Caption: War Publications - WWI Compilation 1923 - Article 47
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VIII. [ THE R O L E OF C A P I T A L Nature and F u n c t i o n of Capital 1. 2. 3. The importance of capital The creation of capital Varieties of capital (a) (b) (c) (d) (e) 4. Land and buildings. Roads and vehicles. Machinery and tools. Live stock. » Crops, materials, finished goods, money. , T h e uses of capital (a) Capital as an aid in production. (b) Capital as an instrument in war. 5. • T h e f o r m a t i o n , s t r u c t u r e , and operation of business enterprises (a) Independent business ventures. (b) Cooperating business ventures. 1. Cooperation in peace. 2. Cooperation in war. B. The adaptation of existing business enterprises to war work 1. 2. 3. Voluntary t r a n s i t i o n f r o m peace w o r k to war w a r k T r a n s i t i o n under the direction of the Government Illustrations of t r a n s i t i o n in (a) (b) (c) (d) C. The steel industry. The motor vehicle industry. The chemical industry. Other industries. The creation of new business enterprises f o r war w o r k 1. Provision for new capital (a) by private owners (b) through the war Finance corporation (c) by direct Government action. 20 \
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