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Financing the First World War

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Financing the First World War - Strachan, Hew
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The First World War was costly in treasure as well as lives. Before its outbreak many commentators reckoned that the great powers could not afford to fight or that economic dislocation would bring war to a rapid close. They were wrong. Ways were found to fund the fighting that went beyond conventional devices like taxation of domestic borrowing.Britain managed to raise much of its money which it and its allies needed in the United States, so implicating America in the war long before its formal entry in April 1917. This is ...

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Financing the First World War 2004, Oxford University Press, USA, Oxford, England

ISBN-13: 9780199257270

Trade paperback