HI109 Lecture Notes - Free Trade
Document Summary
1871 german empire had been proclaimed in versailles. Only way french can pay for the war is to get money from germany: not necessarily extracting money due to animosities. German submarine campaign sinks millions of tons of goods. Demobilization of wartime economies: oil, ammo, foodstuffs for war. Britain liquidates international markets to pay america. America takes some of britain"s markets: britain can"t produce enough. French territory overrun and want compensation: owe britain a large debt. Both sides cannot compromise or else the imperial system will collapse. German army defeated on the field of battle in belgium: allies in position to invade. German propaganda under nazi"s postulates that germany didn"t lose on a fair field of battle. Empires war because they have a threat to the state because of different nationalities. Non-europeans would also be included (south africa could separate: so not liked by some of wilson"s allies. Less temptation to result to armed force.
