An Enquiry Into Some of the Causes of Fluctuations in Trade: a Lecture ...

Cover An Enquiry Into Some of the Causes of Fluctuations in Trade: a Lecture ...
An Enquiry Into Some of the Causes of Fluctuations in Trade: a Lecture ...
Charles Gardner
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Within six weeks of its outbreak, the French Emperor surrendered with his army at Sedan ; within six months the victorious Germans were encamped within the walls of Paris. The cost to France of this brief but disastrous struggle has been estimated by a very competent authority at no less a sum than seven hundred million pounds ster- ling. It is worth while to note one or two of the leading features of this estimate.* The direct losses defrayed by war credits of the Government were ;^i 20,000,00...0 The fines and requisitions levied on occupied districts were - 44,000,000 The capital value of war pensions, 5,000,000 Total direct expenses, ;^i 69,000,000 ♦ For the estimates here given, and for those relating to the German outlays, infra, P- 25. I am indebted to my friend, Mr. Robert GifTen, chief of the Statistical department of the Board of Trade, who, in 1872, made a very careful and exhaustive examination into the financial effects of the Franco-German war.
Appended to the second French edition of Mr.


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