I. DIRECT COSTS OF THE WAR BY COUNTRIES. • Allied and Associated Pourers.
United Stateit— Although the last great power to enter the c,onflict, the net war ex penditures of the United States amounted to U2,623,252,843. This was almost 20 times as much as the pre-war debt of the country and, as has beert said, almost enough to have oaid the entire costs of the government from 1791 to the outbreak of the great European struggle. It represented an expenditure of over $1,000,000 a,n hour from the moment America became a belligerent down to April 1919, and was sufficient to have carried on the Revolutionary War for a thousand years at the rate of expenditure during that struggle. England, a participant front the ginning. of the war, spent but a little ovet $12,000,000,000 more than did America ; Franc*, not quite $2,000,000,000 more, and RUssia, about $30,000,000 less. These figures Suggest that had the war lasted another year the expenditures of the United States would have equaled those of Great Britain and Germany. As it wits, het
gross expenditures (her net phis her advances to the Allies) totaled $32,080,266,968 and ex ceeded the gross expenditures of Fmnee by an proximately $6,000,000,000. Her advances to the Allies amounted to $9,455,000,000 in round fig ures, .and exceeded the advances made by Great Britain to other belligerents by about $1,000, 000,000. About two-thirds of the gross amount expended by America was raised by loans; the remamder by taxation, the plan from the be ginning having been to mr one-third of the war bill out of revenues. This policy necessitated tremendous increases in taxes. Very few things were omitted from the taxable list, but incomes and war and excess profits were made, to carry the greater nart of the burden. Among other