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
Flaxseed | bush| 14,646| 8,473| 14,296| 13,749| 18,353
Sugar beets | tons| 6,549| 5,980| 6,228| 5,585| 5,391
Tobacco | lbs| 1,266,686|1,196,451|1,153,278|1,034,679| 991,958
All hay | tons| 86,254| 94,930| 110,992| 88,686| 81,640
Cotton |bales| 11,818| 11,302| 11,450| 16,135| 14,259
Sorghum sirup|galls| 29,757| 34,175| 13,668| |
Peanuts | bush| 52,617| 56,104| 35,324| |
Broom corn, 5| tons| 52| 52| 39| |
States| | | | | |
Clover seed | bush| 1,248| 1,439| 1,706| |
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[8] no estimate
The same point of view is expressed in the following extract:
"It is not usually understood that the chief cause of the
enormously high prices of the necessities of life at the
present time is their relative scarcity. The supply of
necessities in this country has not materially increased, but
the demand for them, owing to the requirements of our Allies,
has enormously increased. We can prevent a still further
soaring of prices only by increased production of
necessities--increased production to be accomplished, let it be
repeated through a diversion of productive power from the
non-essential lines.
"The wealthy have often been urged since the war started to
spend lavishly on luxuries and to economize on necessities in
order that the necessities will remain for consumption by the
poor. This is sheer shortsightedness; for the energy devoted to
the production of luxuries for consumption by the wealthy
would, if diverted to the production of essentials, give us a
sufficient supply of the necessities of life that all might
have them in relative abundance. The result of a policy of
spending lavishly on luxuries is an inadequate production of
necessities and hence prices so high as to cause real privation
among the masses. Those engaged in producing luxuries obviously
cannot at the same time be engaged in producing necessities."
In a war of attrition, physical deterioration of the masses of society
in consequence of inadequate nourishment was certain to result in a
serious decline in national morale, and this was a decided factor in the
final outcome of the struggle. Food and other physical necessities would
win the war. Mr. F. A. Vanderlip used the same argument for economies:
Public-domain text, read in full here on John Shaqi.
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