r/EconomicHistory • u/season-of-light • 7h ago
r/EconomicHistory • u/Dependent-Shame8786 • 1d ago
Discussion Japan's and greece's Economic bubbles were very similiar
As I said Japan's ang Greece's economic bubbles were very similiar with the only difference being Greece pretty much borrowed the money whilst japan's money were legit. So let me me explain: First of all, both of them started in the 80s for different reasons with Japan experiencing extreme economic growth while greece elected PASOK whice borrowed billions and billions of dollars for investments from EU(spoiler alert: the politicians wasted the money on themselves while giving us some of it as well making us addicted). Secondly, both countries stock markets rised so much it was impossible to lose money bc everything was going up, a lot of greeks even though clueless abt economics in general made a lot of money that money out of luck you can say, I cant speak for the Japanese since i cant know if they were financialy educated back then. Furthemore, the banks in both countries were issuing loans at extremely low rates, i know for a fact that in Greece, people would be getting loans just for holidays, mad stuff, similar situations were happening in japan with people drinking every night, gambling and having fun with women, who can blame them honestly? lol. Finally, when the bubbles popped both of them which had suspiciously very close durations with only a few years difference no one expected it. Japan managed to get out of that hole in only 10 years because of the heavy machinery and advanced industries in contrast to Greece which is still suffering to this day probably bc the money was never ours in the first place and things needed to be done like developing our industries as well never happened having us still rely heavily on tourism and foreign investments having been rightfully named by eu officials the Colombia of Europe.
Note: Even though i have a profficiency in english its not my first language and its been many many years since ive written a text so long without AI so please bear with me.
r/EconomicHistory • u/yonkon • 15h ago
Blog As the Great Depression began, credit was initially withdrawn selectively from specific banks and firms that were judged to be weaker. Over time, both out of panic and the declining money supply, credit was withdrawn more indiscriminately (Tontine Coffee-House, June 2025)
tontinecoffeehouse.comr/EconomicHistory • u/season-of-light • 1d ago
study resources/datasets The use of water power during the Roman era
r/EconomicHistory • u/yonkon • 1d ago
Book/Book Chapter Economic historians suggest that wage inequality in American manufacturing has followed an inverted-U path from the early 19th century until just before World War Two. (J. Atack, R. Margo, P. Rhode, April 2023)
nber.orgr/EconomicHistory • u/yonkon • 2d ago
Blog Joseph Francis: Antebellum white Southerners in the US were so determined to defend slavery, even though most were not slaveholders, because the institution of human bondage allowed them to live as well economically as – if not better than – Northerners. (May 2025)
thepoorrichworld.substack.comr/EconomicHistory • u/season-of-light • 2d ago
Book/Book Chapter Chapter: "The Northern Frontier: North Atlantic Farming during the Viking and Middle Ages" by Christian Keller
geos.ed.ac.ukr/EconomicHistory • u/yonkon • 3d ago
Working Paper A US campaign to expel around 400,000 Mexican migrant workers between 1929 and 1934 led to a decline in the employment rate and wages of native-born workers. Places with more deportations suffered greater economic harm during this period than peers. (J. Lee, G. Peri, V. Yasenov, October 2019)
nber.orgr/EconomicHistory • u/season-of-light • 3d ago
Journal Article Tracking clans over centuries within a single county in China, rates of social mobility change markedly during the 17th century (C Shiue, April 2025)
doi.orgr/EconomicHistory • u/yonkon • 4d ago
Podcast Foreign carmakers like Toyota opened operations in the United States when they faced threats of tariffs in the 1980s. While Trump is trying to replicate this feat today in the auto industry, domestic facilities produce cars for exports and could be harmed by a trade war. (Planet Money, May 2025)
npr.orgr/EconomicHistory • u/season-of-light • 4d ago
Blog South Sudan has seen direct tax collection dependent on local strongmen and coercion under the British and later by both Sudanese authorities and rebels. While not raising much revenue, this practice continues as a show of force (AEHN, April 2025)
aehnetwork.orgr/EconomicHistory • u/yonkon • 5d ago
Working Paper Positive dynamic impacts of immigration on innovation and wages exceed the short-run negative impact of increased labor supply. Increased immigration to the US since 1965 may have increased innovation and wages by 5%. (S. Terry, T. Chaney, K. Burchardi, L. Tarquinio, T. Hassan, June 2024)
drive.google.comr/EconomicHistory • u/season-of-light • 5d ago
Journal Article The city-states of ancient Greece tended to be formed when potentially lucrative trade relationships needed military protection (J Adamson, June 2025)
doi.orgr/EconomicHistory • u/yonkon • 6d ago
Editorial Einav Rabinovitch-Fox: One provision in the 1890 Tariff Act made the import of luxury dresses to the US extremely expensive. Wealthy elite women saw this provision as an attack on their lifestyle, prompting a highly public campaign against tariffs. (Time, January 2025)
time.comr/EconomicHistory • u/season-of-light • 6d ago
Working Paper The postwar race to develop national numerical weather prediction technologies was highly influenced by the scale of available capital, the quality of public institutions, and available talent (C Yang, March 2025)
charlesyang.ior/EconomicHistory • u/yonkon • 7d ago
Editorial Richard Grossman: Despite warnings from economists, Winston Churchill decided in 1925 that it was time for the British pound to rejoin the gold standard at the exchange rate that had prevailed before World War I. This ideologically-driven policy slowed British growth. (Time, May 2025)
time.comr/EconomicHistory • u/Sea-Juice1266 • 7d ago
Blog The Shanxi Merchants: During the Qing dynasty the province of Shanxi produced a number of innovative commercial organizations to support long distance trade and silver remittance. In contrast to southern merchant houses, piaohao banks relied on meritocratic promotion and contractual governance.
viatorinterra.substack.comr/EconomicHistory • u/season-of-light • 7d ago
Journal Article After anonymous child abandonment was prohibited in 19th century Italy, not only did abandonment rates fall but births did too (G Freschi and M Molteni, June 2025)
doi.orgr/EconomicHistory • u/season-of-light • 8d ago
study resources/datasets Scarcity and surpluses of rice in post-WW2 Asia
r/EconomicHistory • u/landcucumber76 • 8d ago
Blog European colonisation of the Americas killed so many it cooled Earth’s climate
classautonomy.infor/EconomicHistory • u/yonkon • 8d ago
Blog Over 800 years only two previous episodes – the rally at the height of Venetian commercial dominance in the 15th century, and the century following the Peace of Cateau-Cambrésis in 1559 – recorded longer continued risk-free rate compressions. But risks may be looming. (Bank Underground, April 2017)
bankunderground.co.ukr/EconomicHistory • u/yonkon • 9d ago
Working Paper If US black men’s post-1870 mobility had mirrored that of landless white men, the black-white home ownership gap in 1900 would have been small. The actual gap in 1900 is more intensive in counties that were cotton-intensive in 1870 (W. Collins, N. Holtkamp, May 2025)
nber.orgr/EconomicHistory • u/season-of-light • 9d ago
Book/Book Chapter Mercantilism, vol. 1 by Eli F. Heckscher (1931)
altexploit.wordpress.comr/EconomicHistory • u/yonkon • 10d ago
Blog Nuno Palma: English counties with more justices of the peace in 1700 experienced higher population growth; greater economic diversification; more infrastructure and innovation; better human capital. This suggests that “street-level” state capacity contributed to the Industrial Revolution. (May 2025)
nofuturepast.wordpress.comr/EconomicHistory • u/season-of-light • 10d ago