how much did ww2 cost britain

In the middle between the most expensive and least expensive aircraft produced between 1939-1941 is the "Boeing B-17", priced at $301,221, costing about $4,677,477 in today's money. What does "up to" mean in "is first up to launch"? You deserve better. Adjusted for inflation, that would amount to around 40bn today, and if adjusted by the growth of British GDP, to about 225 billion. Did the Golden Gate Bridge 'flatten' under the weight of 300,000 people in 1987? The Nazi overlords of occupied Europe drained their conquered territories of resources to feed the German war machine. [6], At the beginning of the 20th century the national debt stood at around 30 percent of GDP. When comparing military equipment, little attention is paid to cost, at least in the popular resources (obviously, military establishments pay close attention to how much they are paying!). So, to answer the question "what were the costs of various military tools? This MG-34 is a recoil-operated machine gun that is air-cooled and German. The prime minister was forced to apply to the International Monetary Fund for a 2.3 billion rescue package; the largest-ever call on IMF resources up to that point. In the 1930s, before the outbreak of the Second World War, the population of the United Kingdom was somewhere between 46 million and 52 million. Orders worth 11 billion were won in 2019, which the government said . About 4,200,000 Germans died, and about 1,972,000 Japanese died. Liverpool was the most heavily bombed British city outside London. The U.S.A. spent the most on the war, just over 340 billion dollars. (Notes prepared by my father for the information of relatives in Australia. Poland, for its part, had guarantees of French and British military support should it be attacked by Germany. It is asking for the actual production costs of various WW2 fighter aircrafts. Rather, two of the major factors in the high death toll during the war was Famine and Flooding, of which there were in fact several, and which absolutely eviscerated the civilian population during the conflict. Specifically, the consensus seems to be that they were evenly matched in battle most of the time. Germanys war debt was written off decades ago. The UK will have to pay an estimated 39 billion to the EU (not specifically Germany), as part of the proposed withdrawal agreement. What were the turning points of World War II? The Government deferred six instalments - in 1956, 1957, 1964, 1965, 1968 and 1976 . But they also ended the war devastated: Malta holds the record for the heaviest, sustained bombing attack: some 154 days and nights and 6,700 tons of bombs. In Britain, bacon was among the first products to be rationed, beginning in January 1940 (via Spartacus Educational ). From then on, the British government would never fail to repay its creditors. There is a wide consensus that Bf-109 was more cost effective than Spitfire, but on the other hand Spitfire was what Britain had, plus they had more resources available than Germany and frankly less enemies :) Especially after Barbarossa. . What positional accuracy (ie, arc seconds) is necessary to view Saturn, Uranus, beyond? For the purpose that it ended up being used for - ground attack - it was far better than the BF109, due to its ability to absorb ground fire, and its heavy armament and bomb load. For the purposes of that scheme, weve rated this claim as mixture Statistical accounting broke down in both Allied and Axis nations when whole armies were surrendered or dispersed. He was still determined, however, to ignore the diplomatic efforts of the western powers to restrain him. I think you should take into account some elements that you have already found, to answer. During World War II the government was again forced to borrow heavily in order to finance war with the Axis powers. The Government considers that that treaty definitively settled between the parties matters arising out of the second world war. For most other nations, only estimates of varying reliability exist. Monetarily, in 1940 dollars, the estimated cost was $288 Billion. Along with World War I, World War II was one of the great watersheds of 20th-century geopolitical history. Wartime Expenditures during the Second World War 1939-1945 in Billions USD. DRESDEN (OCTOBER 1944-APRIL 1945) 25,000 deaths. However it is unknown whether the boost to the modern economy has offset the enormous financial ramifications of the Blitz to Britain. What were the turning points of World War II? United Shipbuilding Corp. is one of two . At a cost of a little over a thousand dollars, it was amazingly cost effective. Millions of able-bodied men and women were drained away to perform forced labour in German factories and on German farms. It was first introduced in 1934 and sent to many units in 1936. In the battlegrounds of the western portion of the Soviet Union, the destruction was even more complete. Germany built more BF109's in 1944 than any other year. food stamps. World War II, also called Second World War, conflict that involved virtually every part of the world during the years 1939-45. The Ministry of Food did not want to risk the lives of sailors for food that would be wasted, and reducing imports also saved money for armaments. In Germany itself, the U.S. Strategic Bombing Survey found that in 49 of