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Harper's Pictorial Library of the World War, Volume XII

Note 23 — V—THE MONEY COST OF THE WAR Over $210,000,000,000 Spent by the Belligerents—How This Stupendous Sum Was Raised—What the War Cost Uncle Sam

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Obtained by considering the debt of the new Austria as representing 70 per cent of the debt of all the states which constituted the old empire.

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