Asked • 06/26/19

Was Smedley Butler right when he said 21,000 million/billionaires were created from World War I?

In his book entitled "War is a Racket" Smedley Butler argues that the profit of war is counted in bodies and money spent. He also wrote that 21,000 millionaires/billionaires were made from World War I. Is this true? If it is true, how did these people become so wealthy? > "In the World War [I] a mere handful garnered the profits of the > conflict. At least 21,000 new millionaires and billionaires were made > in the United States during the World War. That many admitted their > huge blood gains in their income tax returns. How many other war > millionaires falsified their tax returns no one knows." -quote from an online PDF copy of the book "War is a Racket" by Smedley Butler

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MARK B. answered • 06/26/19

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