American Republic Quotes
There was a great deal of war profiteering during the American Revolution and Gerard thought that this was a negative indicator of prospects for America. Things actually got worse during the war of 1812 where there was war profiteering also and many in New England profited from selling supplies to the British enemy. Unfortunately, taking economic advantage of a wartime crisis has accompanied virtually every war in which we have become engaged. In WWII, the automobile industry virtually blackmailed the government into high profits if they would produce war material instead of cars, and the rapaciousness of Haliburton in the Iraq war became a national scandal. See George Washington’s comment on the time {624228}.