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In July 1914, as it became clear that a European war was on the cards, London, the world’s foremost international financial centre, suffered an acute financial crisis. The financial crisis of 1914 was a financial crisis resulting from the sell-off of about $3 billion (equivalent to $ 96 billion in 2025) of foreign portfolio investments, primarily by the British who needed funds for the war effort, during the July Crisis at the start of World War I. In this video, I look back at the largely forgotten financial crisis of 1914, when the outbreak of World War I brought the City of London to a virtual standstill. The London Stock Exchange closed for five months, banks temporarily shut their doors, interest rates surged and people rushed to obtain physical gold. Some scholars have analysed war finance and inflation in the context of economic mobilization during the First World War. Others have interpreted the wartime inflation of 1914-1918 as the beginning of a continuous inflationary process which lasted from 1914 to 1923-1924. All images courtesy of Two Kids and a Coupon Axolotls are adorable! With their perpetually smiling faces, feathery gills, and charmingly plump bodies, axolotls have captured hearts worldwide. These ... Additionally, our previously published article on Cozy Up With 10 Free Printable Coloring Pages 2nd Grade has been instrumental in providing context to the discussion presented in this section.
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