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Lending to the Sound of Cannon

Mauricio Drelichman and Hans-Joachim Voth

in Lending to the Borrower from Hell: Debt, Taxes, and Default in the Age of Philip II

Published in print:
2014
Published Online:
October 2017
ISBN:
9780691151496
eISBN:
9781400848430
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691151496.003.0002
Subject:
Economics and Finance, Economic History

This chapter discusses wartime spending and the rise of the fiscal-military state. The need to borrow was intimately related to the cost of war. After 1500, a “military revolution” transformed ... More


Paying for the War: Economic Policy in Poor Countries Under Conflict Conditions

Valpy FitzGerald

in War and Underdevelopment: Volume 1: The Economic and Social Consequences of Conflict

Published in print:
2000
Published Online:
October 2011
ISBN:
9780199241866
eISBN:
9780191696961
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199241866.003.0002
Subject:
Economics and Finance, Development, Growth, and Environmental

Macroeconomic policy in wartime is concerned with reducing human suffering, particularly in poor countries where a large proportion of the population is near or below the poverty line. This chapter ... More


Coda on Treasury Debt Management during World War I

Kenneth D. Garbade

in Birth of a Market: The U.S. Treasury Securities Market from the Great War to the Great Depression

Published in print:
2012
Published Online:
August 2013
ISBN:
9780262016377
eISBN:
9780262298674
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262016377.003.0010
Subject:
Economics and Finance, Econometrics

This chapter discusses the changes in Treasury debt management that accompanied the wartime growth in debt. These include how the Treasury sold securities, the contractual provisions of Treasury ... More


:: The Emergence of National Income Accounting as a Tool of Economic Policy

Robert William Fogel, Enid M. Fogel, Mark Guglielmo, and Nathaniel Grotte

in Political Arithmetic: Simon Kuznets and the Empirical Tradition in Economics

Published in print:
2013
Published Online:
January 2014
ISBN:
9780226256610
eISBN:
9780226020723
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226020723.003.0004
Subject:
Economics and Finance, History of Economic Thought

This chapter discusses the following: the New Deal; the U.S. mobilization for war; the use of national income accounting to allocate resources between military and civilian needs; the role of ... More


Treasury Debt Management since 1939

Kenneth D. Garbade

in Birth of a Market: The U.S. Treasury Securities Market from the Great War to the Great Depression

Published in print:
2012
Published Online:
August 2013
ISBN:
9780262016377
eISBN:
9780262298674
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262016377.003.0024
Subject:
Economics and Finance, Econometrics

This chapter examines several aspects of how Treasury officials exercised their authority with respect to debt management policy after 1939. It begins with a brief survey of how the Treasury financed ... More


Treasury Cash Management: Certificates of Indebtedness

Kenneth D. Garbade

in Birth of a Market: The U.S. Treasury Securities Market from the Great War to the Great Depression

Published in print:
2012
Published Online:
August 2013
ISBN:
9780262016377
eISBN:
9780262298674
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262016377.003.0007
Subject:
Economics and Finance, Econometrics

Treasury officials adopted two strategies to ease fluctuations in government balances at the Federal Reserve Banks, which would have otherwise resulted from the immense flows of funds attributable to ... More


Treasury Cash Management: War Loan Deposit Accounts

Kenneth D. Garbade

in Birth of a Market: The U.S. Treasury Securities Market from the Great War to the Great Depression

Published in print:
2012
Published Online:
August 2013
ISBN:
9780262016377
eISBN:
9780262298674
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262016377.003.0008
Subject:
Economics and Finance, Econometrics

This chapter describes the Treasury redeposit program. The Treasury was expected to redeposit in commercial banks the proceeds of wartime securities sales until the funds were needed. While the ... More


The Measurement of Economic Activity and the Growth Metric: Constructing National Income in Britain, 1907–1941

Keith Tribe

in The Economy of the Word: Language, History, and Economics

Published in print:
2015
Published Online:
March 2015
ISBN:
9780190211615
eISBN:
9780190211646
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780190211615.003.0003
Subject:
Economics and Finance, Economic History

The idea of ‘gross domestic product’ as the annual flow of national output dates back to the eighteenth century, but it was only in the mid-twentieth century that it became a reliable number. This ... More


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