scholarly journals How did the Capital Market Evaluate Germany’s Prospects for Winning World War I? Evidence from the Amsterdam Market for Government Bonds

Author(s):  
Tobias A. Jopp

AbstractThis study uses prices for the German 3 percent imperial loan issued in several tranches since 1890 and still traded during World War I to measure capital market players’ real-time perceptions of the prospects for Germany as the war proceeded. Price data are gathered from the Amsterdam market for government bonds; the Netherlands remained neutral throughout war. Focusing on the window from August 24th 1915 to August 11th 1919, ten (twelve) turning points are identified in a baseline (extended) model. Each implies a significant adjustment of lenders’ confidence in Germany being able, or willing, to service its debts in the future. Two turning points stand out. In early January 1916, the price plummeted by 14.3 percent between the first and eleventh of the month, which was most likely due to the Military Service Act discussed in the British parliament. On September 19th 1918, the price dropped by 17.5 percent compared to the last available price quote from the end of July. This coincides with the Allied Powers’ revival on all fronts since the summer, leading to the ultimate collapse of the German lines.

1961 ◽  
Vol 55 (1) ◽  
pp. 40-52 ◽  
Author(s):  
Samuel P. Huntington

“Conventional wisdom” (to purloin a phrase from Galbraith) holds that interservice competition necessarily undermines economy, efficiency, and effective central control in the military establishment. The remedy is further unification, possibly even the merger of the services into a single uniform. The conventional wisdom also holds that political action by military groups necessarily threatens civilian control. The remedy is to “keep the military out of politics.” The pattern of American military politics and interservice rivalry since World War II, however, suggests that the conventional wisdom may err in its analysis of their results and falter in its prescription of remedies.Service political controversy between the world wars had two distinguishing characteristics. First, on most issues, a military service, supported, perhaps, by a few satellite groups, struggled against civilian isolationists, pacifists, and economizers. The Navy and the shipbuilding industry fought a lonely battle with the dominant forces in both political parties over naval disarmament. The Army lost its fight for universal service after World War I, and throughout the Twenties clashed with educational, labor, and religious groups over ROTC and with other groups over industrial mobilization preparation. In the annual budget encounters the issue usually was clearly drawn between service supporters who stressed preparedness and their opponents who decried the necessity and the legitimacy of substantial military expenditures. To the extent that the services were in politics, they were involved in conflicts with civilian groups.


Author(s):  
Derek J. Penslar

This book is the first comprehensive and comparative look at Jewish involvement in the military and their attitudes toward war from the 1600s until the creation of the state of Israel in 1948. The book shows that although Jews have often been described as people who shun the army, in fact they have frequently been willing, even eager, to do military service, and only a minuscule minority have been pacifists. The book demonstrates that Israel's military ethos did not emerge from a vacuum and that long before the state's establishment, Jews had a vested interest in military affairs. Spanning Europe, North America, and the Middle East, the book discusses the myths and realities of Jewish draft dodging, how Jews reacted to facing their coreligionists in battle, the careers of Jewish officers and their reception in the Jewish community, the effects of World War I on Jewish veterans, and Jewish participation in the Spanish Civil War and World War II. The book culminates with a study of Israel's War of Independence as a Jewish world war, which drew on the military expertise and financial support of a mobilized, global Jewish community. The book considers how military service was a central issue in debates about Jewish emancipation and a primary indicator of the position of Jews in any given society. Deconstructing old stereotypes, the book radically transforms our understanding of Jews' historic relationship to war and military power.


Author(s):  
Iwona SZKUDLAREK ◽  

Purpose: The aim of this paper is to outline a history of the participation of Polish female soldiers in the World War I. Its outlines their commitment, struggle, and efforts made to contribute to Poland's military effort during the war. The article describes the legal situation of the military participation of women in Poland, and also deals with their role and place in society. Design/methodology/approach: The aim of the article was to organize, systematize and describe the knowledge about the role and participation of female soldiers of the Polish armed forces during the World War I. The above theoretical goal has been achieved by applying the methods of analysis, synthesis, deduction, induction and inference. Findings: In the course of the work were found results, which testify to historically underestimated contribution of women in war efforts. These, both in reinforcement and in other spheres of hostilities significantly contributed to the end of the war and its final result. Social implications: Publication of the article may contribute to increasing social awareness of the underestimated participation and involvement of female soldiers in military action during the war and of the social and cultural roles they fulfill. Originality/value: The article organizes and systematizes the knowledge about the military service of women in the described period. It is addressed both to people associated with all kinds of uniformed services, management and command, as well as people from the civilian environment


Cinema’s Military Industrial Complex examines how the American military has used cinema and related visual, sonic, and mobile technologies to further its varied aims. The essays in this book address the way cinema was put to work for purposes of training, orientation, record keeping, internal and external communication, propaganda, research and development, tactical analysis, surveillance, physical and mental health, recreation, and morale. The contributors examine the technologies and types of films that were produced and used in collaboration among the military, film industry, and technology manufacturers. The essays also explore the goals of the American state, which deployed the military and its unique modes of filmmaking, film exhibition, and film viewing to various ends. Together, the essays reveal the military’s deep investment in cinema, which began around World War I, expanded during World War II, continued during the Cold War (including wars in Korea and Vietnam), and still continues in the ongoing War on Terror.


