The British Government believed that there were sources of wealth that
could be tapped for reparations, if only sufficient pressure were
brought to bear. Germany was an industrial nation, like Great Britain,
and her statesmen and captains of industry knew that rehabilitation
in world markets depended upon doing the right thing in the way of
reparations. The British contended that the bill should be cut down if
Germany made a decent effort to meet her creditors half-way, and that
if a bit of bribing accompanied the bullying the question could be
settled to the satisfaction of all parties concerned. The British were
eager to see an end to the upset condition of Europe, which retarded
seriously the recovery of trade upon which they were dependent. The
economic aspect of the reparations question was paramount, if British
interests were to be protected; and Bonar Law was no more ready to
ignore the economic considerations than Lloyd George had been.
To the French the recovery of reparations from Germany had been a
political question from the time the Treaty of Versailles was signed.
The guarantees for the execution of the treaty provided by the
Rhineland occupation were deemed insufficient. The Cologne area, south
of the Ruhr, was to be evacuated in 1924, the Coblenz area in 1929,
and the last troops withdrawn from the Mainz area in 1934. If this
progressive evacuation were allowed to take place, where would France
stand after fifteen years? Economists, financial experts, and bankers
might argue convincingly about the best plan for getting reparations
from Germany. France could not afford to agree to any practical program
for reparations. For if she did, and Germany paid up, the Rhine
frontier and the sword kept pointed at the heart of industrial Germany
would no longer be possible. Rid of her enemies, Germany would swiftly
prepare a war of revenge. Poincaré had explained the determination
of France to take extreme measures on the ground that without large
sums from Germany, immediately paid, France would be unable to avoid
a financial crash. But the money really mattered little. The prime
consideration was to make France secure by rendering Germany impotent.
The Bonar Law proposals afforded Germany an opportunity to break loose
from the strangle-hold of France. To prevent this French public opinion
was behind Poincaré in risking the disruption of the Entente.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account