Germany -- Foreign relations; World War, 1914-1918; World War, 1914-1918 -- Economic aspects
The record of the economic invasion of Roumania by the Teuton,[62]
supplemented as it was by various complex auxiliary movements of a
political character, supplies us with a fresh variation of the trite
text that Germany conceived her plan on a vast scale and executed it
by co-operation between the State and the individuals, leaving nothing
to chance which could be settled by forethought. The ruler of the
country was a Hohenzollern, and as he wielded absolute power in
matters connected with foreign policy, he had a free hand and kept it
efficaciously employed. For over thirty years King Carol transacted
the international business of the realm--economic as well as
political--with assiduity, conscientiousness and a fair meed of
success. He encouraged industry and commerce, and welcomed German and
Austrian capital and enterprise. The upshot of his exertions was that
in the fullness of time his kingdom, like those of Italy, Bulgaria and
Turkey, became to most intents a nascent Teutonic colony. In Roumania,
as in Bulgaria, the commercial methods and business ways are German.
The heads of banking establishments and great industries are either
Teutons or friends of Teutons. Nearly every big enterprise, commercial
and industrial, was launched and kept afloat by capital from the
Fatherland. The Discount Bank in Berlin has a vast cellar filled with
Roumanian bonds, shares and other securities. So close are the ties
that connect the little state with the great empire that even the
Roumanian railways have a special convention with those of Prussia.
Here, then, as everywhere else, we are in presence of intelligence
wedded to politico-economic enterprise. Individual German firms and
the Government worked hand in hand; diplomacy, trade and commerce
moved steadily towards the same goal, and attained it.
[62] Roumania's annual imports from Austria-Hungary,
according to the latest available statistics, were valued at
136,906,000 francs; from Germany at 183,713,000; and from
Great Britain at only 85,470,000 francs. France exported
thither goods valued at no more than 35,273,000 francs.
Public-domain text, read in full here on John Shaqi.
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