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
"In articles of food usually classed as luxuries there was also
a marked fall. Cheese imported in 1918 amounted to about
9,000,000 pounds against 15,000,000 in 1917, and 64,000,000 in
1914. Of currants the imports of 1918 were over 5,000,000
pounds against 25,000,000 in 1916 and 32,000,000 in 1914, and
of dates only 6,000,000 pounds in 1918 against 34,000,000 in
1914; while olives and olive oil showed totals in 1918 of about
one-half those of the year before the war."
[Illustration: The Nations and Their Wheat Supply
Under the Lever Bill, which became the Food Control Law after the United
States declared war, the President was authorized to fix a reasonable
guaranteed price for wheat.]
GOOD EFFECTS OF PRICE CONTROL
It became accepted on all sides that price control was the one method to
correct the inequalities of war conditions. It was necessary to prevent
the poorer classes in the population from having an inadequate
consumption of wealth. There was the political side, too. Price control
had an effect on the morale of large strata of the population. It acted
as a bulwark against the rising tide of discontent and internal
dissension incident to warfare on a democratic scale. Mr. Sydney Webb, a
well known English student of labor problems, conceded that the British
government had by its system of price control been fairly successful in
staving off any general fall in the standard of life in its people. How
the system worked is summarized by him in the following passage:
"What has been successful in Great Britain in economizing
supplies has been a widespread appeal to the whole nation to
limit its consumption of wheaten bread (4 pounds per week),
meat (2½ pounds per week), and sugar (¾ of a pound per week) to
a prescribed maximum per person in the household; and to make
up the necessary subsistence by the use of substitutes, such as
fish, other cereals than wheat, and other vegetables than
potatoes, of which the crop throughout all Europe has largely
failed. More efficacious still has been the absolute government
monopoly of sugar, secured at the very beginning of the war,
and the drastic restriction of the total quantity allowed to be
issued from store, the aggregate reduction being thus
infallibly secured, and the retailers being left to share what
sugar they obtained among their customers. It has been found
useful, too, to make the wheaten flour go farther by compelling
all the millers to include both an increased proportion of bran
and a certain proportion of other cereals. More drastic
measures are near at hand."
STAY-AT-HOMES WHO MADE MONEY
Public-domain text, read in full here on John Shaqi.
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