Now let us try to get an idea of the actual cash cost of war in general
by studying, first, the cash cost of one war as a specimen. Let us take
the American Civil War. In the statement here following, items (4b) and
(5) are somewhat over-estimated; item (6) is greatly underestimated. It
is to be noted also that the following on the Civil War does not include
all the items of the actual cash cost of that war; for examples, the
economic loss in the weakening of the _national_ blood, and the loss of
the producing power of the soldiers on both sides _during_ the war, the
latter loss being probably more than $2,000,000,000. Two other very
heavy items omitted here are the more than $2,000,000,000 that must in
future years be paid out as interest on Civil War bonds and as Civil War
pensions; and the $600,000,000 paid out in Civil War pensions from 1906
to 1910. However, if the omissions are carefully noted, the itemized
statement will be found helpful in realizing the cash cost of war.
The American Civil War—Its Cost in Cash:
(1) Direct expenditures, South $5,000,000,000.00
(2) Direct expenditures, North 5,000,000,000.00
(3) Increase in National Debt 2,800,000,000.00
(4) Interest on National War Debt:
(a) 1865 to 1898 2,562,619,835.00
(b) 1898 to 1910 (estimated) 400,000,000.00
(5) Pensions, total to June 30, 1906 3,259,195,396.60
(6) Lost labor-power:
One million selected men, slaughtered in battle
or destroyed during the war by disease;[37] or
from wounds and disease rendered wholly or
partially unproductive for an average term of
twenty-five years _following_ the war:—an
average loss to society per man, thus killed
or weakened, of $500 for twenty-five years for
one million men 12,500,000,000.00
——————————————————
Total (“Grand” Total) $31,521,815,231.60
This sum, more than thirty-one and a half billion dollars, _this_ sum
looks different from the “Cost of the Civil War” as it is commonly set
forth in elementary school histories for deludable children.[38]
Here is a suggestion: Have your child or some child of your acquaintance
discuss this matter in the public school. The child should be assisted
in preparing an attack upon the misrepresentation in the ordinary common
school “History of the United States.”
This sum, thirty-one and a half billion dollars, is well worth
consideration.
This sum would pay for a 1700–dollar home and also for 400 dollars’
worth of furniture for each home—for a total population of 90 million
people, estimating six per family in each home; or,
Public-domain text, read in full here on John Shaqi.
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