Die Eingliederung der vertriebenen Elsass-Lothringer in das deutsche Wirtschaftsleben im Augenblick seines Tiefstandes

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Monograph

Identifikator:: 101398451X

URN:: urn:nbn:de:zbw-retromon-24500

Document type:: Monograph

Author:: Ernst, Robert http://d-nb.info/gnd/105520864X

Title:: Die Eingliederung der vertriebenen Elsass-Lothringer in das deutsche Wirtschaftsleben im Augenblick seines Tiefstandes

Place of publication:: Berlin

Publisher:: Vereinigung Wissenschaftlicher Verleger, Walter de Gruyter & CO., vormals G.J. Göschen'sche Verlagshandlung, J. Guttentag, Verlagsbuchhandlung, Georg Reimer, Karl J. Trübner, Veit & Comp.

Year of publication:: 1921

Scope:: 1 Online-Ressource (VIII, 189 Seiten)

Digitisation:: 2018

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: III. Hauptteil. Der Wanderungsverlauf und die im Zusammenhang damit getroffenen Massnahmen

Collection:: Economics Books

18 THE EARLY YEARS AND THE the final disaster became inevitable, as the community became less and less able to face overseas liabilities. Imports and Exports of New South Wales (Including Port Phillip) IMPORTS T i Total. | Per head. I TasLE I Percentage of Exports to Imports. Year. 1833 1834 1835 1836 1837 1838 1839 1840 1841 1842 1843 (£1,000°s) 713-9 991-9 | 1114-8 1237-4 1297-5 1579-3 2236-4 3014-2 2527-9 1455-1 1650-5 £ 11-7 15-0 | 15-1 16-056 15-2 16:13 19-55 23-3 16:6 91 0-38 (£1,000°8) 394.8 587-6 682-2 748-6 760-0 802-7 948-7 1399-7 1023-4 1067-4 1172-3 £ 6-5 8-88 9-55 97 8:9 8:2 8:3 8 5-8 6-7 Te. 66 59 61 60 59 51 “9 46 40 73 75 A careful scrutiny of the figures in this table will provide the key for both the crisis of 1843 and the minor crisis of 1836. The amazing excess of imports continued year after year for such a time could, of course, only be due to the private importa- tion of capital, i.e. borrowing in the broad sense, although the capital was forced on the colony by the eagerness of British investors. It will be noticed how closely all the features of this early period of private borrowing correspond with those later periods of great public loans. Anything like an accurate estimate of the effects of this relatively great influx of capital upon the position of the banks, and, in particular, upon the movement of gold, becomes a matter of the utmost difficulty on account of the paucity and of the unreliable character of the statistics of the day. Still less possible is it to trace the effects upon prices and wages, the two chief indexes of prosperity. An approximate estimate of the extent to which credit had been inflated is, however, to be obtained by a comparison of the figures for bank and treasury reserves and population. This shows very clearly the progressive diminution of reserves that took place because of the speculative tendencies and buoyant confidence of the ,period. In this

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