Harper's Pictorial Library of the World War, Volume XII : $b The Great Results of the War
History
Harper's Pictorial Library of the World War, Volume XII : $b The Great Results of the War
League of Nations; Treaty of Versailles (1919 June 28); World War, 1914-1918; World War, 1914-1918 -- Economic aspects; World War, 1914-1918 -- Finance
"The report places the average rise in the total clothing
budget since 1914 at 77 per cent. This increase compares with
an increase of 51.33 per cent. between 1914 and 1917 for
families in the ship building districts of Philadelphia and an
increase of 54.21 per cent. among similar families in the ship
building district of New York, as reported by the United States
Bureau of Labor Statistics. The difference between these
increases and the Board's figure of 77 per cent. is largely
explained by the difference in the period of time covered;
clothing prices have continued to advance since 1917. Further
increases in the fall of 1918 were, moreover, clearly indicated
by the statements of retail dealers."
WAR PRICES AND LUXURY IMPORTS
In spite of the contention that war-time conditions led to an increased
standard of luxurious living, statistics of imports indicated a rapid
fall in articles of luxury brought into the country. In the fiscal year,
1918, there was a material decline compared with the preceding year and
a marked decline when compared with the year before the war:
"A recent compilation by the National City Bank shows this in
practically all imports usually classed as luxuries. That the
imports should be less than before the war was quite natural by
reason of the fact that many articles of this character
originated in European countries, some in countries with which
we are now at war, and some with our Allies who are otherwise
too busily employed.
"In art works, for example, the value of the imports of 1918
was only about $11,000,000 against $23,000,000 in 1917, and
$35,000,000 in the fiscal year 1914. In automobiles the value
in 1918 was about $50,000 against nearly $2,000,000 in 1913,
and more than $2,000,000 in 1912, while the average value per
machine imported in 1918 was less than one-half what it was
before the war. Decorated china imported in 1918 was about
$3,500,000 in value against practically $8,000,000 in 1914. Of
cotton laces imported in 1918 the value was about $10,000,000
against $16,500,000 in 1917, and nearly $34,000,000 in 1914. Of
silk laces the 1918 imports were valued at little more than
one-half those of 1914. Of cotton plushes and velvets the
quantity in 1918 was less than 1,000,000 yards against more
than 3,000,000 in 1917, and practically 5,000,000 in 1914. Of
ostrich feathers, in 1918 the imports were valued at nearly
$1,000,000 against nearly $4,000,000 in 1914 and over
$6,000,000 in 1913. In precious stones the total for 1918 was
only about $32,000,000 against $47,000,000 in 1917 and
$50,000,000 in 1913; while of pearls alone the value in 1918
was less than $2,000,000 against over $8,000,000 in 1917, and
more than $10,000,000 in 1916.
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