The New York Stock Exchange in the Crisis of 1914 (WWI Centenary Series)

The First World War was a global war centred in Europe that began on 28 July 1914 and lasted until 11 November 1918. More than nine million combatants were killed, a casualty rate exacerbated by the belligerents’ technological and industrial sophistication – and tactical stalemate. It was one of the deadliest conflicts in history, paving the way for major political changes, including revolutions in many of the nations involved. The war drew in all the world’s great economic powers, which were assembled in two opposing alliances: the Allies (based on the Triple Entente of the United Kingdom, France and the Russian Empire) and the Central Powers of Germany and Austria-Hungary. These alliances were both reorganised and expanded as more nations entered the war: Italy, Japan and the United States joined the Allies, and the Ottoman Empire and Bulgaria joined the Central Powers. Ultimately, more than 70 million military personnel were mobilised.The war was triggered by the assassination of Archduke Franz Ferdinand of Austria, heir to the throne of Austria-Hungary, by a Yugoslav nationalist, Gavrilo Princip in Sarajevo, June 28th 1914. This set off a diplomatic crisis when Austria-Hungary delivered an ultimatum to Serbia, and international alliances were invoked. Within weeks, the major powers were at war and the conflict soon spread around the world. By the end of the war, four major imperial powers; the German, Russian, Austro-Hungarian and Ottoman empires—ceased to exist. The map of Europe was redrawn, with several independent nations restored or created. On peace, the League of Nations formed with the aim of preventing any repetition of such an appalling conflict, encouraging cooperation and communication between the newly autonomous nation states. This laudatory pursuit failed spectacularly with the advent of the Second World War however, with new European nationalism and the rise of fascism paving the way for the next global crisis ... This early work by Henry George Noble was originally published in 1915 and we are now republishing it as part of our WWI Centenary Series. 'The New York Stock Exchange in the Crisis of 1914' is as essay on the economic effects of the onset of World War One. The work details the period of suspension of the stock exchange and its reopening and elucidates the lessons to be learned from the crisis. This book is part of the World War One Centenary series; creating, collating and reprinting new and old works of poetry, fiction, autobiography and analysis. The series forms a commemorative tribute to mark the passing of one of the world's bloodiest wars, offering new perspectives on this tragic yet fascinating period of human history. Each publication also includes brand new introductory essays and a timeline to help the reader place the work in its historical context.