THE FIRST WORLD WAR as reported in the daily news

This is a place for veterans of military service to remember and reflect. War time or peace. Any service.

Moderators: DuncaninFrance, Niner Delta

User avatar
Niner
Site Admin
Posts: 11513
Joined: Sat Mar 15, 2003 1:00 pm
Location: Lower Alabama

Re: THE FIRST WORLD WAR as reported in the daily news

Post by Niner » Sat Jun 23, 2018 10:26 pm

Times are getting tough in the US. Sugar is being rationed. Only three pounds per person per month! Wonder how much they used before the rationing. But at lease explosives and ant poison wouldn't be affected.

https://chroniclingamerica.loc.gov/lccn ... d-1/seq-1/
Attachments
three pounds.jpg
three pounds.jpg (41 KiB) Viewed 3596 times
details.jpg
details.jpg (38.31 KiB) Viewed 3596 times
User avatar
Niner
Site Admin
Posts: 11513
Joined: Sat Mar 15, 2003 1:00 pm
Location: Lower Alabama

Re: THE FIRST WORLD WAR as reported in the daily news

Post by Niner » Wed Jun 27, 2018 11:10 pm

All the rumors fit to print. If this head line had been held off until July 17th it would be more or less true....but not yet.

https://en.wikipedia.org/wiki/Execution ... nov_family

https://chroniclingamerica.loc.gov/lccn ... d-1/seq-1/
Attachments
headline.jpg
text.jpg
User avatar
Niner
Site Admin
Posts: 11513
Joined: Sat Mar 15, 2003 1:00 pm
Location: Lower Alabama

Re: THE FIRST WORLD WAR as reported in the daily news

Post by Niner » Fri Jun 29, 2018 9:15 am

This war isn't cheap. No wonder they were beating the drum for war bonds. The national debt had to have been growing enormously.

https://chroniclingamerica.loc.gov/lccn ... d-1/seq-1/
Attachments
moneyh.jpg
User avatar
DuncaninFrance
Global Moderator Sponsor 2011-2017
Posts: 10932
Joined: Fri Oct 06, 2006 3:08 pm
Location: S.W.France
Contact:

Re: THE FIRST WORLD WAR as reported in the daily news

Post by DuncaninFrance » Fri Jun 29, 2018 1:04 pm

So you can imagine what it has cost Great Britain and France so far :shock:
Duncan

What contemptible scoundrel has stolen the cork to my lunch? -- W.C. Fields
"Many of those who enjoy freedom know little of its price."
You can't fix Stupid, but you can occasionally head it off before it hurts something.
User avatar
Niner
Site Admin
Posts: 11513
Joined: Sat Mar 15, 2003 1:00 pm
Location: Lower Alabama

Re: THE FIRST WORLD WAR as reported in the daily news

Post by Niner » Fri Jun 29, 2018 1:43 pm

Britain and France were borrowing from the US. What did they care?
At the beginning of the 20th century the national debt stood at around 30 percent of GDP.[5] However, during World War I the British Government was forced to borrow heavily in order to finance the war effort. The national debt increased from £650m in 1914 to £7.4 billion in 1919.[7]

Britain borrowed heavily from the US during World War I, and many loans from this period remain in a curious state of limbo. In 1931, President Herbert Hoover announced a one-year moratorium on war loan repayments from all nations, due to the global economic crisis, but by 1934 Britain still owed the US $4.4bn of World War I debt (about £866m at 1934 exchange rates). Adjusted for inflation, that would amount to around £40bn today, and if adjusted by the growth of British GDP, to about £225 billion. During the Great Depression Britain ceased payments on these loans, but outstanding bonds such as the War Loan were finally paid off in 2015.[8][9]
User avatar
DuncaninFrance
Global Moderator Sponsor 2011-2017
Posts: 10932
Joined: Fri Oct 06, 2006 3:08 pm
Location: S.W.France
Contact:

Re: THE FIRST WORLD WAR as reported in the daily news

Post by DuncaninFrance » Sat Jun 30, 2018 2:42 am

It takes two to tango..........Someone has to lend to allow someone to borrow and they don't do it for love no matter what anyone said.
As is noted at the bottom of that piece, outstanding bonds such as the War Loan were finally paid off in 2015.
Duncan

What contemptible scoundrel has stolen the cork to my lunch? -- W.C. Fields
"Many of those who enjoy freedom know little of its price."
You can't fix Stupid, but you can occasionally head it off before it hurts something.
User avatar
Niner
Site Admin
Posts: 11513
Joined: Sat Mar 15, 2003 1:00 pm
Location: Lower Alabama

Re: THE FIRST WORLD WAR as reported in the daily news

Post by Niner » Sat Jun 30, 2018 11:13 am

Americans never met a war that they didn't want to finance or participate in, or both. WWII, while Britain was still paying off WWI required more borrowing:
During World War II the Government was again forced to borrow heavily in order to finance war with the Axis powers. By the end of the conflict Britain's debt exceeded 200 percent of GDP, as it had done after the end of the Napoleonic Wars.[5] As during World War I, the US again provided the major source of funds, this time via low-interest loans and also through the Lend Lease Act. Even at the end of the war Britain needed American financial assistance, and in 1945 Britain took a loan for $586 million (about £145 million at 1945 exchange rates), and in addition a further $3.7 billion line of credit (about £930m at 1945 exchange rates). The debt was to be paid off in 50 annual repayments commencing in 1950. Some of these loans were only paid off in the early 21st century. On 31 December 2006, Britain made a final payment of about $83m (£45.5m) and thereby discharged the last of its war loans from the US.

By the end of World War II Britain had amassed an immense debt of £21 billion. Much of this was held in foreign hands, with around £3.4 billion being owed overseas (mainly to creditors in the United States), a sum which represented around one third of annual GDP.[10]
https://en.wikipedia.org/wiki/History_o ... ional_debt

The question in my mind is..... how did the Germans finance WWI or later WWII? Maybe an enormous inflation in German currency had something to do with nullifying the German war debt? Maybe the territory it captured provided wealth convertible into war material?
User avatar
Niner
Site Admin
Posts: 11513
Joined: Sat Mar 15, 2003 1:00 pm
Location: Lower Alabama

Re: THE FIRST WORLD WAR as reported in the daily news

Post by Niner » Sat Jun 30, 2018 11:21 pm

Attachments
tea.jpg
User avatar
DuncaninFrance
Global Moderator Sponsor 2011-2017
Posts: 10932
Joined: Fri Oct 06, 2006 3:08 pm
Location: S.W.France
Contact:

Re: THE FIRST WORLD WAR as reported in the daily news

Post by DuncaninFrance » Sun Jul 01, 2018 4:53 am

Tea is why America never had an Empire :lol: :lol: :GBR:
Duncan

What contemptible scoundrel has stolen the cork to my lunch? -- W.C. Fields
"Many of those who enjoy freedom know little of its price."
You can't fix Stupid, but you can occasionally head it off before it hurts something.
User avatar
Niner Delta
Global Moderator Sponsor 2011-2017
Posts: 4866
Joined: Fri Apr 09, 2004 10:51 pm
Location: Sequim, WA

Re: THE FIRST WORLD WAR as reported in the daily news

Post by Niner Delta » Wed Jul 04, 2018 7:23 pm

We wanted the countries that had coffee beans.... :lol:

.
:USA:

Peace is that brief, quiet moment in history.......... when everybody stands around reloading.
Post Reply