Germany -- Foreign relations; World War, 1914-1918; World War, 1914-1918 -- Economic aspects
Thus the entire political history of Entente diplomacy during this war
may be summarized as a series of attempts on the part of the Allies to
undo some of the effects of the masterstrokes executed by Germany
during the years of abundance which she owed to the favoured-nation
clause, British free trade and kindred economic concessions.
Interpenetration is the term by which the process has been known ever
since Count Witte essayed it in Manchuria and China.
The German procedure was simple, yet effective withal. Funds were
borrowed mainly in France, Britain, Belgium, where investors are often
timid and bankers are unenterprising. And then operations were begun.
The first aim pursued and attained was to acquire control of the
foreign trade of the country experimented on. With this object in view
banks of credit were established which lavished on German traders
every help, information and encouragement. Men of Teuton nationality
settled in the land as heads of firms, as clerks without salary,
private secretaries, foremen, correspondents, and rapidly contrived to
get command of the main arteries of the economic organism. German
manufactures soon flooded the country, because those who undertook to
import them could count on extensive credit from the institutions
founded with the money of the very nations whose trade they were
engaged in killing. In this way the competition, not only of all
Entente peoples but also of the natives of the country experimented
on, was systematically choked. And the customers of these banks,
natives as well as Teutons, became apostles of German influence.
Insensibly the great industrial concerns of the place passed into the
possession of German banks, behind which stood the German empire. A
nucleus of influential business people, having been thus equipped for
action, incessantly propagated the German political faith. German
schools were established and subsidized by the _Deutscher
Schulverein_, clubs opened, musical societies formed, and newspapers
supported or founded, to consolidate the achievements of the
financiers. On political circles, especially in constitutional lands,
the influence of this Teutonic phalanx was profound and lasting.
Public-domain text, read in full here on John Shaqi.
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