Debts without redemption: cultural differences in First World War finance

"In 2015, Britain finally paid off a large war loan issued in 1917 to finance the First World War. In 2010, Germany made the last payments on some 80-year-old debts originally used to finance part of its reparations bill imposed by the Treaty of Versailles in 1919. 0These were exceptions. The v...

Ausführliche Beschreibung

Gespeichert in:
Bibliographische Detailangaben
1. Verfasser: Gaaff, Aris 1949- (VerfasserIn)
Format: Buch
Sprache:English
Dutch
Veröffentlicht: Soesterberg, The Netherlands Uitgeverij Aspekt [2017]
Schlagworte:
Online-Zugang:Inhaltsverzeichnis
Zusammenfassung:"In 2015, Britain finally paid off a large war loan issued in 1917 to finance the First World War. In 2010, Germany made the last payments on some 80-year-old debts originally used to finance part of its reparations bill imposed by the Treaty of Versailles in 1919. 0These were exceptions. The vast majority of the debts made during the Great War have never been paid back, including billion dollar loans from the US to western allies. These debts were the result of four years of almost unlimited spending by belligerent governments.00This is the first book that provides the reader with an overview of the financial aspects of the Great War from the French reparations after the Franco-Prussian war of 1870 to the present day. Apart from financing of the war itself, the author also covers the aftermath and the entanglement of inter-ally debts and German reparations. It emphasizes differences between countries in payment ethics, illustrated with striking examples and original graphs. The human interest of finance is not forgotten, by means of short but captivating biographies of the financial leaders of the time, men who made decisions that were at least as far-reaching as those of the generals on the battlefields."--Back cover
Beschreibung:"This book is an enlarged and updated version of the original Dutch issue published by Aspekt Publishers in the summer of 2014, titled Vier jaar vechten op krediet (Four years of fighting on credit), ISBN 978-94-6153-212-1"--Title page verso
Includes bibliographical references (pages 361-377) and indexes
Beschreibung:402 Seiten Illustrationen, Diagramme 23 cm
ISBN:9789463381895