Economic History Of World War I
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Economic History Of World War I
The economic history of World War I covers the methods used by the First World War (1914–1918), as well as related postwar issues such as war debts and reparations. It also covers the economic mobilization of labour, industry, and agriculture leading to economic failure. It deals with economic warfare such as the blockade of Germany, and with some issues closely related to the economy, such as military issues of transportation. For a broader perspective see home front during World War I. All of the powers in 1914 expected a short war; none had made any economic preparations for a long war, such as stockpiling food or critical raw materials. The longer the war went on, the more the advantages went to the Allies, with their larger, deeper, more versatile economies and better access to global supplies. As Stephen Broadberry and Mark Harrison conclude, once stalemate set in late in 1914: "The greater Allied capacity for taking risks, absorbing the cost of mistakes, replacing losses ...
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Silver Into Bullets
Silver is a chemical element; it has Symbol (chemistry), symbol Ag () and atomic number 47. A soft, whitish-gray, lustrous transition metal, it exhibits the highest electrical conductivity, thermal conductivity, and reflectivity of any metal. Silver is found in the Earth's crust in the pure, free elemental form ("native metal, native silver"), as an alloy with gold and other metals, and in minerals such as argentite and chlorargyrite. Most silver is produced as a byproduct of copper, gold, lead, and zinc Refining (metallurgy), refining. Silver has long been valued as a precious metal. Silver metal is used in many bullion coins, sometimes bimetallism, alongside gold: while it is more abundant than gold, it is much less abundant as a native metal. Its purity is typically measured on a per-mille basis; a 94%-pure alloy is described as "0.940 fine". As one of the seven metals of antiquity, silver has had an enduring role in most human cultures. Other than in currency and as an in ...
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Irish Nationalism
Irish nationalism is a nationalist political movement which, in its broadest sense, asserts that the people of Ireland should govern Ireland as a sovereign state. Since the mid-19th century, Irish nationalism has largely taken the form of cultural nationalism based on the principles of Self-determination, national self-determination and popular sovereignty.Sa'adah 2003, 17–20.Smith 1999, 30. Irish nationalists during the 18th, 19th, and 20th centuries such as the Society of United Irishmen, United Irishmen in the 1790s, Young Irelanders in the 1840s, the Fenian Brotherhood during the 1880s, Fianna Fáil in the 1920s, and Sinn Féin styled themselves in various ways after French left-wing Radicalism (historical)#France, radicalism and republicanism. Irish nationalism celebrates the culture of Ireland, especially the Irish language, literature, music, and sports. It grew more potent during the period in which all of Ireland was part of the United Kingdom of Great Britain and Ire ...
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Gross Domestic Product
Gross domestic product (GDP) is a monetary measure of the total market value of all the final goods and services produced and rendered in a specific time period by a country or countries. GDP is often used to measure the economic performance of a country or region. Several national and international economic organizations maintain definitions of GDP, such as the OECD and the International Monetary Fund. GDP is often used as a metric for international comparisons as well as a broad measure of economic progress. It is often considered to be the world's most powerful statistical indicator of national development and progress. The GDP can be divided by the total population to obtain the average GDP per capita. Total GDP can also be broken down into the contribution of each industry or sector of the economy. Nominal GDP is useful when comparing national economies on the international market according to the exchange rate. To compare economies over time inflation can be adjus ...
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Ernest Scott
Sir Ernest Scott (21 June 1867 – 6 December 1939) was an Australian historian and professor of history at the University of Melbourne from 1913 to 1936. Early life Scott was born in Northampton, England, on 21 June 1867, the son of Hannah Scott, a housekeeper; William Scott, civil engineer, was cited as his father when Ernest married. Ernest Scott was educated at St Katherine's Church of England School, Northampton and worked as a journalist on the London ''Globe''. On 7 May 1892 Scott married Mabel Emily Besant, daughter of Rev. Frank and Annie Besant, the theosophist; they had one child, Muriel (1893–1924). Career In 1892 Scott (who began to call himself Besant-Scott at his wife's insistence) migrated to Australia, where he joined the staff of ''The Herald'' newspaper, edited the ''Austral Theosophist'' (established by Isabel Cooper-Oakley) which appeared from January 1894 to February 1895, and lectured. Around 1896 Mabel converted to Roman Catholicism and became e ...
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War Risk Insurance
War risk insurance is a type of insurance which covers damage due to acts of war, including invasion, insurrection, rebellion and hijacking. Some policies also cover damage due to weapons of mass destruction. It is most commonly used in the shipping and aviation industries. Unlike regular insurance policies, war risk policies do not include a broad war exclusion clause. War risk insurance generally has two components: war risk liability, which covers people and items inside the craft and is calculated based on the indemnity amount; and war risk hull, which covers the craft itself and is calculated based on the value of the craft. The premium varies based on the expected stability of the countries to which the vessel will travel. Private war risk insurance policies for aircraft were temporarily cancelled following the September 11, 2001 attacks and later reinstated with substantially lower indemnities.
