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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653 views

What was used to pay taxes in Medieval England [closed]

Was coinage issued by the Kings (Queen) used to pay taxes in Medieval England? If so were these silver or gold coins or base metal ? And how did the use of tally sticks fit into the tax system
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1answer
128 views

According to game theory would Germany's post 1939 expansionism have provided the optimal economic benefits? [closed]

using Game theory only : Did implementation of economic polices pre 1939 reached a point that the optimal economical benefits would have been maintained/obtained by war? If no what were the game ...
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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? ...
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1answer
2k views

What would be the GDP of the Roman Empire?

I understand that this particular question is hard to answer. However, do there exist any historical record to how much was the GDP of Rome at some period? If not, could you give me a speculation or a ...
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3answers
1k views

Did the increase of slavery in the US bring an end to indentured servitude?

In the development of the New World, indentured servitude was quite common for passage across the Atlantic. Did the increase in slavery in America, especially in Virginia and other similar ...
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3answers
1k views

Does the world become more prosperous when divided? [closed]

Matt Ridley in Rational Optimist says that countries are prosperous when divided due to competition among government. Countries are backward when united. According to this theory, China advanced after ...
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1answer
2k views

Did Japan make a contribution to World War II way out of proportion to its nominal relative GDP? [closed]

I was surprised to read these 1938 figures (admittedly estimates) of 1938 GDP for the major combatants of World War II. In round figures, the U.S. had $85 billion, the Germans $42 billion, Britain $...
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0answers
175 views

What were the names of the weapon manufacturers in France in the late 1700's

What were the names of the companies that manufactured hand weapons in France in the late 1700's and who were the most productive.
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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 ...
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2answers
465 views

Paradigm change in power: from military to economic in Europe [closed]

It seems to me that the Middle-Ages/Renaissance observed a paradigm shift between the source of political power in Western Europe. Indeed, in the High Middle-Ages, Kings were ruling surrounded by ...
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1answer
175 views

In exchange for forbidding strikes, did Napoleon guarantee high wages?

According to Wikipedia citing Frank McLynn, Napoleon, Pimlico 1998 Ch 21, p482, strikes were forbidden by Napoleon I in exchange for a guarantee by employers that wages would remain high. How did ...
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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 ...
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2answers
151 views

Estimating gross domestic product in ancient times

I would like to estimate, to what extent the Roman republic (or different parts of it) were "agricultural". Today, a common measure to the "agricultural-ness" of an economy is the gross domestic ...
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1answer
534 views

Were boycotts, divestment, and sanctions effective against apartheid?

In the 1980s there was a movement to use boycotts, divestment, and sanctions (BDS) to apply pressure on the apartheid regime in South Africa. These efforts included sports boycotts, refusal of some ...
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0answers
79 views

Employment statistics in Germany since mid-19th century [closed]

What is the most reliable source of employment statistics in Germany? I am interested in the time period starting from mid-19th century all the way to present days.
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2answers
201 views

Other than coffee and tobacco what major product became Cuba's source of wealth in the 18th century?

How did the Industrial Revolution affect the production of this commodity? What, if any, affect did the Great Depression have on the industry?
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1answer
341 views

How long did it take to build earth dikes with low-tech tools?

Let's say you're in charge of a group of laborers anywhere from the Iron Age to the Middle Ages. Your job is to build a dike made of earth, a couple of meters high and presumably about the same width ...
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1answer
233 views

What did Central America export in the early 20th century other than coffee and bananas?

Coffee and bananas dominated the Central American economy after the turn of the century, accounting for 75% of the region's exports in 1930. Central America became very dependent on the fortune of ...
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1answer
1k views

Income distribution of major combatants before and after WWII?

This question about GDP per capita of major combatants before and after WWI made me wonder how these GDPs were distributed. Do we know the Gini coefficient (or a similiar metric) for the major ...
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2answers
1k views

Ratio of population to military size throughout European history? [closed]

I realise that this is a fairly broad question, but I am trying to get a sense of the ratio between the total population and the size of the military that societies could support at different times ...
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1answer
895 views

What is the average price, in silver, for a loaf of bread through history?

I would like to build a graph for the price of a loaf of bread based on exchange of silver. My research has shown that some items or commodities have remained very consistent when priced against other ...
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2answers
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Germany's “Economic Miracle” [closed]

I heard, but cannot verify, that some economists call what Hitler did for Germany's economy an "economic miracle." This claims (my emphases): Hitler's Economic MiracleThe real reason for World War ...
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3answers
1k views

Why was the government expenditures of the Roman Empire very low compared to modern governments?

I was trying to compare the military spending of the Roman empire in the 1st century with modern military spending and how much of a burden that was to Roman people. The Wikipedia page of the ...
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2answers
745 views

Russian war reparations from Germany post WW2 [closed]

Is there any record of negotiations(if any), regarding war reparations from Germany to Russia following WW2, if there were reparations paid by Germany to Russia following WW2, do they have an impact ...
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2answers
959 views

Medieval farmer's metal tools

What metal woodworking tools should I expect to find in the household of a 14th century well-off peasant farmer from Hampshire? (Answering more broadly is acceptable, but it might help to give this ...
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1answer
198 views

How many electric light companies operated in New York in 1887?

