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The Price Revolution, sometimes known as the Spanish Price Revolution, was a series of economic events that occurred between the second half of the 16th century and the first half of the 17th century, and most specifically linked to the high rate of inflation that occurred during this period across Western Europe. Prices rose on average roughly ...
The powerful combination of ERP and NATO (1949) gave Europe the assurance of America's commitment to the security and prosperity of Western Europe, and helped the recipients avoid the pessimism and despair that characterized the aftermath of World War I. The Marshall Plan thus created in Europe an unstoppable "revolution of rising expectations ...
The European interwar economy (the period between the First and Second World War, also known as the interbellum) began when the countries in Western Europe were struggling to recover from the devastation caused by the First World War, while also dealing with economic depression and the rise of fascism.
Passage through Armageddon: The Russians in War and Revolution 1914–1918 (1986) Markevich, Andrei, and Mark Harrison. "Great War, Civil War, and recovery: Russia's national income, 1913 to 1928" Journal of Economic History (2011) 71#3 pp 672–703. Smith, Stephen Anthony. Russia in revolution: an empire in crisis, 1890 to 1928 (Oxford UP, 2016).
To pay for the large costs of the First World War, Germany suspended the gold standard (the convertibility of its currency to gold) when the war broke out in 1914. Unlike France, which imposed its first income tax to pay for the war, German Emperor Wilhelm II and the Reichstag decided unanimously to fund the war entirely by borrowing.
Until the end of the 16th century, Italy was highly prosperous relative to other parts of Europe. From the end of the 16th century, Italy stagnated relative to other parts of Europe. [1] At the time of Italian unification, Italy's GDP per capita was about half of that of Britain. [1] [2] By the 1980s, Italy had similar GDP per capita as Great ...
While most of western Europe fell into a Dark Age after the decline of the Roman Empire, those kingdoms in the Iberian Peninsula that today are known as Spain maintained their economy. [citation needed] First, the Visigoths replaced the Roman imperial administrators (an international class at the top echelons). They established themselves as ...
The European liquidation of American securities in 1914 (also called the financial crisis of 1914) was the selloff of about $3 billion (equivalent to $91.26 billion in 2023) of foreign portfolio investments at the start of World War I, taking place at the same time as the broader July Crisis of 1914.