Huges profits are made by large corporations during a time of war. Lets Take WWI as an example.
It has been estimated by statisticians and economists and researchers that the war cost your Uncle Sam $52,000,000,000. Of this sum, $39,000,000,000 was expended in the actual war itself. This expenditure yielded $16,000,000,000 in profits. That is how the 21,000 billionaires and millionaires got that way. This $16,000,000,000 profits is not to be sneezed at. It is quite a tidy sum. And it went to a very few.
Take our friends the du Ponts, the powder people - didn't one of them testify before a Senate committee recently that their powder won the war? Or saved the world for democracy? Or something? How did they do in the war? They were a patriotic corporation. Well, the average earnings of the du Ponts for the period 1910 to 1914 were $6,000,000 a year. It wasn't much, but the du Ponts managed to get along on it. Now let's look at their average yearly profit during the war years, 1914 to 1918. Fifty-eight million dollars a year profit we find! Nearly ten times that of normal times, and the profits of normal times were pretty good. An increase in profits of more than 950 per cent.
Take one of our little steel companies that patriotically shunted aside the making of rails and girders and bridges to manufacture war materials. Well, their 1910-1914 yearly earnings averaged $6,000,000. Then came the war. And, like loyal citizens, Bethlehem Steel promptly turned to munitions making. Did their profits jump - or did they let Uncle Sam in for a bargain? Well, their 1914-1918 average was $49,000,000 a year!
Or, let's take United States Steel. The normal earnings during the five-year period prior to the war were $105,000,000 a year. Not bad. Then along came the war and up went the profits. The average yearly profit for the period 1914-1918 was $240,000,000. Not bad.
There you have some of the steel and powder earnings. Let's look at something else. A little copper, perhaps. That always does well in war times.
Anaconda, for instance. Average yearly earnings during the pre-war years 1910-1914 of $10,000,000. During the war years 1914-1918 profits leaped to $34,000,000 per year.
Or Utah Copper. Average of $5,000,000 per year during the 1910-1914 period. Jumped to an average of $21,000,000 yearly profits for the war period.
Let's group these five, with three smaller companies. The total yearly average profits of the pre-war period 1910-1914 were $137,480,000. Then along came the war. The average yearly profits for this group skyrocketed to $408,300,000.
A little increase in profits of approximately 200 per cent.
Take our friends the du Ponts, the powder people - didn't one of them testify before a Senate committee recently that their powder won the war? Or saved the world for democracy? Or something? How did they do in the war? They were a patriotic corporation. Well, the average earnings of the du Ponts for the period 1910 to 1914 were $6,000,000 a year. It wasn't much, but the du Ponts managed to get along on it. Now let's look at their average yearly profit during the war years, 1914 to 1918. Fifty-eight million dollars a year profit we find! Nearly ten times that of normal times, and the profits of normal times were pretty good. An increase in profits of more than 950 per cent.
Take one of our little steel companies that patriotically shunted aside the making of rails and girders and bridges to manufacture war materials. Well, their 1910-1914 yearly earnings averaged $6,000,000. Then came the war. And, like loyal citizens, Bethlehem Steel promptly turned to munitions making. Did their profits jump - or did they let Uncle Sam in for a bargain? Well, their 1914-1918 average was $49,000,000 a year!
Or, let's take United States Steel. The normal earnings during the five-year period prior to the war were $105,000,000 a year. Not bad. Then along came the war and up went the profits. The average yearly profit for the period 1914-1918 was $240,000,000. Not bad.
There you have some of the steel and powder earnings. Let's look at something else. A little copper, perhaps. That always does well in war times.
Anaconda, for instance. Average yearly earnings during the pre-war years 1910-1914 of $10,000,000. During the war years 1914-1918 profits leaped to $34,000,000 per year.
Or Utah Copper. Average of $5,000,000 per year during the 1910-1914 period. Jumped to an average of $21,000,000 yearly profits for the war period.
Let's group these five, with three smaller companies. The total yearly average profits of the pre-war period 1910-1914 were $137,480,000. Then along came the war. The average yearly profits for this group skyrocketed to $408,300,000.
A little increase in profits of approximately 200 per cent.
Lusitania
At 1.20pm on 7th May 1915, the U-20, only ten miles from the coast of Ireland, surfaced to recharge her batteries. Soon afterwards Captain Schwieger, the commander of the German U-Boat, observed the Lusitania in the distance. Schwieger gave the order to advance on the liner. The U20 had been at sea for seven days and had already sunk two liners and only had two torpedoes left. He fired the first one from a distance of 700 metres. Watching through his periscope it soon became clear that the Lusitania was going down and so he decided against using his second torpedo.
After a second, larger explosion, the Lusitania rolled over and sank in eighteen minutes. A total of 1,198 people died (785 passengers and 413 crew). Those killed included 128 US citizens.
