Expenses during the war:—direct expenses, destruction of property, loss of producing power, etc.
Expenses after the war:—pensions, interest on bonds, etc.
“In determining the cost of a war,” says one writer,[[36]] “the items to be considered may be set down as follows:
(1) Preparations for prospective wars
(2) Direct expenditures
(3) Indirect losses
(a) Destruction and depreciation of property (b) Labor value wasted (c) Damage to trade (d) Displacement of capital
(4) Subsequent expenditures
(a) Compensation for property destroyed (b) Pensions and relief for the distressed (c) Interest on debt incurred
(5) Deterioration of population