Economy & TradeThe 1940s

Economy & Trade in the 1940s

Every event in the Terralore archive tagged economy and trade — trade, currency, industry and resources, narrowed to the 1940s — 3 of them, drawn from 3 nations, running from 1944 to 1949. Each entry keeps the sources it was verified against and links back to the chronicle it came from.

Events
3
Nations
3
Earliest
1944
Latest
1949
Asia
2
Europe
1

Every entry below is the same record, with the same sources, as the one on its nation’s chronicle.

  1. Europe

    Luxembourg

    The Benelux customs convention

    The exiled governments of Belgium, the Netherlands and Luxembourg signed a customs union in London on 5 September 1944, launching the Benelux that entered into force in 1948 and was deepened by the 1958 Economic Union.

    Era: A Founder of the New Europe

    Sources: The Benelux · The Luxembourg Government (gouvernement.lu), Benelux Union: About us · Benelux Union, Benelux: the first organisations and cooperative ventures in post-war Europe · CVCE (Centre Virtuel de la Connaissance sur l'Europe), University of Luxembourg

  2. Asia

    Kuwait

    First oil exports

    Kuwait began exporting crude oil in 1946, launching the rapid transformation of the pearling port into a wealthy oil state.

    Era: Oil, Independence, and the Welfare State

    Sources: Kuwait Oil Company · Encyclopaedia Britannica, Kuwait: History · Encyclopaedia Britannica

  3. Asia

    Qatar

    First oil exports begin

    Commercial export of Dukhan crude began in 1949, starting the transformation of an economy battered by the collapse of the pearl trade in the 1930s.

    Era: Oil, the End of Pearls, and Independence

    Sources: Qatar: History (Persian Gulf, Oil, Gas) · Encyclopaedia Britannica, Persian Gulf States: Country Studies (Qatar) · Library of Congress, Federal Research Division