographics", but doesn't go into details -- so I'm curious as to what this could mean.
1
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1answer
232 views

What Were the Primary Causes of 15th to 19th Century British Chartered Companies' Failures?

A Wikipedia list suggests that the earliest deemed English chartered trade monopoly organization was The Company of Merchant Adventurers of London in 1407 and presumably most, if not nearly all, ...
6
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2answers
227 views

What were the factors behind the lowest AAA corporate interest rate in U.S bond history during 1946?

https://www.quandl.com/data/MOODY/AAAYLD-Aaa-Corporate-Bond-Yield The lowest AAA corporate bond yield in U.S history happened in 1946 based on the quandl chart above. Amazingly, it was even lower ...
5
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1answer
718 views

Did the US government ever burn corn?

I remember hearing and/or reading that the US government burned corn (or destroyed it) at some point. This was not because there was anything wrong with the corn, but rather because by buying it they ...
8
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2answers
2k views

How dependent was Nazi Germany on iron ore from Sweden?

From the wikipedia article on Swedish iron mining during WW2, there are a lot of uncited claims. I'll quote the most outstanding of them here: In the year before the war, Germany received 22 ...
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2answers
2k views

Was electricity free in the Soviet Union?

Did people receive free electricity in their homes in the Soviet Union? If so, how was it rationed out? Were there any quotas on how much you could use?
1
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1answer
912 views

Did Napoleon Hill really have a friendship with Andrew Carnegie?

In many of his books, the positivity guru and author of Think and Grow Rich, said he was an understudy of Andrew Carnegie in which he learned his principles of business and wrote about them in his ...
2
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1answer
197 views

How would British counterfeiting efforts in the revolutionary war have inflated the American currency? [closed]

During the revolutionary war one of the British's espionage tactics was to flood the American market with counterfeit currency to cause mass runaway inflation. But how would that have worked? I don't ...
5
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2answers
1k views

Why did Germany have so many important scientists and thinkers around the turn of the 20th century?

I got an impression that Germany at the turn of the 20th century had a lot of very important thinkers and scientists, who created foundation for lots of modern theories and philosophical concept. ...
4
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1answer
164 views

What were the largest European Treasuries, in gold and silver, at the end of the Seven Years War?

From a related question, I'm now looking to compare the size of European Treasuries as they existed at the end of the Seven Years War (1763). I'm only interested in gold and silver that existed in ...
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1answer
199 views

At the end of the Seven Years War, what was the total amount of gold and silver in Britain?

The Seven Years War ended in 1763. At that time, how much gold and silver existed inside Britain? This would include the British Treasury as well as any personal gold/silver of the nobility and ...
3
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1answer
940 views

Nazi-Germany unemployment?

It's said that the unemployment was virtually non-existent in Nazi Germany. What factors led to such a drastic reduction of unemployment? Are there comparable examples of other industrial nations ...
5
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1answer
823 views

What was the rationale behind restrictions on camera ownership in post-war Germany?

According to the accepted answer to this question: There are very few photographs from occupied Germany because it was illegal for Germans to own cameras and similar regulations were enforced to ...
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4answers
266 views

How does the cost-benefit relationship of owning a horse differ today from the Middle Ages or Early Industrial Revolution?

If I were to be gifted a horse nowadays, I would've been angry. I would have to spend a lot of money in its food, in a blacksmith for horseshoes, grooming, cleaning his box, the rent of his box, extra ...
3
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2answers
6k views

What was the price of a horse around 1750?

I'm looking for the average price of a horse, in British Pounds, around the year 1750. I'm interested in draft horses (they pull carts), not riding horses, but the difference in price between those ...
6
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1answer
261 views

Where can I get information used to make Soviet economic plans?

One kind of information used by Gosplan to create plans was a list of commodities and relationships between them, i.e. what things were required to produce other things. I managed to find higher ...
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2answers
791 views

Why were the some “New Deal” programs cancelled in the beginning of WWII?

I was reading a textbook on U.S and the time period of WWII. I have read that the New Deal programs like Works Progress Administration, Civilian Conservation Corps, National Youth Administration. The ...
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1answer
391 views

Which country/empire was the dominant hegemon for the longest time? [closed]

Say the USA has been the worlds most dominant power for 75 years. Before that one could argue the British Empire during the Victorian era, approx 1810 to 1915, was the world dominant power. Other ...
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2answers
774 views

Compulsion for Germany to accept the Treaty of Versailles?

