War, Economy and Society, 1939-1945

War, Economy and Society, 1939-1945

Author: Alan S. Milward

Publisher: Univ of California Press

Published: 1979

Total Pages: 420

ISBN-13: 9780520039421

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"This remarkable book should be the standard work for a long time. A true comparative study, it relates the experience of all the main countries (and sometimes others) to a series of key issues that are deftly analyzed and not just described. In addition to the basics--production, consumption, food, finance and organization--the book deals with such famous themes as war as the bringer-of-growth and stimulus-to-technology, and such special questions as the exploitation of occupied areas and economic warfare. Throughout, Professor Milward of Manchester relates economics to strategy in an illuminating way."--Foreign Affairs "An admirable state-of-the-arts report on what we know about how agriculture, population, technology, labor, industrial production, and public finance were affected by the war. He also sets out some highly challenging findings concerning the rationale and effectiveness of economic strategy as applied b the main powers. And he has tentatively advanced some large concepts about the nature of advanced economies as revealed by the manner in which they strove to cope with the war. His approach is broadly comparative: he gives us an account not only of the relative economic performance of individual European powers, but also of the Japanese and American war economies, plus a few observations on the situation in many smaller countries from Australia to Yugoslavia. The book is a mine of information and arresting concepts."--American Historical Review "Milward displays an impressive mastery of his material, both from a historical and economic point of view. He uses quantification effectively, but the book can be read with ease and pleasure by those who are neither trained in nor interested in econometrics. Lucidly written, this superb work deserves a much wider audience than merely specialists."--Journal of Economic Literature "Milward's portrayal of events operates on the proposition that strategic deicions cannot be understood apart from the economic considerations which each leader or government had to take into account. . . . a permanent contribution to our understanding of World War II. Henceforth it will be hard to escape his contention that the big battalions that counted were those on the production line."--Journal of Interdisciplinary History


A Small Nation in the Turmoil of the Second World War

A Small Nation in the Turmoil of the Second World War

Author: Herman van der Wee

Publisher: Leuven University Press

Published: 2009

Total Pages: 495

ISBN-13: 9058677591

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This monograph presents an in-depth analysis of Belgium's monetary and financial history during the Second World War. Exploring Belgium's financial and business links with Germany, France, The Netherlands, Great Britain, the United States, and the Grand Duchy of Luxembourg, the study focuses on the roles played by the Central Bank and private bankers in Brussels, by the Belgian government in exile in London, and by the Belgian minister plenipotentiary in New York. Among the subjects arising are: German attempts to plunder Belgium and Belgian resistance strategies; the peripeteia of the Belgian gold reserve; the role of the Belgian Congo; Belgium's participation in the discussions leading up to the Bretton Woods conference; and the negotiations for creating a Customs Union, blueprint for the 1958 Treaty of Rome. The final part of the book analyzes the famous monetary reform devised by Belgian Minister of Finance Camille Gutt at the liberation of the country in September 1944.


Occupied Economies

Occupied Economies

Author: Hein A.M. Klemann

Publisher: Bloomsbury Publishing

Published: 2013-05-09

Total Pages: 496

ISBN-13: 085785061X

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What were the consequences of the German occupation for the economy of occupied Europe? After Germany conquered major parts of the European continent, it was faced with a choice between plundering the suppressed countries and using their economies to supply its needs. The choices made not only differed from country to country, but also changed over the course of the war. Individual leaders; the economic needs of the Reich; the military situation; struggles between governors of occupied countries and Berlin officials; and finally racism, all had an impact on the outcome. In some countries the emphasis was placed on production for German warfare, which kept these economies functioning. New research, presented for the first time in this book, shows that as a consequence the economic setback in these areas was limited, and therefore post-war recovery was relatively easy. However, in other countries, plundering was more characteristic, resulting in partisan activity, a collapse of normal society and a dramatic destruction not only of the economy but in some countries of a substantial proportion of the labour force. In these countries, post-war recovery was almost impossible.


Paying for Hitler's War

Paying for Hitler's War

Author: Jonas Scherner

Publisher: Cambridge University Press

Published: 2016-03-21

Total Pages: 477

ISBN-13: 1107049709

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Paying for Hitler's War is a comparative economic study of twelve Nazi-occupied countries during World War II.


The Cambridge Economic History of Modern Britain

The Cambridge Economic History of Modern Britain

Author: Roderick Floud

Publisher: Cambridge University Press

Published: 2014-10-09

Total Pages: 607

ISBN-13: 1107038464

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A new edition of the leading textbook on the economic history of Britain since industrialization. Combining the expertise of more than thirty leading historians and economists, Volume 2 tracks the development of the British economy from late nineteenth-century global dominance to its early twenty-first century position as a mid-sized player in an integrated European economy. Each chapter provides a clear guide to the major controversies in the field and students are shown how to connect historical evidence with economic theory and how to apply quantitative methods. The chapters re-examine issues of Britain's relative economic growth and decline over the 'long' twentieth century, setting the British experience within an international context, and benchmark its performance against that of its European and global competitors. Suggestions for further reading are also provided in each chapter, to help students engage thoroughly with the topics being discussed.


The Economics of World War I

The Economics of World War I

Author: Stephen Broadberry

Publisher: Cambridge University Press

Published: 2005-09-29

Total Pages: 363

ISBN-13: 1139448358

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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.


The Liquidation of Government Debt

The Liquidation of Government Debt

Author: Ms.Carmen Reinhart

Publisher: International Monetary Fund

Published: 2015-01-21

Total Pages: 47

ISBN-13: 1498338380

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High public debt often produces the drama of default and restructuring. But debt is also reduced through financial repression, a tax on bondholders and savers via negative or belowmarket real interest rates. After WWII, capital controls and regulatory restrictions created a captive audience for government debt, limiting tax-base erosion. Financial repression is most successful in liquidating debt when accompanied by inflation. For the advanced economies, real interest rates were negative 1⁄2 of the time during 1945–1980. Average annual interest expense savings for a 12—country sample range from about 1 to 5 percent of GDP for the full 1945–1980 period. We suggest that, once again, financial repression may be part of the toolkit deployed to cope with the most recent surge in public debt in advanced economies.