How Britain Finances the War

Sternberg, Fritz
July 1944
New Republic;7/17/44, Vol. 111 Issue 3, p69
Presents information on the way in which Great Britain finances the World War II. View that the way in which Britain is financing the war is an essential factor in strengthening and preserving her social stability; Information that in contrast to imperial Germany, Britain even in the First World War raised a considerable portion of her War expenditures through taxation; Soundness of the Britain's State finances during the period between the two world wars; Confidence of the British middle class in their state; View that the German middle classes lost their property, as a result of inflation, and their economic disintegration was one of the decisive factors in the rise of National Socialism; Details of the breakdown of the British expenditure; Britain's successful fight against inflation; Claim that only to a comparatively small degree have the British people paid for increased war-material production with a decline in consumption.


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