The Stock Market Barometer: a Study of Its Forecast Value Based On Charles H ...
The Stock Market Barometer: a Study of Its Forecast Value Based On Charles H ...
William Peter Hamilton
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But what would they have been with France crushed, Bel- gium enslaved, Italy in a^ state of anarchy. Great Britain ruined, bankrupt and unable to feed herself, with her merchant marine destroyed? What would have been the burden of the hundreds of billions of ransom Germany would have laid upon the world? How should we have liked her for a neighbor in the Caribbean? There has been a disintegration of nations, or perhaps a rebirth of nationalities (some possibly spurious), which has produced suff...iciently grave consequences. But what would have happened to the world if the British Empire had been brought to irrecoverable wreck? Such a possibility might well daunt the staunchest heart, but the stock market faced it, in 19 17. It asked itself exactly these questions. Admiral Sims has told us since how desperate was the condition which the allies at that time confidentially admitted. It was not until the end of that year that our assistance became effective, although we had gone to war, largely un- prepared, in the spring.
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