This unique volume offers a definitive new history of European economies at war from 1914 to 1918. It studies how European economies mobilised for war, how exis

Armies fight battles, states fight wars. To focus solely on armies is to neglect the broader story of victory and defeat. Military power stems from an economic

“Captivating . . . [Lowenstein] makes what subsequently occurred at Treasury and on Wall Street during the early 1860s seem as enthralling as what transpired