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April 22, 1918

The Chancellor of the British Exchequer presents the largest budget in world history, predicting the British spend on arms, backed by American loans will bankrupt Germany. President Wilson intervened to persuade the Senate to stop the consideration of a bill that would turn the espionage prosecutions over to a military board.

Source: "Law Predicts Bankruptcy," Wheeling Intelligencer, Wheeling, West Virginia, April 22, 1918. Page 1, Column 6.

Earlier Event: April 21
April 21, 1918
Later Event: April 23
April 23, 1918