Excerpt from Business After the War: An Address Before the Michigan Bankers' Association, Flint, Michigan, June 13, 1916
But here again the difficulties of the present situa tion appear. We are buying back our own securities from Great Britain and Europe on an enormous scale, and must continue to do so. We are granting credits to other countries to assist their purchases here. Furthermore, we have no spare capacity at the present time for the equipment of new enterprises, and, finally, war prices are prohibitive upon new enterprises.
When the war is over, we will be stronger in some respects, and weaker in others, than before. We will be richer, owe less abroad, have greater productive capacity, and have an introduction in foreign trade. All that would strengthen our position in world affairs if other things remained the same. But conditions have not remained the same, and here we have another strik ing illustration of the law of compensation.
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Paperback. Condition: New. Print on Demand. This book is a detailed analysis of the economic effects of World War I on the United States and global economies. It explores the notion that, while the war initially brought economic benefits to the U.S., these came at a potential long-term cost. The author argues that the war led to increased production and consumption, but also contributed to rising costs of living and an industrial imbalance that could have long-lasting negative effects. The book also delves into the themes of international trade and the interdependence of global economies, highlighting the interconnectedness of nations and the complex challenges they face in times of conflict. By providing a comprehensive examination of the economic consequences of World War I, this book offers valuable insights into the broader effects of war on society and the economy. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Seller Inventory # 9781528492980_0
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