At first it is difficult to understand why Germany would have accepted the Treaty of Versailles. The armistice had been agreed upon 11 November 1918 and was explicitly based on the terms of Wilson's ...
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4answers
7k views

How did South Korea become one of the most developed nations on Earth? [closed]

What I've learnt from South Korean history (roughly, from one of my liberal arts classes) is that because of their geographical disadvantage, they were invaded by China and Japan numerous times in the ...
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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?
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2answers
890 views

How can the value of older currencies be expressed in modern units? How is the conversion rate calculated? [duplicate]

We can pretty often read something like.. "He owned this sum of silver/gold which is equal to this sum of dollars in our time." But how is this calculated? How can you know what a 1000 dollars was in ...
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2answers
3k views

Who was the richest person in the world at the start and end of WW2?

Who was the richest person in the world when the World war II started and when it ended? Was it the same person? If so, how did the war years affect his wealth?
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5answers
3k views

Why was slavery profitable in the Southern colonies and not New England?

Why didn't Colonists in New England import massive numbers of Slaves?
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2answers
703 views

Did the cost ineffectiveness the V2 and V1 rocket program actually matter to the Nazis? [closed]

I've been doing a fair bit of research about the V2 rockets lately, and frequently came across the comment that the V2 and V1 rocket program was hugely cost inefficient, but did it really matter to ...
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1answer
216 views

How did WWII change the GDPs of the great empires of the world?

According to wikipedia some of the greatest European empires seemed to peak in GDP in 1938. I assume that it was WWII that caused declines in the GDPs of these empires. If this indeed the case, then ...
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1answer
236 views

Apart from the obvious ones, what were a single free woman's job options in the U.S. in the end of the 18th Century? [closed]

Suppose she was thirty and still single. For one reason or another her parents could no longer support her. She could be: a governess a seamstress a prostitute a laundress a housekeeper a cook ...
5
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1answer
239 views

What major company bought all the paint of another company in the 20th century?

I read somewhere about a company that in a brilliant business hack, bought all the paint of another company, and sold it in what became a key moment in the company's history. Was it Walmart in its ...
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1answer
307 views

What were the primary historical “ingredients” of German fascism?

What in the historical literature are most often cited as the "ingredients" of modern fascism, apart from the rise of some charismatic Hitler-type leader? Examples in the German case might ...
4
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2answers
865 views

Effects of the Berlin Wall on modern-day Germany [closed]

The Berlin Wall had pretty strong effects on the German states at the time it was built, and right after it fell, but what are its continuing economic effects on contemporary Germany? I know there are ...
19
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2answers
20k views

Where did Japan get their oil during WWII?

To my understanding the United States was the largest exporter of oil to the Japanese prior to Pearl Harbor. The Japanese islands aren't known for their oil fields. It's also believed that the attacks ...
5
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3answers
347 views

How common were professional musicians before the advent of recorded music?

I was talking to some economist friends about the future of the music business if musicians couldn't earn any money outside of live performances and swag sales, and I proposed that we could use the ...
8
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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 ...
4
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1answer
377 views

Did an English company famous for its hidden purpose in the 1720s ever reveal its undertaking?

The Wikipedia article for the South Sea Company says that: "Among the many companies to go public in 1720 is - famously - one that advertised itself as 'a company for carrying out an undertaking of ...
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1answer
160 views

Is there a historical reason for a pattern of worse technological standards beating out better ones? [closed]

Here are some examples of technological standards: • Dvorak versus Qwerty keyboards. Qwerty won despite yielding lower word-per-minute rates of average users. • Betamax vs VHS. VHS won despite the ...
3
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2answers
1k views

Why was a gold standard not stipulated in the U.S. Constitution? [closed]

It is a known fact that some of the founding fathers wanted to limit the power of the federal government. I have heard it said on the History Channel that one of the ways they did this was by ...
4
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2answers
824 views

What was the price of basic foodstuff in 1930 Poland?

I'm working on a movie shot in Warsaw. The movie takes places in the 30s in Poland and we're currently searching for the prices of basic food during that time. Generally speaking, what was the price ...
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2answers
2k views

Where did the demand for textiles during the industrial revolution come from?

A lot of the technological developments in the early-ish industrial revolution in Britain were about increasing the rate and efficiency of textile manufacture. It's easy to find material about what ...
12
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2answers
896 views

How would prospective members join a medieval European guild?

On related lines, 1) How would a young person (young man) have selected a master with whom to apprentice? How did the matching up process work? 2) What motivated a master/practitioner to take on an ...
47
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4answers
16k views

Where did Hitler get the funds to invest in economic development programs such as the autobahn when the German economy was in a depression?

Where did Hitler get the funds to invest in economic revitalization programs such as the autobahn and weapons' production when the German economy was in a depression?