Abstract

Demobilization Day - A Preview
Chase, Stuart | October 2, 1943 issue

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The U.S. economic system promises to look like something from the back of the moon. Any prophet who might have been bold enough to picture it in 1940 would have been run in by the police as mentally unbalanced. One can remember the blank, terrified stares of a group of business men when it was revealed that in 1940 the national debt would presently go over one hundred billion dollars if the U.S. entered World War II. When the war ends, the national debt will stand at two to three hundred billion dollars, according to bank presidents, chiefs of great insurance companies and other financial experts.

See Also:

UNITED States -- Economic conditions; WORLD War, 1939-1945; ECONOMIC systems; DEBTS, Public; INTERNATIONAL relations; UNITED States
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