During World War I (1914-1918) at least 21,000 new billionaires and millionaires were created in the USA according to Major General Smedley Darlington Butler (1881-1940); a man in receipt of two congressional medals of honour and a distinguished service medal.
In 1935, 4 years prior to the outbreak of World War II (1939-1946) he said: "For a great many years [...] I had a suspicion that war was a racket [...] Now that I see the international war clouds gathering, as they are today, I must face it and speak out."
In 1935 there were throughout the world at least 40,000,000 men under arms. "Yes," said Major General Butler, "they are getting ready for another war. Why shouldn't they? It pays high dividends."
The USA's brief participation in World War I (1914-1918) cost $52,000,000,000. So where did this money go? Who made the profits?
Butler lists the big profit takers: du Pont, Bethlehem Steel, United States Steel, Anaconda, Utah Copper, Central Leather Company, General Chemical Company, International Nickel Company, American Sugar Refining Company ... and so, and so on; not to mention 122 meat packers, 153 cotton manufacturers, 299 garment makers, 49 steel plants and 340 coal producers. And of course the bankers who financed the "war to end all wars" as it was called.