Author: Alexander Michelson
Publisher:
ISBN:
Category : Currency question
Languages : en
Pages : 536

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Author: Hassan Malik
Publisher: Princeton University Press
ISBN: 0691202222
Category : Business & Economics
Languages : en
Pages : 317

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Book Description
Following an unprecedented economic boom fed by foreign investment, the Russian Revolution triggered the worst sovereign default in history. Bankers and Bolsheviks tells the dramatic story of this boom and bust, chronicling the forgotten experiences of leading financiers of the age. Shedding critical new light on the decision making of the powerful personalities who acted as the gatekeepers of international finance, Hassan Malik narrates how they channeled foreign capital into Russia in the late nineteenth and early twentieth centuries. While economists have long relied on quantitative analysis to grapple with questions relating to the drivers of cross-border capital flows, Malik adopts a historical approach, drawing on banking and government archives in four countries. The book provides rare insights into the thinking of influential figures in world finance as they sought to navigate one of the most challenging and lucrative markets of the first modern age of globalization. Bankers and Bolsheviks reveals how a complex web of factors--from government interventions to competitive dynamics and cultural influences - drove a large inflow of capital during this tumultuous period in world history. This gripping book demonstrates how the realms of finance and politics - of bankers and Bolsheviks - grew increasingly intertwined, and how investing in Russia became a political act with unforeseen repercussions.

Author: Rosella Cappella Zielinski
Publisher: Cornell University Press
ISBN: 1501706519
Category : Political Science
Languages : en
Pages : 206

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Book Description
Armies fight battles, states fight wars. To focus solely on armies is to neglect the broader story of victory and defeat. Military power stems from an economic base, and without wealth, soldiers cannot be paid, weapons cannot be procured, and food cannot be bought. War finance is among the most consequential decisions any state makes: how a state finances a war affects not only its success on the battlefield but also its economic stability and its leadership tenure. In How States Pay for Wars, Rosella Cappella Zielinski clarifies several critical dynamics lying at the nexus of financial and military policy.Cappella Zielinski has built a custom database on war funding over the past two centuries, and she combines those data with qualitative analyses of Truman's financing of the Korean War, Johnson’s financing of the Vietnam War, British financing of World War II and the Crimean War, and Russian and Japanese financing of the Russo-Japanese War. She argues that leaders who attempt to maximize their power at home, and state power abroad, are in a constant balancing act as they try to win wars while remaining in office. As a result of political risks, they prefer war finance policies that meet the needs of the war effort within the constraints of the capacity of the state.

Author: Peter Gatrell
Publisher: Routledge
ISBN: 1317881397
Category : History
Languages : en
Pages : 340

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Book Description
The story of Russia’s First World War remains largely unknown, neglected by historians who have been more interested in the grand drama that unfolded in 1917. In Russia’s First World War: A Social and Economic History Peter Gatrell shows that war is itself ‘revolutionary’ – rupturing established social and economic ties, but also creating new social and economic relationships, affiliations, practices and opportunities. Russia’s First World War brings together the findings of Russian and non-Russian historians, and draws upon fresh research. It turns the spotlight on what Churchill called the ‘unknown war’, providing an authoritative account that finally does justice to the impact of war on Russia’s home front

Author: A. C. Pigou
Publisher: Read Books Ltd
ISBN: 1447487869
Category : History
Languages : en
Pages : 357

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Book Description
This antiquarian book contains a comprehensive treatise on the topic of public finance, with information on taxation, employment, wages, and much more. This is a text that will be of considerable utility to those with an interest in the history and development of modern economical practices, and will make for a valuable addition to collections of allied literature. The chapters of this book include: 'Principles of Compensation', 'Non-transfer and Transfer Expenditures by Government Authorities', 'The Finance of Business Undertakings Operated by Public Authorities', 'The Range Of Government Expenditure', 'The Place of Loans Other than War Loans in Public Finance', and more. We are republishing this volume now in an affordable, modern edition complete with a specially commissioned biography of Arthur Cecil Pigou.

Author: Stephen Broadberry
Publisher: Cambridge University Press
ISBN: 1139448358
Category : History
Languages : en
Pages : 363

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Book Description
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.

