Raw Materials, Rationing, and Procurement The war had scarcely begun before the mass armies ran short of vital raw materials and replacement supplies. State intervention in the procurement and distribution of raw materials followed in the warring nations’ economies with the goal of making maximum use of the raw materials available for the war effort. This effort was linked with intense efforts to depress private consumption. To this end, the state intervened in the economy to requisition and distribu…

War Credits War credits were one of the crucial means of financing the war. They were raised in various forms, by various methods, and in various amounts, by all belligerent nations at home and sometimes abroad. War credits were necessary because some elements of normal state receipts fell drastically upon the outbreak of war, while the financial burden abruptly multiplied. War credits were raised at home in the form of short- or long-term government bonds, or by increasing the amount of paper cur…