The Task of Financing the War

John J. Fitzgerald
1918 The Annals of the American Academy of Political and Social Science  
At the outbreak of the war there was keen speculation as to its duration. Since the Russo-Japanese War it had been the belief of many eminent military experts that all future wars would be short and decisive. That opinion was predicated upon two important assumptions; one, that modern methods of warfare had been developed along such a plane of destruction that, if hostilities were conducted on an extensive scale, the harvest would be so dreadful as quickly to compel peace; the other, that the
more » ... e other, that the financing of military operations upon a gigantic scale was so dependent upon certain definitely fixed money centers, that financiers, rather than military
doi:10.1177/000271621807500103 fatcat:dheq6oqwgfglnmmld7dj2ydume