The sinking of the Lusitania had a profound impact on public opinion in the United States. The German government apologized for the incident, but claimed its U-boat only fired one torpedo and the second explosion was a result of a secret cargo of heavy munitions on the ship. If this true, Britain was guilty of breaking the rules of warfare by using a civilian ship to carry ammunition. British authorities rejected this charge and claimed that the second explosion was caused by coal dust igniting in the ship's almost empty bunkers.
British steamship of the Cunard Line, torpedoed without warning during World War I by a German submarine on May 7, 1915, off the southern coast of Ireland. The ship sank in less than 20 minutes with the loss of 1198 persons, including 128 Americans. The Germans asserted that the ship was carrying arms for the Allies (which later research proved to be true) and that Americans had been warned against taking passage on British vessels in a notice that had appeared in morning newspapers on the day the ship sailed from New York City.
Popular feeling against the Germans rose to a high pitch in the U.S. because of the Lusitania disaster, and strong sentiment developed for declaring war on Germany. President Woodrow Wilson chose a diplomatic course, however, and sent the German foreign ministry three successive notes, demanding that Germany disavow the sinking and make reparations. Germany refused to accept responsibility for the tragedy but did agree to make reparations and to sink no more passenger liners without warning.
After a second, larger explosion, the Lusitania rolled over and sank in eighteen minutes. A total of 1,198 people died (785 passengers and 413 crew). Those killed included 128 US citizens.
The sinking of the Lusitania had a profound impact on public opinion in the United States. The German government apologized for the incident, but claimed its U-boat only fired one torpedo and the second explosion was a result of a secret cargo of heavy munitions on the ship. If this true, Britain was guilty of breaking the rules of warfare by using a civilian ship to carry ammunition. British authorities rejected this charge and claimed that the second explosion was caused by coal dust igniting in the ship's almost empty bunkers.
British steamship of the Cunard Line, torpedoed without warning during World War I by a German submarine on May 7, 1915, off the southern coast of Ireland. The ship sank in less than 20 minutes with the loss of 1198 persons, including 128 Americans. The Germans asserted that the ship was carrying arms for the Allies (which later research proved to be true) and that Americans had been warned against taking passage on British vessels in a notice that had appeared in morning newspapers on the day the ship sailed from New York City.
Popular feeling against the Germans rose to a high pitch in the U.S. because of the Lusitania disaster, and strong sentiment developed for declaring war on Germany. President Woodrow Wilson chose a diplomatic course, however, and sent the German foreign ministry three successive notes, demanding that Germany disavow the sinking and make reparations. Germany refused to accept responsibility for the tragedy but did agree to make reparations and to sink no more passenger liners without warning.
Deception and lies! This is the price we pay for allowing these people to control us.
Winston Churchill and Woodrow Wilson, in an operation financed by the major banking houses, arranged for the shipment of weapons on the Lusitania in May of 1915. The Lusitania luxury ocean liner was owned by the Cunard Steamship Line Shipping Company and officially part of the British auxiliary navy. The ship's owners were paid £218,000 a year (£150,000 for reserve military service and £68,000 to carry Royal mail). As an auxiliary naval ship, the Lusitania was under orders from the British Admiralty to ram any German ship seeking to inspect her cargo. In 1915, it was against U.S. law to put weapons on a passenger ship traveling to England or Germany.
Three German spies attempted to confirm that the 90 tons of unrefrigerated butter destined for a British naval base were weapons and ammunition. The spies were detained on the ship. The weapons loaded on the Lusitania were seen by the German dock workers and reported to the German embassy. To warn Americans about the weapons shipment, the Imperial German Embassy attempted to place an advertisement in 50 East Coast newspapers. The ads were printed with a date of April 22, 1915, but the US State Department blocked all the ads except one. George Viereck, the man who placed the ads for the embassy, protested to the State Department on April 26 that the ads were blocked. Viereck met with Secretary of State William Jennings Bryan and produced copies of the Lusitania's supplementary manifests. Bryan, impressed by the evidence that the Lusitania had carried weapons, cleared publication of the warning. Someone higher than the Secretary of State, likely Colonel House and President Wilson, overruled Bryan. Nonetheless one ad slipped past the State Department censorship. The single that slipped past the government censors appeared in the Des Moines Register (and is shown below).
The warning read: "NOTICE! Travellers intending to embark on the Atlantic voyage are reminded that a state of war exists between Germany and her allies and Great Britain and her allies; that the zone of war includes the waters adjacent to the British Isles; that, in accordance with formal notice given by the Imperial German Government, vessels flying the flag of Great Britain, or any of her allies, are liable to destruction in those waters and that travellers sailing in the war zone on ships of Great Britain or her allies do so at their own risk. IMPERIAL GERMAN EMBASSY WASHINGTON, D.C., APRIL 22, 1915."