the largest cities, 39 percent of the dwelling units were destroyed or seriously damaged. Why Do Cross Country Runners Have Skinny Legs? How many people died during World War II? Browse other questions tagged, Start here for a quick overview of the site, Detailed answers to any questions you might have, Discuss the workings and policies of this site. Sixty million people died in the Second World Warmore than in any other war before. The history of the British national debt can be traced back to the reign of William III, who engaged a syndicate of City traders and merchants to offer for sale an issue of government debt, which evolved into the Bank of England. The rearmament programme, which had begun in the mid-1920s, was costing 197 million by 1937. Adolf Hitler committed suicide on April 30, 1945, and the war in Europe ended on May 8. After that it began to increase, despite sustained economic growth, increasing to 37% of GDP in 2007. Russians also point to the fact that Soviet forces killed more German soldiers than their Western counterparts, accounting for 76 percent of Germanys military dead. Allied Powers Cost in Dollars in 1914-18: United States 22,625,253,000 Great Britain 35,334,012,000 France 24,265,583,000 Russia 22,293,950,000 Italy 12,413,998,000 Belgium 1,154,468,000. The founding of the Bank of England put an end to defaults such as the Great Stop of the Exchequer of 1672, when Charles II had suspended payments on his bills. In the U.S., bacon was rationed several years later, costing shoppers seven ration points as well as the customary 30 cents in 1943, according to the National WWII Museum . About 30,000 Londoners died because of enemy action in the skies above the capital, and a further 50,000 were injured. The table above outline the approximate expenditures of various world nations during World War II. The Marshall Plan, also known as the European Recovery Program, was a U.S. program providing aid to Western Europe following the devastation of World War II. Wartime expenditures during the Second World War 1939-1945: Price value of the arms production in 1940 and 1941 in Billion U.S. dollars. BRITAIN'S MILITARY COSTS DURING THE SEVEN YEARS' WAR (May 2010) Jeremy Land, B.S., Appalachian State University . Contents 1.1.1 Estonia. Connect and share knowledge within a single location that is structured and easy to search. Great Britain, which escaped the ravages of occupation, suffered heavily from the German aerial blitz of 194041 and later from V-bombs and rockets. For example, the MG39 and MG 42 were several times more expensive and took much longer to produce than the Bren. 2022 - 2023 Times Mojo - All Rights Reserved The image seems to be referring to the UKs EU divorce bill. Adjusted for inflation to today's dollars, the war cost over $4 trillion and in 1945, the war's last year, defense spending comprised about 40% of gross domestic product (GDP). Even at the end of the war Britain needed American financial assistance, and in 1945 Britain took a loan for $586 million (about 145 million at 1945 exchange rates), and in addition a further $3.7 billion line of credit (about 930m at 1945 exchange rates). What restrictions were in place after WWII on the German aircraft industry? harvp error: no target: CITEREFFerguson2012 (. Afghanistan, Andorra, Estonia, Iceland, Ireland, Latvia, Liechtenstein, Lithuania, Portugal, Spain, San Marino, Sweden, Switzerland, Tibet, Vatican City, and Yemen were all neutral during the war. It's not cheap if it crashes for non combat reasons. This week we finally honour in full our commitments to the US and Canada for the support they gave us 60 years ago, Ed Balls, the economic secretary to the Treasury, said last night. 1158683) and a non-profit company (no. How about they pay the 3.7 TRILLION World War 2 debt first, You can help us take action and get our regular free email. How much did Britain borrow from America in ww2? What was the most destroyed city in World war 2? The major participants were the Allied powers, specifically the United States, Great Britain, France, and the Soviet Union, who were at war with the Axis Coalition of Germany and Italy in the European Theater. In terms of the costs in American lives lost the following list the final estimations: Total American lives killed in action: 295,790, How Much Did the Korean War Cost the United States (in Money & Casualties) - History, How to Be in a Civil War Reenactment - Prices & Cost, How Much Did the American Civil War Cost - Casualties, How Much the International Space Station (ISS) Cost to Build, How Much Does a Civil War Battlefields Tour Cost - Prices. In terms of losses in human lives and material resources, World War II was undeniably the most destructive military conflict to date. Counting and finding real solutions of an equation. The author described a network of smaller carpenter shops producing wooden parts supplying the main Mosquito factories. On September 2, the Japanese High Command formally surrendered aboard the battleship USS Missouri in Tokyo Bay. We also havent seen evidence that Germanys debt to the UK, or the cost of war damage incurred by the UK, was worth 3.7 trillion. In the first stages of war, the Germans carried out many bombings of towns and cities in Poland (1939), including the capital Warsaw (also bombed in 1944), with Wielu being the first city destroyed by 75%. But what was the cost of the war to the United States? @Jos, Yes, same about Tiger. 