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Books > History > World history > From 1900 > First World War
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Financing the First World War (Paperback, New)
Loot Price: R1,047
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Financing the First World War (Paperback, New)
Series: The First World War
Expected to ship within 10 - 15 working days
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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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