ConEdison's History page says: By 1900, there were more than 30 companies generating and distributing electricity throughout the boroughs of New York City and in Westchester County. I'm skeptical ...
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3answers
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Was the Stock Market Crash of 1929 a cause or result of the Great Depression?

Did the Stock Market Crash of 1929 effectively cause the Great Depression, or were there economic factors already in place at that time such that the Greet Depression would have happened anyway, and ...
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1answer
1k views

How did Asian Americans manage to become richer than an average American? [closed]

By "richer" I mean higher median income. Large-scale immigration of Asians to the United States began in the 19th century. In the beginning, most of them were poorer than an average American. ...
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2answers
4k views

How did the Germans get housing again after WWII?

After a large number of homes were destroyed in the war, how did the average German become a homeowner again? I know about the Marshall Plan, but this question does not refer to how the economy in ...
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2answers
7k views

How was security on the Silk Road between China and the West maintained?

From the 2nd century BC to the beginning of the 15th century the Silk Road (or more correctly roads, as there were alternative routes) was the primary trade route between China and the West. One ...
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1answer
772 views

What is the largest overnight depreciation?

What is the largest overnight currency depreciation? How large, which currency and when? When examining historical records of currency depreciation, it is helpful to have a better understanding of ...
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324 views

What is the first example of a Western government passing a sin tax?

What is the first example of a Western government passing a sin or vice tax -- that is, a tax passed primarily to discourage consumption of certain goods due to moral, not economic, concerns? ...
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1answer
12k views

Impact of the Berlin Wall to GDR

"No one has the intention of erecting a wall!" - Walter Ulbricht, June 15,1961. The Wall was erected anyway, because more than 2.6 million East Germans escaped to West Berlin or West Germany from ...
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2answers
96 views

What is it called when a Corporation purchases the rights to something to prevent it's production, to increase profit [closed]

What is it called, when a Large Business or Corporation sees that some product, invention, or medicine will destroy or reduce the size of their market or consumer base; and they either purchase the ...
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1answer
2k views

How did Yugoslavia economically survive the Cold War

During the time of Cold War, both USA and USSR have a program to help their allied country economically. For USA, they have a policy called "Marshal Plan" which is aimed to support democratic country ...
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3answers
800 views

When did the majority of Americans stop living on farms? [closed]

I know defining a farm is tricky. I will, of course, take any definition available. If I could pick, I would say that if there is one person working full-time outside of a household, that household is ...
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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 ...
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4answers
3k views

Why was gold so popular and valuable back when it did not have many real world uses?

I'm talking about back when it was first starting to get discovered, like 2000 B.C. (roughly). Gold was being used for coins, jewellery and more. It was a very well known commodity and accepted ...
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1answer
500 views

What was the Nove / Millar debate, how is it important to the historiography of the Soviet Union?

The Nove / Millar debate was a debate amongst economic historians in the 1970s, where the Western understanding of Soviet economic development in the 1920 and 1930s was seriously revised. In ...
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3answers
5k views

What is the current U.S. monetary standard? [closed]

Despite my greatest efforts, I could not find any information about what standard the U.S. is using at this time. Apparently, we used to be on a gold standard. What about now? Do we even have a ...
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1answer
137 views

Keynesian economics during his era

Nowadays in politics, critics of Keynesian economics say it is unsustainable spending. However, I know that John Maynard Keynes actually said budgets should be balanced in the medium term, just not ...
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2answers
872 views

Did the Nazis have any unique or especially effective economic policies?

The Nazi rule in Germany is associated with (among many, many other things) a sudden and powerful economic resurgence. This is especially impressive since it happened in a country that was ...
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1answer
133 views

Power over the centuries: spiritual vs. political vs. economic

I recently attended a presentation on the shift in power over the centuries. The speaker argued that ... the power in the middle ages was in the churches, i.e., the priests and, thus, in the ...
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2answers
169 views

What is “the dead credit”?

I was reading the Wikipedia page for the Polish Lithuanian Commonwealth and this picture was featured to demonstrate the diverse society. It is propably a parody of various pictures called "...
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2answers
2k views

Were US exports in the early 1800s paid for with metal or with paper?

In the early 1800s, when people in the US exported goods to Europe, how were those goods paid for? What did the buyers actually send back on ships crossing the Atlantic to pay for the goods? I can ...
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99 views

What property relations existed between peasants and those who took from peasants in early Ottoman rule in Anatolia?

What property relations existed between peasants and those who took from peasants in early Ottoman rule (1300-1450) in Anatolia? How was social surplus extracted from peasants, by who, with what ...
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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 ...