Financing the War
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In our eReader you can find the full English version of the book. Read Financing the War Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Financing the War
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BARTON HEPBURN of the nation show a gross income of thirty-one billions two hundred millions of dollars for the year 1914, and a gross of forty-nine billions and seven hundred millions of dollars for the year 1917 — in other words, a growth for the period of the war of over eighteen billions.
(2) My judgment is that the largest part of this increase of eighteen billions is to be treated as an accretion to the money incomes of those classes of the community for whom it is not offset by commensur...ate increases of living and other costs. To be on the safe side, however, I estimated that a deduction of one-third from the eighteen billions might properly be made to cover increased cost of living, etc. , and to account for any variation in the choice of price levels in computing the totals (the larger part of the gain in pecuniary income of the nation from 1915 to 1918 being due to the rapid and general advance in prices). A deduction of one- third or six billions leaves us with an addition to the computed surplus or potential savings fund of the nation of approximately twelve billions.
What to read after Financing the War?
You can find similar books in the "Read Also" column, or choose other free books by A Barton Alonzo Barton Hepburn to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
BARTON HEPBURN of the nation show a gross income of thirty-one billions two hundred millions of dollars for the year 1914, and a gross of forty-nine billions and seven hundred millions of dollars for the year 1917 — in other words, a growth for the period of the war of over eighteen billions.
(2) My judgment is that the largest part of this increase of eighteen billions is to be treated as an accretion to the money incomes of those classes of the community for whom it is not offset by commensur...ate increases of living and other costs. To be on the safe side, however, I estimated that a deduction of one-third from the eighteen billions might properly be made to cover increased cost of living, etc. , and to account for any variation in the choice of price levels in computing the totals (the larger part of the gain in pecuniary income of the nation from 1915 to 1918 being due to the rapid and general advance in prices). A deduction of one- third or six billions leaves us with an addition to the computed surplus or potential savings fund of the nation of approximately twelve billions.
What to read after Financing the War?
You can find similar books in the "Read Also" column, or choose other free books by A Barton Alonzo Barton Hepburn to read onlineMoreLess
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