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
"Notwithstanding the release of labor, if it were needed, by
demobilization, and notwithstanding adequate supplies of raw
cotton to meet the season's requirements and the lack of any
important difficulties in the way of reconversion to peace-time
products, and with low supplies of finished goods in stock, the
cotton industry kept more spindles idle during the first five
months of 1919 than were idle during the corresponding period
for 1918. The amount of cotton consumed in the United States
during the nine months ending with April, 1919, was
approximately 12 per cent. less than for the corresponding nine
months of 1918. The prices of cloths and clothing, as above
mentioned, show in June, 1919, an increase of 150 per cent.
over 1913 prices."
The boot and show industry showed a marked decline after the signing of
the armistice. This, too, was borne out by the investigations of the
Council.
"The production of boots and shoes for the first quarter of
1919 was reported as about 60 per cent. below the production
for the last quarter of 1918. Plants were partially closed and
in some cases it is reported that machinery was returned to the
Shoe Machinery Co. All in all, there were 75,000,000 less pairs
of shoes produced in the first quarter of 1919 than in the last
quarter of 1918.
"The census report shows a reduction of more than 25 per cent.
in the output of civilian men's shoes in the quarter ending
with March, 1919, as compared with production in the quarter
ending with December, 1918, and nearly 25 per cent. reduction
as compared with the quarter ending with September, 1918. The
reduction in output of women's shoes amounted to approximately
30 and 25 per cent., respectively, in comprising corresponding
periods. The reduction in the output of shoes for youths, boys
and misses was even more marked."
COAL AND IRON
What has been said of the production of cotton and woolen goods applied
equally to the mining of coal and to the output of iron and steel.
During the war we increased our coal production. In 1918 it amounted to
"685,000,000 short tons, almost 50 per cent. of the world's estimated
output for that year. Production for 1913 was 571,000,000 short tons."
The coal situation since the armistice is stated as follows:
Public-domain text, read in full here on John Shaqi.
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