Markets work in war: World War II reflected in the Zurich and Stockholm bond markets

2004 ◽  
Vol 11 (1) ◽  
pp. 51-67 ◽  
Author(s):  
BRUNO S. FREY ◽  
DANIEL WALDENSTRÖM
Keyword(s):  
World War Ii ◽  
Sovereign Debt ◽  
Large Scale ◽  
Historical Analysis ◽  
Stock Exchanges ◽  
Bond Markets ◽  
Quantitative Methodology ◽  
World War ◽  
Political Events ◽  
Systematic Biases

This article examines how trading on two geographically separate financial markets reflected political events before and during World War II. Specifically, we compare sovereign debt prices on the Zurich and Stockholm stock exchanges and find considerable (but not complete) symmetry in the price responses across the two markets in relation to turning points in the war, which suggests that markets worked efficiently. The use of a quantitative methodology on historical financial market data represents a useful complement to traditional historical analysis, offering large-scale evidence of individuals acting in their own pecuniary interest without producing any lasting systematic biases.

scholarly journals A history of the city written in a map – cartography as the mirror of socio-political events in Gdańsk in the years of 1918–1939

2019 ◽  
Vol 1 ◽  
pp. 1-1
Author(s):  
Agnieszka Bień
Keyword(s):  
World War Ii ◽  
Interwar Period ◽  
The Other ◽  
World War ◽  
Historical Events ◽  
Political Events ◽  
History Of ◽  
The City ◽  
Made In

<p><strong>Abstract.</strong> A cartographic map of Gdańsk in the years of 1918&amp;ndash;1939 was very different from the other maps of Polish cities. The reasons for some differences were, among others, the proximity of the sea, the multicultural mindset of the inhabitants of Gdańsk from that period, and some historical events in the interwar period (the founding of the Free City of Gdańsk and the events preceding World War II). Its uniqueness came from the fact that the city of Gdańsk combined the styles of Prussian and Polish housing, as well as form the fact that its inhabitants felt the need for autonomy from the Second Polish Republic. The city aspired to be politically, socially and economically independent.</p><p>The aim of my presentation is to analyze the cartographic maps of Gdańsk, including the changes that had been made in the years of 1918&amp;ndash;1939. I will also comment on the reasons of those changes, on their socio-historical effects on the city, the whole country and Europe.</p>

scholarly journals Field Experiments in Class Size from the Early Twentieth Century

2009 ◽  
Vol 23 (4) ◽  
pp. 211-230 ◽  
Author(s):  
Jonah Rockoff
Keyword(s):  
World War Ii ◽  
Public Schools ◽  
Class Size ◽  
Large Scale ◽  
Field Experiments ◽  
Research Literature ◽  
The Other ◽  
World War ◽  
Mixed Messages

A vast majority of adults believe that class size reductions are a good way to improve the quality of public schools. Reviews of the research literature, on the other hand, have provided mixed messages on the degree to which class size matters for student achievement. Here I will discuss a substantial, but overlooked, body of experimental work on class size that developed prior to World War II. These field experiments did not have the benefit of modern econometrics, and only a few were done on a reasonably large scale. However, they often used careful empirical designs, and the collective magnitude of this body of work is considerable. Moreover, this research produced little evidence to suggest that students learn more in smaller classes, which stands in contrast to some, though not all, of the most recent work by economists. In this essay, I provide an overview of the scope and breadth of the field experiments in class size conducted prior to World War II, the motivations behind them, and how their experimental designs were crafted to deal with perceived sources of bias. I discuss how one might interpret the findings of these early experimental results alongside more recent research.

Physician uncertainty, specialty ideology, and a second opinion prior to tonsillectomy

PEDIATRICS ◽  
1977 ◽  
Vol 59 (6) ◽  
pp. 952-952
Author(s):  
John E. Wennberg
Keyword(s):  
World War Ii ◽  
Large Scale ◽  
Second Opinion ◽  
Journal Articles ◽  
World War ◽  
Physician Uncertainty

For half a century, the tonsil has been the target of a large-scale, uncontrolled surgical experiment-tonsillectomy. In the fourth and fifth decades of this century, well over 50% of children appear to have undergone the procedure; since World War II, opinion has swung away from mass use and by 1973 about 25% of children appear to have been affected. Pediatricians have been the weathermen in the change of clinical climate, pressing for reduction in use of tonsillectomy in their journal articles. Among a sample of California physicians, the offspring of pediatricians underwent fewer tonsillectomies than the children of other types of physicians.

Stranded Modernity

2022 ◽  
Author(s):  
Daishiro Nomiya
Keyword(s):  
Twentieth Century ◽  
World War Ii ◽  
Large Scale ◽  
Developmental Pattern ◽  
World War ◽  
Historical Process ◽  
Post World War Ii ◽  
Early Twentieth Century ◽  
Nation States

High modernity claims that the modernity project gave rise to institutional organs of modern nation states, culminating in an emergence of ultra-military states with wartime economy in the early twentieth century. It also argues that the same developmental pattern continued to dominate in the post-World War II period. This chapter examines this high-modernity thesis, employing Japan and Hiroshima as cases to be analyzed. Against the high-modernity thesis, many believe that Japan had a historical disjuncture in 1945, being ultramilitary before the end of World War II and a peaceful nation after. Examinations show that, while the modernity project controlled a large-scale historical process in Japan, it met vehement resistance, and became stranded in Hiroshima.

