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Financing the First World War : The First World War - Hew Strachan

Financing the First World War

The First World War

Paperback Published: 1st January 2005
ISBN: 9780199257270
Number Of Pages: 210

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To Arms is Hew Strachan's most complete and definitive study of the opening of the First World War. Now, key sections from this magisterial work are published as individual paperbacks, each complete in itself, and with a new introduction by the author. The First World War was costly in treasure as well as lives. Before its outbreak many commentators reckoned that the great powers could not afford to fight or that economic dislocation would bring war to a rapid close. They were wrong. Ways were found to fund the fighting that went beyond conventional devices like taxation or domestic borrowing. Britain managed to raise much of the money which it and its allies needed in the United States, so implicating America in the war long before its formal entry in April 1917. This is the first full history of how the war was financed. It resulted in hyper-inflation in the 1920s and, in due course, in New York's displacement of London as the world's money market. Its effects are still with us today.

1: Introduction 2: The Gold Standard 3: Financial Mobilization 4: The Loss of Budgetary Control 5: Taxation 6: Domestic Borrowing 7: Foreign Borowing

ISBN: 9780199257270
ISBN-10: 0199257272
Series: The First World War
Audience: General
Format: Paperback
Language: English
Number Of Pages: 210
Published: 1st January 2005
Publisher: Oxford University Press
Country of Publication: GB
Dimensions (cm): 21.1 x 13.4  x 1.2
Weight (kg): 0.34