Kelly Miller's History of the World War for Human Rights
John Stuart Mill · en
The war cost $105,000,000 every twenty-four hours, according to the
statistics, expenditures of the Entente Allies being fully double those
of the Central Allies.
COMPARATIVE WAR EXPENSES.
Without for one moment taking into consideration the billions which were
thrown into the war-pot by America the figures are staggering. An
interesting comparison is found in the cost of the previous great world
wars. The American Civil War, the greatest conflict in prior history
cost $8,000,000,000, a sum equalled every three months in the conduct of
the European war.
Approximate cost.
Napoleonic Wars, 1793-1815 $6,250,000,000
American Civil War, 1861-1864 8,000,000,000
Franco-Prussian War, 1870-1871 3,000,000,000
South African War, 1900-1902 1,250,000,000
Russo-Japanese War, 1904-1905 2,500,000,000
European War, 1914-1917 (3 years) 75,000,000,000
It was further estimated that after the year 1917, the payment of
$3,800,000,000 a year would be required to pay the interest on the debt,
and that the total Government expenditures in Europe for bond interest
and support of the various branches of the Governments would require in
the neighborhood of 20 per cent of the people's income.
POPULATION AND WEALTH OF COUNTRIES.
Another comparative table that is important to any one desiring to study
the costs and their effects is that relating to population and wealth of
the principal countries. The latest available figures are:
Population Wealth
United States 101,577,000 $187,739,071,090
British Empire 394,930,000 130,000,000,000
Germany 67,810,000 80,000,000,000
France 39,700,000 50,000,000,000
Russia 187,379,000 40,000,000,000
Austria-Hungary 53,000,000 25,000,000,000
Spain 20,000,000 5,400,000,000
Belgium 7,500,000 9,000,000,000
Portugal 5,958,000 2,500,000,000
Italy 37,048,000 20,000,000,000
Taxes have been the main sources for raising money to carry on the war.
In Germany taxes on all incomes from the Kaiser to the ordinary business
man were kept at the highest rate, the Kaiser paying $500,000 on his
fortune of $35,000,000 during the early part of the struggle. This was
in addition to his income tax which amounted to $440,000, making a total
annual tax of nearly $1,000,000. The Krupps are said to have been
assessed at $3,000,000.