Harper's Pictorial Library of the World War, Volume XII: The Great Results of the War

A historical account written in the early 20th century. This volume focuses on the economic and political outcomes of World War I, including the repercussions of the Treaty of Versailles and the formation of the League of Nations. The book provides insights into finance, government control, and the changing economic landscape resulting from the war, aiming to highlight the profound impact of the conflict on global society. The opening of this volume includes a foreword by Charles W. Eliot and an introduction by Professor Irving Fisher. It sets the stage by discussing the deep economic changes brought about by the war, emphasizing the high cost of living and its links to monetary policy. The text identifies critical issues arising from the war's aftermath, such as inflation and the challenges of reconstruction, while outlining the necessity of diagnosing economic problems rather than merely treating their symptoms. This section paints a vivid picture of the intersection of war and economics, presenting a discourse that remains relevant in understanding ongoing societal challenges.