Yves Guyot, the French economist, estimates that the first six

months of war cost western Europe in cash $5,400,000,000, to
which should be added further destruction estimated at
$11,600,000,000, making a total of $17,000,000,000
Yves Guyot, the French economist, estimates that the first six
months of war cost western Europe in cash $5,400,000,000, to
which should be added further destruction estimated at
$11,600,000,000, making a total of $17,000,000,000. The entire
amount of coin in the world is less than $12,000,000,000. Edgar
Crammond, secretary of the Liverpool Stock Exchange, another
high authority, estimates the cash cost of a year of war, to
August 1, 1915, at $17,000,000,000, while other losses will
mount up to make a grand total of $46,000,000,000. Mr. Crammond
estimates that the cost to Great Britain for a year of war will
reach $3,500,000,000. This sum is about equivalent to the
accumulated war debt of Great Britain for a hundred years
before the war. The war debt of Germany (including Prussia) is
now about the same.