Implicații economice și financiare ale Primului Război Mondial. Împrumuturile de război
Economic and Financial Implications of the First World War. War Loans

Summary/Abstract: This article aims to outline some aspects of the economic and financial implications of the First World War, the mechanisms and means by which this conflict has been financially supported We will first look at how the war loans contributed financially to support the needs of the front, how the population was called upon to support this effort, and of course, the propaganda of the authorities in this regard. If the budget for civilian spending could be assured from collecting taxes, the financing of the war had to be secured in other ways. There were not many solutions: exports that would provide sufficient resources were no longer possible in the new situation; also, access to financing on the international capital market has become virtually impossible under war conditions. As a result, the only viable solution was the appeal to domestic loans that became a tool used by the state to attract the financial resources needed to support the war effort from the population and the banks. Thus, following the example of Germany, Austro-Hungary has launched a well-organized campaign to contract every 6 months of loans in the domestic market. In total, were made 8 loans. It was considered a patriotic duty of every citizen to support the cause of the war, all these efforts being considered as part of a genuine "domestic front", in which, without exception, all citizens had to be engaged, according to their forces and capabilities. At the end of the article, a statistic of the value of these loans is also presented.

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