Limitation of War Profits

Abstract

The large profits made by manufacturers of war materials 1 disclosed in the recent Congressional investigation 2 have shocked the public. The high salaries and handsome bonuses 3 reported are in sharp contrast to the wages of the men in our armed forces. The resulting pressure on Congress for some limitation upon war profits has resulted in a number of proposals and several bills. Before considering these, it may be well to take a look at pre-war legislation limiting the profits which contractors could make on contracts for ships and airplanes.