scholarly journals A brief history of wood use and forest management in Alaska

1996 ◽  
Vol 72 (1) ◽  
pp. 47-50 ◽  
Author(s):  
Tricia L. Wurtz ◽  
Anthony F. Gasbarro
Keyword(s):  
World War Ii ◽  
Alaska Native ◽  
Large Scale ◽  
National Interest ◽  
National Forests ◽  
Forest Land ◽  
World War ◽  
History Of ◽  
Gold Miners ◽  
Commercial Forest

The Native peoples of Alaska used wood for fuel, for the construction of shelters, and for a variety of implements. Explorers, fur traders, gold miners, and settlers also relied on Alaska's forest resource. The early 20th century saw the creation of the Tongass and Chugach National Forests in coastal Alaska, where large-scale harvesting began shortly after World War II. By 1955, two 50-year contracts had been signed, committing 13 billion board feet of sawlogs and pulpwood. The commercial forest land base in Alaska has been dramatically reduced by a variety of legislative acts, including the Statehood Act of 1959 and the Alaska National Interest Lands Conservation Act of 1980. Key words: forest history, Alaska, aboriginal use of forests, fuelwood, stemwheeled riverboats, gold mining, land classification, National Forests, Alaska Native Claims Settlement Act, Alaska National Interest Lands Conservation Act

Anthropometric Resources vs. Civilian Needs

1978 ◽  
Vol 22 (1) ◽  
pp. 600-600
Author(s):  
John T. McConville
Keyword(s):  
World War Ii ◽  
Body Size ◽  
Law Enforcement ◽  
Large Scale ◽  
Law Enforcement Officers ◽  
World War ◽  
Occupational Groups ◽  
Military Populations ◽  
Wide Assortment ◽  
Size Data

For several decades after World War II, the only comprehensive source of body size data was that of large-scale anthropometric surveys of military personnel. While the range of most dimensions measured on military populations, both male and female, are comparable to those found in the overall U.S. population, self-selection or body size criteria dictated by particular jobs often result in considerable physical variability among occupational groups, a phenomenon which has been amply borne out by surveys of such diverse populations as law enforcement officers and airline stewardess trainees. It has become clear in the civilian sector that “all-purpose” body size data are often misleading and inadequate and that designers of clothing, equipment and workspaces are increasingly faced with the need for a wide assortment of differentiated data to meet many specialized needs. Resources will be explored and solutions suggested.

scholarly journals A Historical Analysis of Japanese Road Improvement in Relation to Economic Development since World War II

1995 ◽  
Vol 15 ◽  
pp. 71-86
Author(s):  
Yoshitsugu HAYASHI ◽  
Takaaki OKUDA ◽  
Hirokazu KATO ◽  
Yasuharu TOMATSU
Keyword(s):  
Economic Development ◽  
World War Ii ◽  
Historical Analysis ◽  
World War

scholarly journals Extraordinary curtailment of massive typhus epidemic in the Warsaw Ghetto

2020 ◽  
Vol 6 (30) ◽  
pp. eabc0927
Author(s):  
Lewi Stone ◽  
Daihai He ◽  
Stephan Lehnstaedt ◽  
Yael Artzy-Randrup
Keyword(s):  
Mathematical Modeling ◽  
World War Ii ◽  
Large Scale ◽  
Epidemic Outbreak ◽  
World War ◽  
Food Ration ◽  
Warsaw Ghetto ◽  
War And Society ◽  
The Holocaust ◽  
Deadly Disease

The highly dependent interplay of disease, famine, war, and society is examined based on an extreme period during World War II. Using mathematical modeling, we reassess events during the Holocaust that led to the liquidation of the Warsaw Ghetto (1941–1942), with the eventual goal of deliberately killing ~450,000, mostly Jewish residents, many through widespread starvation and a large-scale typhus epidemic. The Nazis justified genocide supposedly to control the spread of disease. This exemplifies humanity’s ability to turn upon itself, based on racially guided epidemiological principles, merely because of the appearance of a bacterium. Deadly disease and starvation dynamics are explored using modeling and the maths of food ration cards. Strangely, the epidemic was curtailed and was brought to a sudden halt before winter, when typhus normally accelerates. A far more massive epidemic outbreak was prevented through the antiepidemic efforts by the often considered incompetent and corrupt ghetto leadership and the Herculean efforts of ghetto doctors.

BCLM: Forging Ahead: building a new urban history of the Black Country

Urban History ◽  
2020 ◽  
pp. 1-17
Author(s):  
Simon Briercliffe
Keyword(s):  
World War Ii ◽  
Public History ◽  
Large Scale ◽  
Historical Research ◽  
World War ◽  
Public Project ◽  
The Past ◽  
History Of ◽  
Historical Moment ◽  
Country Town

Abstract The recreation of urban historical space in museums is inevitably a complex, large-scale endeavour bridging the worlds of academic and public history. BCLM: Forging Ahead at the Black Country Living Museum is a £23m project recreating a typical Black Country town post-World War II. This article uses case-studies of three buildings – a Civic Restaurant, a record shop and a pub – to argue that urban-historical research methodology and community engagement can both create a vivid sense of the past, and challenge pervasive prejudices. It also argues that such a collaborative and public project reveals much about the urban and regional nature of industrial areas like the Black Country in this pivotal historical moment.

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