Peace And War in Europe
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From the point of view of private citizens Germany was both a debtor and a creditor country, using foreign capital to a consider- able extent, but also owning vast foreign investments, and here also the balance was greatly in her favour. If Germany chose to cease her military and naval expenditure, she could pay an indemnity of two thou- sand millions sterling without being a penny worse off. As to how much she could pay without be- coming seriously impoverished, without, for example, being red...uced to the average economic status of the British Empire, a correct calculation would un- doubtedly run into enormous figures. It is obviously an understatement to say that Germany's power of production is ten times as great as that of the United Kingdom after Waterloo. Yet our National Debt was then close on 900, 000, 000, and that did not cripple the national energies, nor stop the rapid increase in population and industrial efficiency. The inference is obvious. 2. Rectification of Boundaries.
What to read after Peace And War in Europe?
You can find similar books in the "Read Also" column, or choose other free books by Slater, Gilbert, 1864-1938 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
From the point of view of private citizens Germany was both a debtor and a creditor country, using foreign capital to a consider- able extent, but also owning vast foreign investments, and here also the balance was greatly in her favour. If Germany chose to cease her military and naval expenditure, she could pay an indemnity of two thou- sand millions sterling without being a penny worse off. As to how much she could pay without be- coming seriously impoverished, without, for example, being red...uced to the average economic status of the British Empire, a correct calculation would un- doubtedly run into enormous figures. It is obviously an understatement to say that Germany's power of production is ten times as great as that of the United Kingdom after Waterloo. Yet our National Debt was then close on 900, 000, 000, and that did not cripple the national energies, nor stop the rapid increase in population and industrial efficiency. The inference is obvious. 2. Rectification of Boundaries.
What to read after Peace And War in Europe?
You can find similar books in the "Read Also" column, or choose other free books by Slater, Gilbert, 1864-1938 to read onlineMoreLess
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