CHAPTER III. Trade During the War, 57

TRADE DURING THE WAR, 57

TRADE LIVES ON INCREASING DEMAND, 65

WAR A FORM OF DESTRUCTION, 66

WAR STANDS TO BENEFIT NEUTRAL AS WELL AS BELLIGERENT NATIONS BUT NOT TO THE SAME EXTENT, 69

THE GREATER THE CAPITAL, THE GREATER THE WAR PROFIT, 71

THE BLESSINGS OF INVASION, 72

THE LUXURY TRADES DON'T DO SO BADLY, 74

TRADE PROFITS IN WAR NOT SHARED BY THE NATION BUT CONFINED TO EMPLOYERS, 77

TRADE PROFIT AND NATIONAL LOSS, 82

APPENDIX: SOME TYPICAL WAR PROFITS, 125