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Billy Hughes
William Morris Hughes (25 September 1862 – 28 October 1952) was an Australian politician who served as the seventh prime minister of Australia from 1915 to 1923. He led the nation during World War I, and his influence on national politics spanned several decades. He was a member of the federal parliament from the Federation of Australia in 1901 until his death in 1952, and is the only person to have served as a parliamentarian for more than 50 years. He represented six political parties during his career, leading five, outlasting four, and being expelled from three. Hughes was born in London to Welsh parents. He emigrated to Australia at the age of 22, and became involved in the fledgling Australian labour movement. He was elected to the New South Wales Legislative Assembly in 1894, as a member of the New South Wales Labor Party, and then transferred to the new federal parliament in 1901. Hughes combined his early political career with part-time legal studies, and was ca ...
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Australian Honour Flag
The Australian Honour Flag is a special Australian flag that was created by the Commonwealth Government in 1918, as a result of World War I. It consists of a white flag, with the national flag in canton, a large 7-pointed star, and three blue vertical bars, with a red border overall. Towns and districts in Australia which subscribed twice their quota of funds to the Commonwealth Government's Seventh War Loan in 1918 were presented with the Honour Flag. Individual contributors were awarded a certificate known as a House Badge, which featured an illustration of the Honour Flag without the bars and star. See also *List of Australian flags This is a list of flags of different designs that have been used in Australia. National flags State and territory flags Unofficial territory flags Historic state flags Nationally proclaimed flags of Indigenous peoples Royal a ... References External links * Flags of Australia Military of Australia Flags introduced ...
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Canadian Labour Revolt
The Canadian Labour Revolt was a loosely connected series of Strike action, strikes, riots, and Labor dispute, labour conflicts that took place across Canada between 1918 and 1925, largely organized by the One Big Union (Canada), One Big Union (OBU). It was caused by a variety of factors including rising costs of living, unemployment, intensity of work, the unwillingness of employers to recognize unions, and the ongoing Revolutions of 1917–1923, international revolution. The One Big Union aimed to overthrow capitalism and the Government of Canada, Canadian state and replace it with a Socialism, socialist system based on Workers' self-management, worker control of industry and a Soviet (council), democratic system with representation based on workplace instead of residential location. Inspired by the October Revolution, Bolshevik Revolution in Russian Empire, Russia and the Spartacist uprising in Germany, labour unions in Canada grew increasingly militant. The revolt commenced w ...
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Economic Indicator
An economic indicator is a statistic about an Economics, economic activity. Economic indicators allow analysis of economic performance and predictions of future performance. One application of economic indicators is the study of business cycles. Economic indicators include various indices, earnings reports, and economic summaries: for example, the unemployment rate, quits rate (quit rate in American English), housing starts, consumer price index (a measure for inflation (economics), inflation), inverted yield curve, consumer leverage ratio, industrial production, bankruptcies, gross domestic product, broadband internet access, broadband internet penetration, retail sales, price index, and changes in credit conditions. The leading business cycle dating committee in the United States, United States of America is the private National Bureau of Economic Research. The Bureau of Labor Statistics is the principal fact-finding agency for the U.S. government in the field of labor economics ...
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Indian Army During World War I
The Indian Army, also called the British Indian Army, was involved in World War I as part of the British Empire. More than one million Indian troops served overseas, of whom more than 60,000 died during the war. In World War I the Indian Army fought against the German Empire on the Western Front. At the First Battle of Ypres, Khudadad Khan became the first Indian to be awarded a Victoria Cross. Indian divisions were also sent to Egypt, Gallipoli, German East Africa and nearly 700,000 served in Mesopotamia against the Ottoman Empire. While some divisions were sent overseas others had to remain in India guarding the North West Frontier and on internal security and training duties. Field-Marshal Sir Claude Auchinleck, Commander-in-Chief of the Indian Army from 1942 asserted that the British "couldn't have come through both World War I and II if they hadn't had the Indian Army." Kitchener's Reforms Herbert Kitchener was appointed Commander-in-Chief, India in 1902 and after f ...
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Conscription Crisis Of 1918
The Conscription Crisis of 1918 stemmed from a move by the British government to impose conscription (military draft) in Ireland in April 1918 during the First World War. Vigorous opposition was led by trade unions, Irish nationalist parties and Roman Catholic bishops and priests. A conscription law was passed but was never put in effect; no one in Ireland was drafted into the British Army. The proposal and backlash galvanised support for political parties which advocated Irish separatism and influenced events in the lead-up to the Irish War of Independence. Background In early 1918, the British Army was dangerously short of troops for the Western Front. In the German Spring Offensive of 1918, German troops broke through the Allied lines in several sectors of the front in France, with a local advantage in numbers of four to one, putting severe strain on the Allied armies. The British Army, in one day, suffered a major setback, with the Imperial German Army over-running ...
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