By Philip Souza
Inspiring generations of poets, novelists, scriptwriters and students, the increase and fall of the nice Empires of the Classical international is a charming tale of ardour and conquest. The leaders, battles and army applied sciences that ruled the wars among Greece and Persia, and Alexander's conquests are all tested intimately during this ebook, and their historic value is mentioned. The appendix specializes in the fashionable remedy of old Greece in movie, together with behind-the-scenes insights into the filming of conflict scenes for Oliver Stone's epic motion picture, Alexander. This quantity combines fabric formerly released as crucial Histories 36, 27 and 26, with a brand new foreword through well known historian and writer Victor Davis Hanson, and new fabric at the Wars of the Successors.
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Additional resources for The Greeks at War : From Athens to Alexander (Essential Histories Specials 05)
To relieve the present exigency,” he noted, “is always the object I 38 One Nation Under Debt which principally interests [no puns intended, I’m sure] those immediately concerned in the administration of public affairs. ” Even the institutional mechanism those politicians employed to pay down the debt, the so-called sinking fund, was nothing more, in Smith’s view, than a contrivance, a fund to be raided upon the slightest excuse, a fact that was not lost on other Britons. 46 Would that was all!
Not everyone was disappointed, though, as some had come to see in the debt virtue instead of vice. ”14 With success in war also came success in business, many debt proponents asserted. ” Moreover, signiﬁcant holdings of British bonds by foreigners, particularly Dutch investors, meant that the debt was a way of attracting capital for use of the hungry British economy. Someone had to serve as a safe depository for Europe’s excess funds, and better Britain than her enemies. 15 Moreover, as in the Netherlands, markets for trading the national debt facilitated the development of markets for private securities, including stocks and bonds of a wide variety of ﬁnancial institutions and other types of businesses.
Without it, one proponent pointed out, during major wars “the whole Wealth of the Nation … would have pump’d out … at a few Strokes … . 19 Although sometimes affected by the machinations of speculators, the price of the government’s bonds for the most part served as a barometer for measuring the public’s views of its policies. ” And, according to an anonymous ﬁnancier (probably broker Thomas Mortimer), that pulse was strong in 1768. ” If the British national debt was a problem, that same ﬁnancier pointed out, that fact would be reﬂected in the price and quantity of government bonds.
The Greeks at War : From Athens to Alexander (Essential Histories Specials 05) by Philip Souza