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Clark tried to estimate what an economist would name the resource price of the war. John Maurice Clark provided what is still essentially the most detailed and thoughtful estimate of the cost of the war; a total quantity of about $32 billion. The loss of life rate was excessive: 48,909 members of the armed forces died in battle, and 63,523 died from disease. The War Industries Board, for instance, was in operation just for a complete of sixteen months; Bernard Baruch’s tenure was only eight months. When the war ended in November 1918 most of the businesses instantly wound up their actions. A lot of those who died from illness, maybe 40,000, died from pneumonia throughout the influenza-pneumonia epidemic that hit at the end of the conflict. Some 230,074 members of the armed forces suffered nonmortal wounds. The human and financial prices of the conflict had been substantial. Obviously only limited conclusions can be drawn from these experiments. Only the Railroad Administration and the Warfare Transport Board continued to operate.
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