Warfare and Financial History (Video)
by N.Morgan Warfare, with its appalling humanitarian consequences and vast economic costs, has stimulated financial innovations from the spread of coinage to the creation of the national debt. Conversely, economic weakness and the inability to properly utilize financial resources have been causes of military defeats. The relationship between economics and warfare is one of the themes treated in some detail in a 700-page book on the history of money . For the historical context of the conflicts listed below see also the annotated chronology which includes references to the page numbers of the book. The source of the information is: Davies, Glyn. A history of money from ancient times to the present day, 3rd ed. Cardiff: University of Wales Press, 2002. 720 pages. Paperback: ISBN 0 7083 1717 0. Hardback: ISBN 0 7083 1773 1. During the Second World War Glyn Davies served in the British 8th Army in North Africa, Sicily and Italy, a...