Nature and Scope of War Finance

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Presents the nature and technique of war finance, its impact on other segments of the national economy, and its correlation with current mobilization planning. Reviews the methods of financing wars prior to World War I and the effects of those methods on the national economy. Traces the development of more modern methods of war finance during and since World War I as wars more deeply involve the whole of the national economy. Analysis the methods of war finance as employed in the united States and other major powers during World War II. Develops the nature and technique of war finance most suitable for the United States application in future wars showing the objectives of modern war finance and the methods and techniques to be employed of modern war finance and the methods and techniques to be employed to achieve those objectives. Evaluates the application of those methods and techniques in the current planning for mobilization, outlining in brief the organization and functions of the control agencies and the operating agencies charged with war finance responsibilities. Makes specific recommendations concerning improvement in mobilization planning with respect to war finance.