HARPER'S PICTORIAL LIBRARY
OF THE WORLD WAR
_In Twelve Volumes
Profusely Illustrated_
VOLUME XII
THE GREAT RESULTS OF THE WAR
Economics and Finance, The Peace
Treaty, The League of Nations. Index
[Illustration: Painting by Frank Stick A Soldier of the Soil]
=HARPER'S PICTORIAL LIBRARY
OF THE WORLD WAR=
_In Twelve Volumes
Profusely Illustrated_
FOREWORD BY CHARLES W. ELIOT, PhD.
_President Emeritus, Harvard University_
VOLUME XII
The Great Results of the War
_Economics and Finance, The Treaty of Versailles
and League of Nations----Index_
WITH INTRODUCTION BY PROFESSOR IRVING FISHER, YALE UNIVERSITY
_Edited by_
DR. W. L. BEVAN, KENYON COLLEGE
_and_
DR. HUGO C. M. WENDEL, NEW YORK UNIVERSITY
GENERAL EDITORIAL BOARD
PROF. ALBERT BUSHNELL HART
Harvard University
GEN. DOUGLAS MACARTHUR, U.S.A.
Chief of Staff, 42nd Division
ADMIRAL ALBERT GLEAVES
U.S. Navy
PROF. W. O. STEVENS
U.S. Naval Academy, Annapolis
GEN. ULYSSES G. MCALEXANDER
U.S. Army
JOHN GRIER HIBBEN
President of Princeton University
J. B. W. GARDINER
Military Expert, _New York Times_
COMMANDER C. C. GILL, U.S.N.
Lecturer at Annapolis and aide
to Admiral Gleaves
HENRY NOBLE MACCRACKEN
President of Vassar College
PROF. E. R. A. SELIGMAN
Columbia University
DR. THEODORE F. JONES
Professor of History, New York
University
CARL SNYDER
PROF. JOHN SPENCER BASSETT
Professor of History, Smith College
MAJOR C. A. KING, JR.
History Department, West Point
HARPER & BROTHERS PUBLISHERS
NEW YORK AND LONDON
Established 1817
Copyright, 1920, by Harper & Brothers Printed in the United States of
America M-U
CONTENTS OF VOLUME XII PAGE
_Introduction_ Professor Irving Fisher vii
PART I
I. Economic Results of the War 1
II. Wartime Food and Price Problems 34
III. Industry and Labor in Wartime 65
IV. Government Control 87
V. The Money Cost of the War, Edwin R. A. Seligman 105
VI. American Business in the War, Grosvenor B. Clarkson 115
VII. The Liberty Loan Army, Guy Emerson 126
VIII. Food and the War, Vernon Kellogg 135
IX. The High Cost of Living, Director of the Council of 142
National Defense
PART II
I. The Peace Conference at Work, Thomas W. Lamont 149
II. Wilson's Fourteen Points 163
III. How the Peace Treaty Was Signed 165
IV. The Peace Treaty--Its Meaning to America, George W. 170
Wickersham
THE TREATY OF VERSAILLES AND THE COVENANT OF THE LEAGUE OF NATIONS
Preamble 179
Part I. The Covenant of the League of Nations 182