Methods of Financing War

Archive Report


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Richard M. Boeckel, Editor

Huge Cost of Modern Arms and Warfare

The president's recent requests for huge sums to build up American defenses have acted as a sharp reminder of the tremendous cost of providing a great power with the armed forces and the war equipment necessary to give it adequate security in a period of world turmoil. The financial and economic burden of preparedness, even on the extensive scale now planned by the United States, is, however, relatively small compared to the crushing cost of waging modern warfare. Even ...

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