War-Time Financial Problems

"War-Time Financial Problems" by Hartley Withers is a post-World War I analysis that examines the economic consequences and financial strategies of the time. Penned in the late 1910s, as the globe recovered from conflict, the text addresses the war’s impact on capital and trade. Withers covers important topics like capital creation, wartime financing, and the effects of government monetary policies and taxation, while introducing the issue of capital supply and differing views on its availability after the war. Withers challenges the perceived level of capital destruction during the war, stressing that saving is crucial for capital creation. He advocates for smart taxation, while cautioning against inflation and poor financial practices. This introduction paves the way for a deeper investigation into how wartime financial practices affect both short-term recovery and long-term economic health.