The Economics of World War I
This unique volume offers a definitive new history of European economies at war from 1914 to 1918. It studies how European economies mobilised for war, how existing economic institutions stood up under the strain, how economic development influenced outcomes and how wartime experience influenced post-war economic growth. Leading international experts provide the first systematic comparison of economies at war between 1914 and 1918 based on the best available data for Britain, Germany, France, Russia, the USA, Italy, Turkey, Austria-Hungary and the Netherlands. The editors' overview draws some stark lessons about the role of economic development, the importance of markets and the damage done by nationalism and protectionism. A companion volume to the acclaimed The Economics of World War II, this is a major contribution to our understanding of total war.
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agricultural Allies army Austria Austria-Hungary average balance banks Banque de France Bogart bonds borrowing Britain British Broadberry Cambridge University Press cent Central Powers civilian consumption costs countries current prices debt decline deficit domestic Dutch Economic History estimates European exchange rate expenditure exports factor figures finance foreign France GDP deflator GDP per head Germany Germany’s gold government spending grain growth guilders Habsburg Empire Hardach human capital Hungary impact imports increase industry inflation investment issues Italian Italy Italy’s labour force loans losses Maddison manufacturing military million crowns million guilders million rubles mobilisation monetary munitions national income Netherlands neutral Ottoman Empire output peacetime peasants percentage of 1913 physical capital political population postwar prewar level Prokopovich railways reparations result revenue rubles Russia sector shortages Source supply territory tion trade United Kingdom wages War Industries Board wartime workers World World War II