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Questions tagged [finance]

Questions related to the history of the field of the allocation of economic assets and liabilities over a period of time for the purpose of increasing capital.

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What factors led to much higher US war bond sales and participation rates in WWII over that of WWI?

Sample US WWI Liberty Bond poster (left) and WWII War Bond poster (right). Source: Wikipedia Financing World Wars I & II in the United States In reviewing the United States efforts to finance ...
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How did the debt collection of Gregorius IX work?

In Dan Jones' 'The Templars', a paragraph details in broad terms how the Templar Order assisted the reigning Pope, Gregorius IX, with his debt collection over numerous Catholic realms. This is the ...
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Why were eighteenth century financial inventions only patentable under French law for 21 months?

This Tontine wikipedia article says, Financial inventions were patentable under French law from January 1791 until September 1792 Why did that practice stop after less than 2 years?
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How did the check pattern help with financial computations?

[ Wikipedia : ] The check pattern is also used in many areas other than textile styles, for example: on a board used by the mediaeval Exchequer to perform financial computations [...] [ ...
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Why did stock brokers go bankrupt after the crash of 1929?

If the sole purpose of a broker is simply to buy and sell for others, why would they go bankrupt? It's not like they have money invested in the cause, they just play with other people's money (or is ...
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Were debts owed or outstanding debts factored into the Roman census?

In the Roman Republic were debts and loans taken into account by the Censors when calculating the worth of a citizen's property? If yes, how were these checked?
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Before modern banking, how did government-issued coins get into everyone's hands?

At first, this question sounded basic to me, but I couldn't find easy answer in Wikipedia. Since this SE prefers restricted scope, let's limit it to the empires of the 9th-10th century, e.g. the ...
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Which tools were available in 1933 for the Chinese government to intervene in the money market?

I do not have profound knowledge of the Chinese banking sector in the 1930s, but, for instance, Tamagna, Frank M. Banking and finance in China. International Secretariat, Institute of Pacific ...
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What have been historical examples of how families have protected their wealth? [closed]

I know that the founder of the Rothschild fortune famously sent one son each to a few different countries so that if their fortune was confiscated in one, at least part of the fortune would remain and ...
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Venezuelan crisis of 1902–03: Why is there a Russian flag on the cover of the prominent newspaper 'Le Petit Parisien'?

The Venezuelan crisis of 1902–03[a] was a naval blockade from December 1902 to February 1903 imposed against Venezuela by Britain, Germany and Italy over President Cipriano Castro's refusal to pay ...
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Why did Charles I not borrow abroad?

The reign of Charles I of England can be summarized to a large degree as a continued attempt to raise revenue without authorization from Parliament. As is well known, Charles and his advisers had to ...
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Did the historic events behind the film The Big Short happen under Glass Steagall?

In this episode of Planet America, the former House of Representatives member Barney Frank made the statement: Sanders has one proposal, enact an 80 year old law, re-enacted called Glass Steagall. ...
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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 ...
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1answer
501 views

What is the oldest debt that any country is paying right now, and to whom? [closed]

What is the oldest debt that any country is paying right now, and to whom? To another country, an institution like World Bank, or to private entities? What were the historic causes for the debt? What ...
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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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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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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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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 ...
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How much did it cost to maintain Gustavus Adolphus' army? How much of it was paid by Richelieu?

I know that Cardinal Richelieu subsidized a large portion of Gustavus Adolphus' Protestant forces during the 30 Year War - despite France, ironically, being a Catholic power (citation obviously ...
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What were the factors that caused debtors' prison to disappear in most parts of the world in the 20th century?

Debtors' prison is a prison for people who are unable to pay debt. As recently as the mid 19th century, it was a common way to deal with unpaid debt in Western Europe. Debtors' prison started to ...
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How did France balance the budget by 1738?

I recently read (Citizens by Simon Schama) that France had a per capita debt of two-thirds of the annual income of a carpenter or tailor in 1714. By 1738 France had managed to balance the budget (more-...
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Has scholarship shown that persecuted religious minorities have tended to be financially successful?

In this interview with Neal Stephenson, talking about the historical basis for his Baroque Cycle series of novels, he makes the remark that ... persecuted religious minorities, if they’re not ...
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What percentage of Jews were in “finance” (money-lenders) throughout Middle Ages?

The stereotypical image of a Jew in Middle Ages (and the portrayal of them) was of course "the money-lender". From Ivanhoe's Isaac of York, to Shakespeare's Shylock, to "Проклятый жид, почтенный ...
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How much did helping the American Revolution cost France?

I recall reading somewhere that the expenses of the war were ruinous for France and that the gains didn't offset them, this being one of the causes that forced Louis XVI to convene the Estates ...
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Has the accounting services industry ever been disrupted in the U.S.?

What is the most-radical example of a disrupting service / model in the accounting business services industry? What I mean by disrupted is that someone has at some point taken such a radically ...
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What were the consequences of the bankruptcies of the Spanish Empire?

During the reigns of Charles V and Philip II Habsburg, the Spanish Empire had to declare bankruptcy several times. What were the consequences of these events? Did, for example, some of their assets ...
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624 views

State budget spending of Roman Empire

What can be said about the state budget (aerarium + fiscus + a.militare + etc) spending of the Roman Empire at the time of Augustus, say 14 A.D.? Can it be estimated in sesterces?
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Why is Alexander Hamilton considered the father of modern banking?

I've been hearing the phrase recently that Alexander Hamilton is considered the "father of modern banking", but haven't really come up with any explanation or definition that I can really understand ...
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What were the first “Big Banks” in the United States?

The large financial institutions of the world have dominated the news cycle for the past few years, and it got me thinking, what were the first large banks in the US? I am interested in hearing about ...
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How did New York become the financial hub of America?

Why did New York become the financial hub of America, rather than one of the other big cities?
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How would you accurately use older British currencies when writing a story?

For writing a story set in the Napoleonic Wars era, how should one use the currencies accurately? I read in novels they use currencies like shilling, pound, guinea, sovereign, four (or six-, etc) ...