British War Finance, 1914-1919

British War Finance, 1914-1919

British War Finance, 1914-1919

British War Finance, 1914-1919

Excerpt

This book was written in 1919 while the author was in London as American Trade Commissioner, and certain figures not available then have since been added. Likewise, the final chapter has been revised, bringing down to date the principal subjects discussed in the book. It is an attempt to survey the financial developments in Great Britain during the war and for the year succeeding the Armistice. September 30th, 1919, was taken as the date up to which figures were brought, except in cases where it was more convenient to use the full calendar year 1919. Insofar as it was possible, original sources were used and Government documents referred to. The Economist was used as a reference on Bank of England and Treasury items. Every effort has been made to secure accuracy, and the author hopes that impartiality has dictated his judgment regarding fiscal policy and currency issue.

So many have rendered assistance in the matter of interviews and the furnishing of actual data, that I could not express my appreciation without writing a very long list of names. Among those who gave unusual assistance, not only in the matter of council and advice but in the actual assembling of data and the preparation of certain tables and graphs, must be mentioned Professor T. E. Gregory of the University of London. Mr. Hartley Withers, then Editor of The Economist, and Dr. Walter Leaf, Chairman of the Westminster Bank, also give invaluable aid. Professor James W. Angell of Columbia University has made many valuable suggestions for the final revision of the manuscript. The author, however, does not wish to hold any of these gentlemen responsible for the form or conclusions of the book.

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