Author: | T. Schlipfinger | ISBN: | 9783656189923 |
Publisher: | GRIN Verlag | Publication: | May 14, 2012 |
Imprint: | GRIN Verlag | Language: | German |
Author: | T. Schlipfinger |
ISBN: | 9783656189923 |
Publisher: | GRIN Verlag |
Publication: | May 14, 2012 |
Imprint: | GRIN Verlag |
Language: | German |
Studienarbeit aus dem Jahr 2010 im Fachbereich Geschichte Europa - and. Länder - Zeitalter Weltkriege, Note: 1, Leopold-Franzens-Universität Innsbruck (Geschichte ), Veranstaltung: Österreichische Geschichte, Sprache: Deutsch, Abstract: This paper studies the various ways a country has in order to finance a war, thereby focusing on the Austrian-Hungarian monarchy and its ways to get money to finance the First World War. Major insights were provided by Alexander Popovics, the former governor of the Austrian-Hungarian bank and president of the Hungarian national bank. As his book Das Geldwesen im Kriege (trans. The Monetary System during the War) shows, Austria-Hungary relied very much on the money printing press instead of imposing taxes. Other means of raising money were emitting war bonds and loans from other countries - mostly Germany. However, as the monarchy relied to a much greater extent on the printing press than other nations did, the result was a major inflation that started already in 1914.
Studienarbeit aus dem Jahr 2010 im Fachbereich Geschichte Europa - and. Länder - Zeitalter Weltkriege, Note: 1, Leopold-Franzens-Universität Innsbruck (Geschichte ), Veranstaltung: Österreichische Geschichte, Sprache: Deutsch, Abstract: This paper studies the various ways a country has in order to finance a war, thereby focusing on the Austrian-Hungarian monarchy and its ways to get money to finance the First World War. Major insights were provided by Alexander Popovics, the former governor of the Austrian-Hungarian bank and president of the Hungarian national bank. As his book Das Geldwesen im Kriege (trans. The Monetary System during the War) shows, Austria-Hungary relied very much on the money printing press instead of imposing taxes. Other means of raising money were emitting war bonds and loans from other countries - mostly Germany. However, as the monarchy relied to a much greater extent on the printing press than other nations did, the result was a major inflation that started already in 1914.