This historic book may have numerous typos and missing text.
Purchasers can usually download a free scanned copy of the original
book (without typos) from the publisher. Not indexed. Not
illustrated. 1919 edition. Excerpt: ...could be used at once and to
the full for government purposes. Events of the year proved this
assumption to be erroneous; in fact, a full year was to elapse
before the necessary adjustments were effected in American industry
and trade which made it possible to direct the major resources of
the country into war channels. The daily expenditures, exclusive of
advances to Allies, during this year, were as follows: 1917-18
Monthly Daily July $208,299,031 $6,719,323 August 277,438.000
8,949,613 September 349,013,305 11,337,768 October 465,045,360
14,904,690 November 512,952,035 17,098,401 December 611,297,425
19,719,272 January 715,302,039 23,074,260 February 675,209,068
24,114,610 March 819,955,367 26,450,173 April 910,756,758
30,558,558 May 1,068.203.026 34,458,163 June 1,263,914,905
42,130,497 The comparative growth in the war expenditure for this
year may be arrived at by deducting the prewar 1915-16 normal from
the expenditures of this year as given in the following table:
Expenditure 1917-18 Civil $1,507,367,481 Military 5,684,348,623
Naval 1,368,642,793 Indian 30,888,776 Pensions 181,137,754 Interest
on public debt 197,526,608 Miscellaneous adjustment (deduct)
3,379,769 Total ordinary disbursements $8,966,532266 Advances to
Allies 4,739,434,750 Total $13,705,967,016 A war expenditure for
the year is thus secured of $8,242,039,268, or, with advances to
Allies added, $12,981,474,018. This makes the total for the war
period fromi April 6, 1917, to June 30, 1918, as follows: Year War
Expenditure Advances Total 1916-17 $423,405,993 $885,000,000
$1,308,405,993 1917-18 8,242,039,268 4,739,434,750 12,981,474,018
$8,665,445,261 $5,624,434,750 $14,289,880,011 Loans, 1917-18 As the
tax legislation to provide additional revenue was not passed
|Country of origin:
Ernest Ludlow Bogart
||246 x 189 x 6mm (L x W x T)
||Paperback - Trade
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