Author: James MacDonald
Publisher: Princeton University Press
ISBN: 9780691126326
Category : Business & Economics
Languages : en
Pages : 580

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Book Description
For the greater part of recorded history the most successful and powerful states were autocracies; yet now the world is increasingly dominated by democracies. In A Free Nation Deep in Debt, James Macdonald provides a novel answer for how and why this political transformation occurred. The pressures of war finance led ancient states to store up treasure; and treasure accumulation invariably favored autocratic states. But when the art of public borrowing was developed by the city-states of medieval Italy as a democratic alternative to the treasure chest, the balance of power tipped. From that point on, the pressures of war favored states with the greatest public creditworthiness; and the most creditworthy states were invariably those in which the people who provided the money also controlled the government. Democracy had found a secret weapon and the era of the citizen creditor was born. Macdonald unfolds this tale in a sweeping history that starts in biblical times, passes via medieval Italy to the wars and revolutions of the seventeenth and eighteenth centuries, and ends with the great bond drives that financed the two world wars.

Author: Ronald P. Bobroff
Publisher: Bloomsbury Publishing
ISBN: 0857716549
Category : History
Languages : en
Pages : 265

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Book Description
Until now, it has been accepted that the Turkish Straits - the Russian fleet's gateway to the Mediterranean - were a key factor in shaping Russian policy in the years leading to World War I. Control of the Straits had always been accepted as the major priority of Imperial Russia's foreign policy. In this powerfully argued revisionist history, Ronald Bobroff exposes the true Russian concern before the outbreak of war: the containment of German aggression. Based on extensive new research, Bobroff provides fascinating new insights into Russia's state development before the revolution, examining the policies and personal correspondence of its policy makers. And through his detailed examination of the rivalries and alliances of the Triple Entente, he sheds new light on European diplomacy at the beginning of the twentieth century.

Author: Yanni Kotsonis
Publisher: University of Toronto Press
ISBN: 1442643544
Category : Business & Economics
Languages : en
Pages : 504

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Book Description
Beginning in the 1860s, the Russian Empire replaced a poll tax system that originated with Peter the Great with a modern system of income and excise taxes. Russia began a transformation of state fiscal power that was also underway across Western Europe and North America. States of Obligation is the first sustained study of the Russian taxation system, the first to study its European and transatlantic context, and the first to expose the essential continuities between the fiscal practices of the Russian Empire and the Soviet Union. Using a wealth of materials from provincial and local archives across Russia, Yanni Kotsonis examines how taxation was simultaneously a revenue-raising and a state-building tool, a claim on the person and a way to produce a new kind of citizenship. During successive political, wartime, and revolutionary crises between 1855 and 1928, state fiscal power was used to forge social and financial unity and fairness and a direct relationship with individual Russians. State power eventually overwhelmed both the private sector economy and the fragile realm of personal privacy. States of Obligation is at once a study in Russian economic history and a reflection on the modern state and the modern citizen.

Author: William G. Rosenberg
Publisher: Oxford University Press
ISBN: 0197610153
Category :
Languages : en
Pages : 601

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Book Description
Amidst the vast literature on the parties and politics of revolutionary Russia and its near constant appropriation for presentist purposes over the years, States of Anxiety assesses the effects of the great scarcities and enormous losses that Russia experienced between 1914 and 1921, a period of dramatic civil conflicts and Russia's "long World War." Scarcities meant not only the deficits of necessary goods like food, but also their accompanying anxieties and fears. Using archival documents and materials of the period almost exclusively, this study explores how the tsarist, democratic liberal, democratic socialist, and Bolshevik regimes all addressed the forms and effects of scarcity and loss in ways they hoped would assure the revolutionary outcomes of their own historical imaginations. Looking closely at their efforts, it suggests how and why each failed to do so. Approaching the Russian revolutionary period in these terms involves exploring a broad range of connected issues. Material scarcities involved problems with market exchange, prices, and inflation, as well as procurement, production, and distribution. They involved fiscal policies, monetary emissions, and the effects of escalating debt. But they also directly engaged cultural understandings of fairness, sacrifice, and social difference, and were accompanied by what today would be called today the anxieties of "food insecurity," the dangerous risks of unemployment, and a range of fears about family and community welfare. Officials and members of various state and public committees of various political orientations faced both the threats and actualities of market collapse, rampant speculation, black markets, increasingly visible social inequalities, and an array of emotional fields whose implications need to be understood. The statistical and other objective dimensions of scarcity and loss are generally described in ways that omit their complex emotional dimension, as the language of "food insecurity" obscures the actual effects of hunger. While taking into account important recent contributions to a large historiography, new efforts to decipher historical feelings and emotions, and attention to the languages through which events and feelings both were represented and given coherence, this book contributes to a broader understanding of the social and cultural foundations of uprisings and revolutionary upheavals.