Crony capitalists do well during wartime. There is a lot of money to be made in guns, bombs, and death. World War I, or as it was called, “The Great War” was the first time such destruction (and war commerce) was wrought on a global scale. I personally find it a fascinating time.
Consider that the Federal Reserve, the income tax, the plane, the tank, the machine gun, chemical warfare, The Soviet Union, and the First World War itself were all born within a few years of each other. It was a time of massive change and rising statism. Those few years in many respects defined the next 100.