World Armament Cost, Daily Racing Form, 1938-10-04

WORLD ARMAMENT COST WASHINGTON, D. C, Oct. 3. The Foreign Policy Association reported that world armament expenditures in 1938 would total more than 7,000,000,000, a "phenomenal increase" from the ,000,000,000 expenditure of 1933. Every industrial nation is confronted with the question of how long its national economy can stand such expenditures. 0