Pre-war
1914
Outbreak of the war
1915
1916
1917
1918
End of the war
Post-war
Medium

Exchange rate of the Austrian Krone in Zürich August 1914-October 1918 (monthly average; 100 Krone in Swiss francs)

Source: Gratz, Gustav/Schüller, Richard: Der wirtschaftliche Zusammenbruch Österreich Ungarns, Wien 1930, 182

Verwendet bei

  • Chapter

    Raising the costs of the war

    The costs of a war cannot be raised by the normal financing mechanisms. Ultimately, every war is financed by making excessive use of the gross national product, and the weaker the basis of a country's economy, the greater the burden caused by the war.