10% of todays prices. This is a typical weekly food ration for an adult: Bacon & Ham 4 oz Other meat value of 1 shilling and 2 pence (equivalent to 2 chops) Butter 2 oz Cheese 2 oz On September 1, 1939, Hitler invaded Poland from the west; two days later, France and Britain declared war on Germany, beginning World War II. Some, sure, but particularly fighters were all metal. By the end of the conflict Britain's debt exceeded 200 percent of GDP, as it had done after the end of the Napoleonic Wars. The whole system of German economic exploitation was enforced by cruel and brutal methods, and the guerrilla resistance it aroused was destructive in itself and provoked German reprisals that were even more destructive, particularly in Poland, Yugoslavia, and the occupied portions of the Soviet Union. As Nazi Germany began winning a long string of victories in Europe, the administration of President Franklin Roosevelt began seeking ways to aid Great Britain while remaining free of the conflict. What were the cost of comparable aircraft? Some automated-tools could help already in 1940s' industry, but they were better used in steel-based mnaufacturing (tanks for example) than wood-based such as aircraft. I'm afraid your question boils down to why Germany did not win the war, and answer is simply they were not that ahead technologically to compensate for the lack of resources of their combined enemies. A liquidity problem and collapse followed. Asking for help, clarification, or responding to other answers. Loans issued by and to Britain during the first world war have never been resolved. What is scrcpy OTG mode and how does it work? To be explicitthis is not the same thing as the total cost of all war damage to the UK. If as you state, a Spitfire cost 9,500 to produce. Not helpful. The postwar military cost 200 million a year, to put 1.3 million men (and a few thousand women) . 7.9 million bombs dropped overseas, 1943-1945. 7 July 1937: Clash near the Marco Polo Bridge, close to Beijing. Italy, though at first a German ally, fared no better. Part of this was due to the nature of production in the US - Over 350,000 vehicles were produced. Other things that were taken included gold, raw materials and research equipment, but we dont know the value of these and they are unlikely to be included in the above figure. How much did food cost in World War 2? By clicking Post Your Answer, you agree to our terms of service, privacy policy and cookie policy. Leadup to the Second World War. How many bombs were dropped on the UK in ww2? The Studebaker unit was only moderately higher, and over 200,000 of these were produced. Some of these loans were only paid off in the early 21st century. The table above outline the approximate expenditures of various world nations during World War II. In 1931, President Herbert Hoover announced a one-year moratorium on war loan repayments from all nations, due to the global economic crisis, but by 1934 Britain still owed the US$4.4bn of World War I debt (about 866m at 1934 exchange rates). London suffered widespread damage during World War II as a result of aerial bombardment, which devastated the docks and many industrial, residential, and commercial districts, including the historic heart of the City. To force Japan to cease their hostility against China, in May 1939, President Franklin D. Roosevelt ordered an embargo of all exports to Japan. How much did ww2 cost the US? But there was also another cost, one much more irreplaceable than money the costs in human lives. On September 17, Soviet troops invaded Poland from the east. Having 5 machines to three of the enemy is nice, but how many pilots does each side "produce" and how many are lost when a plane is lost? Russia. Britain was indeed, in a 'financial Dunkirk.' In 1945, following a number of meetings and lots of paperwork, the UK received a total of 4.33 billion dollars from the US. Shopping . Adjusting for inflation, World War II cost over $4.1 trillion, according to 2010 figures from the Congressional Research Service. did much to reinforce this perception, along with Wilson's own sense of insecurity in office. This is the only source we've been able to find that matches the 3.7 trillion figure referenced in the viral image. [3] About .mw-parser-output .frac{white-space:nowrap}.mw-parser-output .frac .num,.mw-parser-output .frac .den{font-size:80%;line-height:0;vertical-align:super}.mw-parser-output .frac .den{vertical-align:sub}.mw-parser-output .sr-only{border:0;clip:rect(0,0,0,0);height:1px;margin:-1px;overflow:hidden;padding:0;position:absolute;width:1px}37 of British national debt in 1776, and 13 of major stocks like the East India Company, were held by Dutch bankers. Please note that I am not talking about monetary cost (e.g., 9,500 for a Spit vs RM42,900 for a bf109 - how do you compare currencies in the absence of trade?) What was the original cost of a Sharps Rifle? An officially sanctioned hunt for a stash of precious jewelry looted by the Nazis during World War II and purportedly buried in a sleepy Dutch village has like many previous searches failed to unearth any treasure, One of the last two remaining survivors of the USS Arizona battleship, which sank during the 1941 Japanese attack