The International Development Of China (Classic Reprint)

Excerpt From The International Development Of China

It _Is Estimated That During The Last Year Of The World War The Daily Expenses Of The Various Fighting Nations Amounted To Two Hundred And Forty Millions Of Dollars Gold. Take It For Granted In A Most Conservative Way That Only One Half Of This Sum Was Spent On Munitions And Other Direct War Supplies, That Is, One Hundred And Twenty Millions Of Dollars Gold. Let Us Consider These War Supplies From A Commercial Point Of View. The Battle - Field Is The Market For These New Industries, The Consumers Of Which Are The Soldiers. Various Industries Had To Be Enlisted And Many New Ones Created For The Supplies. In Order To Increase The Production Of These War Commodities Day By Day, People Of The Warring Countries And Even Those Of The Neutral States Had To Be Content With The Barest Necessities Of Life And Had To Give Up All Former Comforts And Luxuries.

Now The War Is Ended And The Sole Market Of These War Supplies Has Closed, Let Us Hope, Forever, For The Good Of Humanity. So, Henceforth, We Are Concerned With The Problem As To How A Readjustment Might Be Brought About. What Is To Be Considered First Is The Reconstruction Of The Various Countries, And Next The Supply Of Comforts And Luxuries That Will Have To Be Resumed. We Remember That One Hundred And Twenty Million Dollars Were Spent Every Day On Direct War Supplies. Let Us Then Suppose That The Two Items Mentioned Will Take Up One Half Of This Sum, That Is, Sixty Millions Of Dollars A Day Which Will Still Leave Us A Balance Of Sixty Million Dollars A Day To Be Utilized. Besides, The Many Millions Of Soldiers Who Were Once Consumers Will From Now On Become Producers Again. Further More, The Unification And Nationalization Of All The Industries.

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