Excerpt from The Giant Hand: Our Mobilization and Control of Industry and Natural Resources, 1917-1918
Nor can it be pleaded that the country then would not have followed any leadership, even leadership as magnetic as the President's then was, into a program of war production during a time of peace, with all that such a program implied in the issue of bonds and the dislocation of normal industry. It is probably true that before the actual declaration of war the public would have been unwilling to mortgage itself for the billions which would have had to be spent to prepare America with an adequate armament; and true also that anything less than an adequate armament would scarcely have been worth the trouble. It is not contended here that the Administration should have attempted the actual production of war materials on a war scale. It is contended that an immense amount of pre liminary work in industrial preparedness might have been accomplished, and at a trifling cost. A word of warning from those to whom the public looked for its military protection, a statement of the necessities, and Congress, with the approval of the people, would have voted the few millions which the War Department would have required in financing a scientific and minute study of conditions in Europe and a remodeling of our own military and industrial plans and organization in conformity with the lessons which the Allies had learned.
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