Funding the Great War and the beginning of the end for British hegemony
Item description: Chapter 2 in Book 'Debt and Entanglements Between the Wars' (2019), ed. E Dabla-Norris<br> Britain was the richest country in the world at the outbreak of the Great War, benefitting from all the resources of an industrialised country and a large empire. Funding the...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Book section |
| Language: | English |
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International Monetary Fund
2019
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| _version_ | 1797112622430027776 |
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| author | Ellison, M Sargent, TJ Scott, A |
| author2 | Dabla-Norris, E |
| author_facet | Dabla-Norris, E Ellison, M Sargent, TJ Scott, A |
| author_sort | Ellison, M |
| collection | OXFORD |
| description | Item description: Chapter 2 in Book 'Debt and Entanglements Between the Wars' (2019), ed. E Dabla-Norris<br>
Britain was the richest country in the world at the outbreak of the Great War, benefitting from all the resources of an industrialised country and a large empire. Funding the war contributed to the beginning of the end for British hegemony. Financiers in London extracted a high price for lending their money to the government to pay for the supplies and munitions needed to win the war. The US extracted a similarly high price for lending to Britain during the war. Russia never paid its war debts to Britain; France, Italy and Belgium got off lightly; but for a long time the US insisted on Britain repaying in full. |
| first_indexed | 2024-03-07T08:26:39Z |
| format | Book section |
| id | oxford-uuid:b5afb02e-5290-41d9-84e3-310a47c05419 |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-07T08:26:39Z |
| publishDate | 2019 |
| publisher | International Monetary Fund |
| record_format | dspace |
| spelling | oxford-uuid:b5afb02e-5290-41d9-84e3-310a47c054192024-02-16T10:27:19ZFunding the Great War and the beginning of the end for British hegemonyBook sectionhttp://purl.org/coar/resource_type/c_3248uuid:b5afb02e-5290-41d9-84e3-310a47c05419EnglishSymplectic ElementsInternational Monetary Fund2019Ellison, MSargent, TJScott, ADabla-Norris, EItem description: Chapter 2 in Book 'Debt and Entanglements Between the Wars' (2019), ed. E Dabla-Norris<br> Britain was the richest country in the world at the outbreak of the Great War, benefitting from all the resources of an industrialised country and a large empire. Funding the war contributed to the beginning of the end for British hegemony. Financiers in London extracted a high price for lending their money to the government to pay for the supplies and munitions needed to win the war. The US extracted a similarly high price for lending to Britain during the war. Russia never paid its war debts to Britain; France, Italy and Belgium got off lightly; but for a long time the US insisted on Britain repaying in full. |
| spellingShingle | Ellison, M Sargent, TJ Scott, A Funding the Great War and the beginning of the end for British hegemony |
| title | Funding the Great War and the beginning of the end for British hegemony |
| title_full | Funding the Great War and the beginning of the end for British hegemony |
| title_fullStr | Funding the Great War and the beginning of the end for British hegemony |
| title_full_unstemmed | Funding the Great War and the beginning of the end for British hegemony |
| title_short | Funding the Great War and the beginning of the end for British hegemony |
| title_sort | funding the great war and the beginning of the end for british hegemony |
| work_keys_str_mv | AT ellisonm fundingthegreatwarandthebeginningoftheendforbritishhegemony AT sargenttj fundingthegreatwarandthebeginningoftheendforbritishhegemony AT scotta fundingthegreatwarandthebeginningoftheendforbritishhegemony |