Three German spies attempted to confirm that the 90 tons of unrefrigerated butter destined for a British naval base were weapons and ammunition. The spies were detained on the ship. The weapons loaded on the Lusitania were seen by the German dock workers and reported to the German embassy. To warn Americans about the weapons shipment, the Imperial German Embassy attempted to place an advertisement in 50 East Coast newspapers. The ads were printed with a date of April 22, 1915, but the US State Department blocked all the ads except one. George Viereck, the man who placed the ads for the embassy, protested to the State Department on April 26 that the ads were blocked. Viereck met with Secretary of State William Jennings Bryan and produced copies of the Lusitania's supplementary manifests. Bryan, impressed by the evidence that the Lusitania had carried weapons, cleared publication of the warning. Someone higher than the Secretary of State, likely Colonel House and President Wilson, overruled Bryan. Nonetheless one ad slipped past the State Department censorship. The single that slipped past the government censors appeared in the Des Moines Register (and is shown below).
The warning read: "NOTICE! Travellers intending to embark on the Atlantic voyage are reminded that a state of war exists between Germany and her allies and Great Britain and her allies; that the zone of war includes the waters adjacent to the British Isles; that, in accordance with formal notice given by the Imperial German Government, vessels flying the flag of Great Britain, or any of her allies, are liable to destruction in those waters and that travellers sailing in the war zone on ships of Great Britain or her allies do so at their own risk. IMPERIAL GERMAN EMBASSY WASHINGTON, D.C., APRIL 22, 1915."
The Truth of the matter.
Authors have written for many years that 1,201 people were sacrificed on the Lusitania to create a reason for the US to enter World War I. Historian Howard Zinn wrote in A People's History of the United States, that the Lusitania carried 1,248 cases of 3-inch shells, 4,927 boxes of cartridges (1,000 rounds in each box), and 2,000 more cases of small-arms ammunition. Colin Simpson claims Churchill conspired to put the Lusitania in danger with the hope of sparking an incident to bring America into World War I. Historian Patrick Beesely supports Simpson's assessment.12 Christopher Hitchens' book, Blood Class and Nostalgia, further proves the responsibility of First Lord of the Admiralty Winston Churchill in a deliberate action to pull America into World War I. History professor Ralph Raico and senior scholar of the Ludwig von Mises Institute notes13 Churchill wrote the week prior to the Lusitania sinking that it was "most important to attract neutral shipping to our shores, in the hopes especially of embroiling the United States with Germany."
In the 1930s when the identities of the Federal Reserve designers began to surface. On May 23, 1933, Congressman Louis T. McFadden brought formal charges against the Board of the Federal Reserve Bank system, where he accused them of war profiteering.
He said: "Some people who think that the Federal Reserve Banks are United States Government institutions. They are private monopolies which prey upon the people of these United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; and rich and predatory money lender. In that dark crew of financial pirates there are those who would cut a man's throat to get a dollar out of his pocket; there are those who send money into states to buy votes to control our legislatures; there are those who maintain International propaganda for the purpose of deceiving us into granting of new concessions which will permit them to cover up their past misdeeds and set again in motion their gigantic train of crime.
These twelve private credit monopolies were deceitfully and disloyally foisted upon this Country by the bankers who came here from Europe and repaid our hospitality by undermining our American institutions. Those bankers took money out of this Country to finance Japan in a war against Russia%u2026Mr. Chairman, there should be no partisanship in matters concerning banking and currency affairs in this Country, and I do not speak with any
In the 1930s when the identities of the Federal Reserve designers began to surface. On May 23, 1933, Congressman Louis T. McFadden brought formal charges against the Board of the Federal Reserve Bank system, where he accused them of war profiteering.
He said: "Some people who think that the Federal Reserve Banks are United States Government institutions. They are private monopolies which prey upon the people of these United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; and rich and predatory money lender. In that dark crew of financial pirates there are those who would cut a man's throat to get a dollar out of his pocket; there are those who send money into states to buy votes to control our legislatures; there are those who maintain International propaganda for the purpose of deceiving us into granting of new concessions which will permit them to cover up their past misdeeds and set again in motion their gigantic train of crime.
These twelve private credit monopolies were deceitfully and disloyally foisted upon this Country by the bankers who came here from Europe and repaid our hospitality by undermining our American institutions. Those bankers took money out of this Country to finance Japan in a war against Russia%u2026Mr. Chairman, there should be no partisanship in matters concerning banking and currency affairs in this Country, and I do not speak with any
Great Stuff on Amazon
The Iman-1 Blog
- Iman-1
- Information on the Christian Living
- Bob's Blog
- Christan Blog on how to live in today's world.
by infoman55
infoman55
Just a guy trying to help others gain information on a variety of subjects.
- 4 featured lenses
- Winner of 3 trophies!
- Top lens » The Rockefellers
Feeling creative?
Create a Lens!
Explore related pages
- Downton Abbey Season 2 Downton Abbey Season 2
- RMS Lancastria - the forgotten tragedy RMS Lancastria - the forgotten tragedy
- Visit D-Day Beaches in Normandy Visit D-Day Beaches in Normandy
- Movie Gifts -- BBC Dramas Movie Gifts -- BBC Dramas
- Rune Factory: Frontier Crop Profits Rune Factory: Frontier Crop Profits
- Wild Birds in Migration Resettle With the Seasons Wild Birds in Migration Resettle With the Seasons
