Balkan Economic History, 1550-1950: From Imperial by John R. Lampe
By John R. Lampe
Western financial historians have often targeting the good fortune tales of significant constructed economies, whereas improvement economists have given such a lot in their attnetion to the issues of the 3rd international. The authors of this pioneering paintings examine part of Europe overlooked through either ways. Modernizing styles in Balkan fiscal historical past are traced from the 16th century (when the territory was once shared through Ottoman and Habsburg empires), throughout the 19th century (when they emerged as self reliant states), to the top of worldwide struggle II and its aftermath. regardless of current changes in fiscal systems—Greece's deepest marketplace economic climate, Yugoslavia's deliberate marketplace financial system, and the centrally deliberate economies of Romania, Bulgaria, and Albania—the authors locate that shared origins and customary next reviews are plentiful justifications for treating the realm as an monetary unit. Balkan monetary background, 1550-1950 may be a massive case learn for improvement economists and may supply historians with the 1st analytical and statistical examine to survey the whole zone from the beginning of the early sleek interval.
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Had the shortest workweek in the world. ”7 “A Race of Machine Tenders” All evidence seemed to suggest that the great minds, from Marx to Mill to Keynes to Ford, would be proven right. S. Senate approved legislation introducing a 30-hour workweek. Although the bill languished in the House of Representatives under industry pressure, a shorter workweek remained the labor unions’ top priority. In 1938, legislation protecting the five-day workweek was finally passed. The following year, the folk song “Big Rock Candy Mountain” climbed to the top of the charts, describing a utopia in which “hens lay soft boiled eggs,” cigarettes grow on trees, and “the jerk that invented work” is strung up from the tallest tree.
The worldwide vaccination rate for measles, for example, has jumped from 16% in 1980 to 85% today, while the number of deaths has been cut by more than three-quarters between 2000 and 2014. Since 1990, the TB mortality rate has dropped by nearly half. Since 2000, the number of people dying from malaria has been reduced by a quarter, and so has the number of AIDS deaths since 2005. Some figures seem almost too good to be true. For example, 50 years ago, one in five children died before reaching their fifth birthday.
Moreover, his employees became noticeably more productive. “This isn’t just a theory with us,” Kellogg proudly told a local newspaper. 31 But for the residents of Battle Creek, it was much more than that. ”32 Parents had time to spare for their children. They had more time to read, garden, and play sports. 33 Nearly half a century later, British Prime Minister Edward Heath also discovered the benefits of cornflake capitalism, albeit inadvertently. It was late 1973 and he was at his wit’s end. Inflation was reaching record highs and government expenditures were skyrocketing, and labor unions were dead set against compromise of any kind.