2020 ◽  
pp. 204-227
Author(s):  
Milana Živanović ◽  

The paper deals with the actions undertaken by the Russian emigration aimed to commemorate the Russian soldiers who have been killed or died during the World War I in the Kingdom of Serbs, Croats and Slovenes / Kingdom of Yugoslavia. The focus is on the erection of the memorials dedicated to the Russian soldiers. During the World War I the Russian soldiers and war prisoners were buried on the military plots in the local cemeteries or on the locations of their death. However, over the years the conditions of their graves have declined. That fact along with the will to honorably mark the locations of their burial places have become a catalyst for the actions undertaken by the Russian émigré, which have begun to arrive in the Kingdom of Serbs, Croats and Slovenes (Kingdom of SCS) starting from the 1919. Almost at once after their arrival to the Kingdom of SCS, the Russian refugees conducted the actions aimed at improving the conditions of the graves were in and at erecting memorials. Russian architects designed the monuments. As a result, several monuments were erected in the country, including one in the capital.


2020 ◽  
Vol 2020 (10-4) ◽  
pp. 196-205
Author(s):  
Vadim Mikhailov ◽  
Konstantin Losev

The article is devoted to the issue of Church policy in relation to the Rusyn population of Austria-Hungary and the Russian Empire. In the second half of the 19th century, the policy of the Austro-Hungarian administration towards the Rusyn Uniate population of the Empire underwent changes. Russia’s victories in the wars of 1849 and 1877-1878 aroused the desire of the educated part of the Rusyns to return to the bosom of the Orthodox Church. Nevertheless, even during the World War I, when the Russian army captured part of the territories inhabited by Rusyns, the military and officials of the Russian Empire were too cautious about the issue of converting Uniates to Orthodoxy, which had obvious negative consequences both for the Rusyns, who were forced to choose a Ukrainophile orientation to protect their national and cultural identity, and for the future of Russia as the leader of the Slavic and Orthodox world.


Author(s):  
Jens Meierhenrich

This chapter provides the biographical and historical context necessary for understanding Fraenkel and his time. The analysis is organized into three sections: his early years, the Weimar Years, and the Nazi years. In the first section, I trace Fraenkel’s upbringing in a secular household influenced by the so-called Jewish Enlightenment, or Haskalah; explore the origins of his life-long predilection for social democracy; and recount the intellectual effects of his military service in World War I. In the second section, I reconstruct Fraenkel’s education and socialization as a young lawyer and interpret Fraenkel’s most important Weimar-era writings. I explicate the roles they played in preparing the ground for the writing of The Dual State. In the third section, finally, I commence my analysis of Fraenkel’s Nazi-era thought and conduct up until his escape to freedom in 1938.


2021 ◽  
Vol 84 (1) ◽  
pp. 78-95
Author(s):  
Dorothea McEwan

Abstract This article attempts to throw a light on Warburg’s little-known engagement in political caricature during World War I. Though deemed unfit for military service, Warburg was eager to contribute to the German war effort. Perceiving Allied war propaganda as anti-German lies, he recorded what he considered its half-truths and falsehoods in his Kriegskartothek, or war archive. But Warburg, as indicated by his involvement with the short-lived La Guerra del 1914: Rivista illustrata in the early stages of the war, kept looking for a more active role in influencing public opinion: From privately commenting on the output of the Allied press, he went on to offering his own ideas for political caricatures to leading artists like Olaf Gulbransson and Max Slevogt, and to well-established satirical journals such as Simplicissimus and Kladderadatsch.


2020 ◽  
Author(s):  
Laura A Talbot ◽  
E Jeffrey Metter ◽  
Heather King

ABSTRACT During World War I, the 1918 influenza pandemic struck the fatigued combat troops serving on the Western Front. Medical treatment options were limited; thus, skilled military nursing care was the primary therapy and the best indicator of patient outcomes. This article examines the military nursing’s role in the care of the soldiers during the 1918 flu pandemic and compares this to the 2019 coronavirus pandemic.


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