Financial Markets Of Neutral Countries In World War Ii

This unique volume offers a definitive new history of European economies at war from 1914 to 1918. It studies how European economies mobilised for war, how existing economic institutions stood up under the strain, how economic development influenced outcomes and how wartime experience influenced post-war economic growth. Leading international experts provide the first systematic comparison of economies at war between 1914 and 1918 based on the best available data for Britain, Germany, France, Russia, the USA, Italy, Turkey, Austria-Hungary and the Netherlands. The editors' overview draws some stark lessons about the role of economic development, the importance of markets and the damage done by nationalism and protectionism. A companion volume to the acclaimed The Economics of World War II, this is a major contribution to our understanding of total war.

This important book fills a historical gap and acts as a valuable corrective in the general treatment of Switzerland's role during the Second World War. In addressing all of the moral and historical charges laid at Switzerland's door in relation to Nazi Germany, it does not offer an apology but, far more valuably, provides a sustained, nuanced analysis of the issues at stake. Contending that Swiss neutrality during the Second World War has not only been misunderstood, but has also been unfairly stigmatized, the book's wide-ranging assessment offers a much-needed corrective to received wisdom on the subject. Commendably, it presents a comparative assessment, comparing the Swiss both to European neutrals, and to the U.S. - which, it is often forgotten, defended the posture of neutrality for the first two years of the war. The study highlights the need for careful assessment in the context of more than half a century ago. Seen in those terms, the behavior of the Swiss emerges far more nuanced, more driven by the desperate conditions of total war, and far less susceptible to present-day moralizations than in the work of many writers. This important contribution deepens our understanding of the Second World War.

The chapters in this book reflect on people's relationships with past financial crises - from public opinion to business leaders and policy makers. In connection with financial crises, Remembering and Learning from Financial Crises addresses three fundamental questions: first, are financial crises remembered, and if so how? Second, have lessons been drawn from past financial crises? And third, have past experiences been used in order to make practical decisions when confronted with a new crisis? These questions are of course related, yet they have been approached from different historical perspectives, using methodologies borrowed from different academic disciplines. One of the objectives of this book is to explore how these approaches can complement each other in order to better understand the relationships between remembering and learning from financial crises and how the past is used by financial institutions. It thus recognises financial crisis as a recurring phenomenon and addresses the impact that this has in a range of public and policy contexts.

Notions of Neutralities examines the concept of neutrality at the international level over the last millennium. The eleven contributors approach the topic from multiple disciplinary perspectives and examine neutrality in several regions and time periods. They demonstrate that neutrality always was and still is an active and essential part of the international system.

This book provides a new quantitative view of the wartime economic experiences of six great powers; the UK, the USA, Germany, Italy, Japan and the USSR. What contribution did economics made to war preparedness and to winning or losing the war? What was the effect of wartime experiences on postwar fortunes, and did those who won the war lose the peace? A chapter is devoted to each country, reviewing its economic war potential, military-economic policies and performance, war expenditures and development, while the introductory chapter presents a comparative overview. The result of an international collaborative project, the volume aims to provide a text of statistical reference for students and researchers interested in international and comparative economic history, the history of World War II, the history of economic policy, and comparative economic systems. It embodies the latest in economic analysis and historical research.

This collection of essays sheds light on the history of Switzerland during World War II, covering such topics as: trade; financial relations; gold; refugees; defence; and foreign relations. It also touches on official post-war measures to suppress Switzerland's involvement in the war.