Publisher's Synopsis
Excerpt from Address by A. C. Miller, Member, Federal Reserve Board: Delivered at Philadelphia, Saturday Evening, December 21, 1918, Before the American Academy of Political and Social Science
It will help much, I believe, to put us in the right frame of mind toward our after-war problems if we substitute for the word 'reconstruction' the less ambitious but nevertheless suggestive phrase used by the President the other day in his address to Congress, of 'economic and industrial readjustment.'
Europe's Problem: Reconstruction
Contrast for a moment our situation with that of the European belligerents, which have had four years of war. Sixty millions of men at one time or another have been drawn to the front. Two or three times that number have been drawn into work so closely related to operations on the front that they were virtually in the line of battle, so far as the normal processes of economic and industrial life were concerned.
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