Who benefits from Wars?
Do people of either country or the Countries that participate in a War?
Do the Nations Profit by War?
The Business interests.
“Some people fight for Idealism and Ninety nine out of hundred ae being conned.
So are the people back home who cheer for war.
We are always Right and they are always wrong.
In Washington and Beijing,London and Moscow.
People are being conned.
Those GIs in Vietnam,do you think they die for Life,liberty,and the pursuit of Happiness?
They were in those lands because their Colonel ordered them there,and he was ordered by The War Office and that was ordered by The
Cabinet to keep the British Control over the Economies.”
Unquote.-From The Dogs of War by Frederick Forsyth
The normal profits of a business concern in the United States are six, eight, ten, and sometimes twelve percent.
But war-time profits — twenty, sixty, one hundred, three hundred, and even eighteen hundred per cent — the sky is the limit.
For the du Ponts, the powder people , the average earnings for the period 1910 to 1914 was $6,000,000 a year.
Their average yearly profit during the war years, 1914 to 1918. Fifty-eight million dollars a year
An increase in profits of more than 950 per cent.
Bethlehem Steel shunted aside the making of rails , girders and bridges to manufacture war materials.
Their 1910-1914 yearly earnings averaged $6,000,000.
Their 1914-1918 average was $49,000,000 a year!
United States Steel.
The normal earnings during the five-year period prior to the war were $105,000,000 a year.
The average yearly profit for the period 1914-1918 was $240,000,000.
Anaconda, for instance. Average yearly earnings during the pre-war years 1910-1914 of $10,000,000.
During the war years 1914-1918 profits leaped to $34,000,000 per year.
Utah Copper. Average of $5,000,000 per year during the 1910-1914 period.
Jumped to an average of $21,000,000 yearly profits for the war period.
Central Leather Company were $3,500,000.
That was approximately $1,167,000 a year.
In 1916 ,Central Leather returned a profit of $15,000,000, an increase of 1,100 per cent.
The General Chemical Company averaged a profit for the three years before the war of a little over $800,000 a year.
Came the war, and the profits jumped to $12,000,000. a leap of 1,400 per cent.
International Nickel Company showed an increase in profits from a mere average of $4,000,000 a year to $73,000,000 yearly.
An increase of more than 1,700 per cent.
American Sugar Refining Company averaged $2,000,000 a year for the three years before the war.
In 1916 a profit of $6,000,000 was recorded.
Listen to Senate Document No. 259.
The Sixty-Fifth Congress, reporting on corporate earnings and government revenues.
Considering the profits of 122 meat packers, 153 cotton manufacturers, 299 garment makers, 49 steel plants, and 340 coal producers during the war.
Profits under 25 per cent were exceptional.
For instance the coal companies made between 100 per cent and 7,856 per cent on their capital stock during the war.
The Chicago packers doubled and tripled their earnings.
And let us not forget the bankers who financed the great war. If anyone had the cream of the profits it was the bankers. Being partnerships rather than incorporated organizations, they do not have to report to stockholders. And their profits were as secret as they were immense. How the bankers made their millions and their billions I do not know, because those little secrets never become public — even before a Senate investigatory body.
to be continued.