Th e declared profi ts of the public limited companies jumped from 4 percent on the eve of the war to 8 percent in 1917. Th e profi ts of iron and steel industries jumped from 6 percent to 17 percent, automobiles from 8 percent to 31 percent, and wool from 5 percent to 19 percent (Porisini 1975, 34).

Clara E. Mattei, The Capital Order, loc. 1653