Financing the First World War
Hew Strachan
Price: £16.00 (paper)
ISBN-13: 978-0-19-925727-0
Publication date: 14 October 2004
278 pages, 216x138 mm
Series: The First World War
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| Description | | -
'Full-strength Strachan' - his outstanding study of the outbreak of the First World War, derived from the critically acclaimed The First World War
Volume I
- First full assessment of the financial background to the war
- Hew Strachan is a leading authority on the First World War and the major historical advisor for the acclaimed series on Channel 4
| 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.
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Readership: Readers with an interest in the First World War; students of the First World War and of twentieth-century history.
| Contents |
1.
Introduction
2.
The Gold Standard
3.
Financial Mobilization
4.
The Loss of Budgetary Control
5.
Taxation
6.
Domestic Borrowing
7.
Foreign Borowing
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| Authors, editors,
and contributors |
Hew Strachan, Chichele Professor of the History of War, Oxford University
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