This business history analyzes the connections between private business, disarmament, and re-armament as they affected arms procurement and military technology transfers in Eastern Europe from 1919 to 1939. Rather than focusing on the negotiations or the political problems involved with the Disarmament Conferences, this study concerns itself with the business effects of the disarmament discussions. Accordingly, Schneider-Creusot, Skoda, Vickers, and their respective business activities in Eastern European markets serve as the chief subjects for this book, and the core primary sources relied upon include their unpublished corporate archival documents. Shifting the scope of analysis to consider the business dimension allows for a fresh appraisal of the linkages between the arms trade, disarmament, and re-armament. The business approach also explodes the myth of the 'merchants of death' from the inside. It concludes by tracing the armaments business between 1939 and 1941 as it transitioned from peacetime to war.

The explosion of the industrial revolution and the rise of imperialism in the second half of the nineteenth century served to dramatically increase the supply and demand for weapons on a global scale. No longer could arms manufacturers in industrialized nations subsist by supplying their own states' arsenals, causing them to seek markets beyond their own borders.

Challenging the traditional view of arms dealers as agents of their own countries, Jonathan Grant asserts that these firms pursued their own economic interests while convincing their homeland governments that weapons sales delivered national prestige and could influence foreign countries. Industrial and banking interests often worked counter to diplomatic interests as arms sales could potentially provide nonindustrial states with the means to resist imperialism or pursue their own imperial ambitions. It was not mere coincidence that the only African country not conquered by Europeans, Ethiopia, purchased weapons from Italy prior to an attempted Italian invasion.

From the rise of Remington and Winchester during the American Civil War, to the German firm Krupp's negotiations with the Russian government, to an intense military modernization contest between Chile and Argentina, Grant vividly chronicles how an arms trade led to an all-out arms race, and ultimately to war.

This business history analyzes the connections between private business, disarmament, and re-armament as they affected arms procurement and military technology transfers in Eastern Europe from 1919 to 1939. Rather than focusing on the negotiations or the political problems involved with the Disarmament Conferences, this study concerns itself with the business effects of the disarmament discussions. Accordingly, Schneider-Creusot, Skoda, Vickers, and their respective business activities in Eastern European markets serve as the chief subjects for this book, and the core primary sources relied upon include their unpublished corporate archival documents. Shifting the scope of analysis to consider the business dimension allows for a fresh appraisal of the linkages between the arms trade, disarmament, and re-armament. The business approach also explodes the myth of the 'merchants of death' from the inside. It concludes by tracing the armaments business between 1939 and 1941 as it transitioned from peacetime to war.