on Pearl Harbor, has died, Explorers have announced they found a sunken Japanese ship that was transporting Allied prisoners of war when it was torpedoed off the coast of the Philippines in 1942, resulting in Australias largest maritime wartime loss with a total of 1,080 lives, Europes biggest armed conflict since World War II is poised to enter a new phase in the coming weeks. How many people died during World War II? More than one million Soviet troops and tens of thousands of civilians died in the defense of the city, but the destruction of two entire German armies marked the beginning of the end of the Third Reich. Which countries did Germany not invade? Military Arms Production Index of Germany: Value and index of military arms production in Germany from July 1944 to March 1945: Strategic raw materials. Adjusted for inflation to today's dollars, the war cost over $4 trillion. Who were the leaders during World War II? The Soviet Union and China are believed to have suffered the most total casualties, while an estimated 5,800,000 Poles died, which represents about 20 percent of Polands prewar population. We havent seen any other estimates of the total damage cost of the Second World War to Britain. The money cost to governments involved has been estimated at more than $1,000,000,000,000 but this figure cannot represent the human misery, deprivation, and suffering, the dislocation of peoples and of economic life, or the sheer physical destruction of property that the war involved. E.g., there are many resources discussing Aircraft of the Battle of Britain, i.e., Spitfire vs Messerschmitt 109, but the production cost is ignored. [8], By the mid-1920s, interest on government debt was absorbing 44% of all government expenditure, comfortably exceeding spending on defence until 1937 when, as war clouds drew near, re-armament began to get underway in earnest.[9]. Britain in WW2 . In Great Britain about 30 percent of the homes were destroyed or damaged; in France, Belgium, and the Netherlands about 20 percent. The City of Parramatta respectfully recognises the traditional owners of the land and waters of Parramatta, the Darug peoples. Why are players required to record the moves in World Championship Classical games? It was America's costliest war ever America's final bill for the fighting in the Pacific and Europe was massive. [5], The Lord Treasurer Robert Harley established the South Sea Company in 1711. Some precisely used this tactic against Germany, such as Royal Air Force Bomber Commands Air Marshal Arthur Harris. In 2007 dollars this would amount to approximately $5 Trillion. Most wars of the period saw 1.1.2 Iceland. The economic cost of this war has greatly changed the world by altering the power structure of the world. One way to approach this is currency equivalents. Omissions? The national debt increased from 650million in 1914 to 7.40billion in 1919. It is estimated that more than 12,000 metric tons of bombs were dropped on London and nearly 30,000 civilians were killed by enemy action. Hull was the most severely damaged British city or town during the Second World War, with 95 percent of houses damaged. In 1815, at the end of the Napoleonic Wars, British government debt reached a peak of 1 billion (that was more than 200% of GDP). The best answers are voted up and rise to the top, Not the answer you're looking for? The Axis powers were led by Adolf Hitler (Germany), Benito Mussolini (Italy), and Hideki Tojo (Japan). How much did WW2 cost Britain? [5] As during World War I, the US again provided the major source of funds, this time via low-interest loans and also through the Lend Lease Act. The news spread quickly and celebrations erupted across the United States. Public finances were in so dire a condition at the time that the terms of the loan were that it was to be serviced at a rate of 8% per annum, and there was also a service charge of 4,000 per annum for the management of the loan. For a contemporary example (from a USMC maintenance officer), the time to change an engine on an F18 is around four hours. The cost of war By the start of the Second World War in 1939, considerable spending on increasing Britain's military capacity had already taken place. In addition, the effects of the war on the U.S. economy were that it decisively ended the depression and created a booming economic windfall. The Allies had much more potential wealth they could spend on the war. Without these supplies, Britain would have lost the war. It was a global-military conflict that saw 61 countries taking part in a war that lasted from 1939 to 1945. because the figure is for the cost of damage in the UK, not World War Two debt that Germany owes the UK, and we dont know where it came from. This article is part of our work fact checking potentially false pictures, videos and stories on Facebook. [11] The crisis was depicted by the right-wing press as a national humiliation, with Chancellor Denis Healey being forced to go "cap in hand" to the IMF.[12]. @sds I'm not sure what is your question. Does that make the BF109 'better'? Did the drapes in old theatres actually say "ASBESTOS" on them? The Thompson, which was the gold standard of . The invasion began as ordered. In 1940 the British government pegged the value of the pound to US $4.03.

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