Archive for the ‘Economic history’ Category

Imagine a force of heavily armed troops advancing on the crowds in the MetLife Stadium or Wembley and you’ll have some idea of how things developed in the Hippodrome, a stadium with a capacity of about 150,000 that held tens of thousands of partisans of the Greens and Blues. While Belisarius’ Goths hacked away with [...]

Late in November 1927, an elderly Greek man sat in his mansion in Paris and tended a fire. Every time it flickered and threatened to die, he reached to one side and tossed another bundle of papers or a leather-bound book into the grate. For two days the old man fed the flames, at one [...]

Captain John Keay, master of the crack new British clipper ship Ariel, had good reason to feel pleased with himself. He had secured the first cargo of tea to come to market at the great Chinese port of Foochow (modern Fuzhou) in 1866—560 tons of first and second pickings, freighted at the high price of [...]

October 7, 23 A.D. The imperial Chinese army, 420,000 strong, has been utterly defeated. Nine “Tiger Generals,” sent to lead a corps of 10,000 elite soldiers, have been swept aside as rebel forces close in. The last available troops—convicts  released from the local jails—have fled. Three days ago, rebels breached the defenses of China’s great [...]

At eight on the evening of June 16, 1944—not long before dusk on the tenth day after the Allied invasion of France–the Gestapo dragged 28 French resistance fighters from the cells where they had been incarcerated, tortured and interrogated at Montluc prison, Lyon. Handcuffed in pairs, the men were thrust onto an open truck and [...]

Before the coming of the railways, and the buses, and the motor car, when it was not uncommon for isolated farms to be a day’s walk from the nearest shops, the closest many people got to a department store was when a wandering peddler came to call. Wheeled transport was still expensive then, and most [...]

The great German hyperinflation of 1923 is passing out of living memory now, but that doesn’t mean that it has been forgotten. Indeed, you don’t have to go too far to hear it cited as a terrible example of what can happen when a government lets the economy spin out of control, and the episode [...]