Ludwig Wilhelm Erhard was a German politician and economist affiliated with the Christian Democratic Union (CDU), and chancellor of West Germany from 1963 until 1966. He is known for leading the West German postwar economic reforms and economic recovery in his role as Minister of Economic Affairs under Chancellor Konrad Adenauer from 1949 to 1963. During that period he promoted the concept of the social market economy, on which Germany's economic policy in the 21st century continues to be based.
Rationing is the controlled distribution of scarce resources, goods, services, or an artificial restriction of demand. Rationing controls the size of the ration, which is one's allowed portion of the resources being distributed on a particular day or at a particular time. There are many forms of rationing, although rationing by price is most prevalent.
The history of the United States from 1917 to 1945 was marked by World War I, the interwar period, the Great Depression, and World War II.
Mobilization is the act of assembling and readying military troops and supplies for war. The word mobilization was first used in a military context in the 1850s to describe the preparation of the Prussian Army. Mobilization theories and tactics have continuously changed since then. The opposite of mobilization is demobilization.
During World War I and World War II, Switzerland maintained armed neutrality, and was not invaded by its neighbors, in part because of its topography, much of which is mountainous. Germany was a threat, and Switzerland built a powerful defense. It served as a "protecting power" for the belligerents of both sides, with a special role in helping prisoners of war. The belligerent states made it the scene for diplomacy, espionage, and commerce, as well as being a safe haven for 300,000 refugees.
Price controls are restrictions set in place and enforced by governments, on the prices that can be charged for goods and services in a market. The intent behind implementing such controls can stem from the desire to maintain affordability of goods even during shortages, and to slow inflation, or, alternatively, to ensure a minimum income for providers of certain goods or to try to achieve a living wage. There are two primary forms of price control: a price ceiling, the maximum price that can be charged; and a price floor, the minimum price that can be charged. A well-known example of a price ceiling is rent control, which limits the increases that a landlord is permitted by government to charge for rent. A widely used price floor is minimum wage. Historically, price controls have often been imposed as part of a larger incomes policy package also employing wage controls and other regulatory elements.
Military production during World War II was the production or mobilization of arms, ammunition, personnel and financing by the belligerents of the war, from the occupation of Austria in early 1938 to the surrender and occupation of Japan in late 1945.
In politics and military planning, a war effort is a coordinated mobilization of society's resources—both industrial and human—towards the support of a military force. Depending on the militarization of the culture, the relative size of the armed forces and the society supporting them, the style of government, and the famous support for the military objectives, such war effort can range from a small industry to complete command of society.
The term "home front" covers the activities of the civilians in a nation at war. World War II was a total war; homeland military production became vital to both the Allied and Axis powers. Life on the home front during World War II was a significant part of the war effort for all participants and had a major impact on the outcome of the war. Governments became involved with new issues such as rationing, manpower allocation, home defense, evacuation in the face of air raids, and response to occupation by an enemy power. The morale and psychology of the people responded to leadership and propaganda. Typically women were mobilized to an unprecedented degree.
War finance is a branch of defense economics. The power of a military depends on its economic base and without this financial support, soldiers will not be paid, weapons and equipment cannot be manufactured and food cannot be bought. Hence, victory in war involves not only success on the battlefield but also the economic power and economic stability of a state. War finance covers a wide variety of financial measures including fiscal and monetary initiatives used in order to fund the costly expenditure of a war.
Historians and other scholars disagree on the question of whether a specifically fascist type of economic policy can be said to exist. David Baker argues that there is an identifiable economic system in fascism that is distinct from those advocated by other ideologies, comprising essential characteristics that fascist nations shared. Payne, Paxton, Sternhell et al. argue that while fascist economies share some similarities, there is no distinctive form of fascist economic organization. Gerald Feldman and Timothy Mason argue that fascism is distinguished by an absence of coherent economic ideology and an absence of serious economic thinking. They state that the decisions taken by fascist leaders cannot be explained within a logical economic framework.
Economic warfare or economic war is an economic strategy used by belligerent states with the goal of weakening the economy of other states. This is primarily achieved by the use of economic blockades. Ravaging the crops of the enemy is a classic method, used for thousands of years.
The United States home front during World War II supported the war effort in many ways, including a wide range of volunteer efforts and submitting to government-managed rationing and price controls. There was a general feeling of agreement that the sacrifices were for the national good during the war.
The State General Mobilization Law, also known as the National Mobilization Law, was legislated in the Diet of Japan by Prime Minister Fumimaro Konoe on 24 March 1938 to put the national economy of the Empire of Japan on war-time footing after the start of the Second Sino-Japanese War.
Like many other nations at the time, Germany suffered the economic effects of the Great Depression, with unemployment soaring after the Wall Street Crash of 1929. When Adolf Hitler became Chancellor of Germany in 1933, he introduced policies aimed at improving the economy. The changes included privatization of state owned industries, import tariffs, and an attempt to achieve autarky. Weekly earnings increased by 19% in real terms from 1933 to 1939, but this was largely due to employees working longer hours, while the hourly wage rates remained close to the lowest levels reached during the Great Depression. In addition, reduced foreign trade meant rationing of consumer goods like poultry, fruit, and clothing for many Germans.
A resource war is a type of war caused by conflict over resources. In a resource war, there is typically a nation or group that controls the resource and an aggressor that wishes to seize control over said resource. This power dynamic between nations has been a significant underlying factor in conflicts since the late 19th century. Following the rise of industrialization, the amount of raw materials an industrialized nation uses to sustain its activities is heightened.
The Great Depression (1929–1939) was a severe global economic downturn that affected many countries across the world. It became evident after a sharp decline in stock prices in the United States, the largest economy in the world at the time, leading to a period of economic depression. The economic contagion began around September 1929 and led to the Wall Street stock market crash of October. This crisis marked the start of a prolonged period of economic hardship characterized by high unemployment rates and widespread business failures.
The home front during World War I covers the domestic, economic, social and political histories of countries involved in that conflict. It covers the mobilization of armed forces and war supplies, lives of others, but does not include the military history. For nonmilitary interactions among the major players see diplomatic history of World War I.
The economic history of World War I covers the methods used by the First World War (1914–1918), as well as related postwar issues such as war debts and reparations. It also covers the economic mobilization of labour, industry, and agriculture leading to economic failure. It deals with economic warfare such as the blockade of Germany, and with some issues closely related to the economy, such as military issues of transportation. For a broader perspective see home front during World War I.
The United Kingdom home front during World War II covers the political, social and economic history during 1939–1945.
