Harper's Pictorial Library of the World War, Volume XII : $b The Great Results of the War
History
Harper's Pictorial Library of the World War, Volume XII : $b The Great Results of the War
League of Nations; Treaty of Versailles (1919 June 28); World War, 1914-1918; World War, 1914-1918 -- Economic aspects; World War, 1914-1918 -- Finance
"Even if Hindenburg's genius and German bravery won a complete
victory on land, even if the English Army fell into our hands
to the last man, and France was disarmed and had to submit to
Germany's terms, even then England and America could not be
compelled to the capitulation that the Pan-German word-heroes
prophesy daily. Even then they would blockade our coasts and
the war would continue at sea. And even if they could not or
would not do that, even if peace was concluded and all the
battles ended, they would still have a terrible weapon to use
against us. Our domestic economy can not exist permanently
without the wheat, the copper, and the cotton from America, the
nickel from Canada, the cotton from Egypt and India, the
phosphates from the North African coasts, the rubber from the
English tropical colonies, Indian jute, and the oilplants of
the South Sea Islands.
"There will be a scarcity of all these things after the war and
there will be great competition for them. If England and
America do not deliver to us these raw materials after the war,
then we as conquerors are conquered."
GERMANY'S POTASH BOYCOTT
Before we entered the war Germany viewed with great concern the effect
of the economic weight of the United States if added to the side of her
antagonists. She felt that if this country remained neutral she could
depend on us for raw materials. To be sure, German ingenuity had
produced ten thousand substitutes, due to the skill of German chemists,
ranging from bacteria fats to synthetic rubber. But even the War Office
in Berlin was under no illusion on this point. "We need copper and no
stripping of palace roofs, no raiding of door knockers or kitchen pans
can make up for the deficiency." Even the vision of economic
self-sufficiency in Central Europe had rifts in it. Raw material was so
important that, in the boot and shoe industry 1,400 factories in the
German Empire were amalgamated into 300. In the silk industry the spools
were reduced from 45,000 to 2,500. Out of 1,700 spinning and weaving
mills, only 70 were running at high pressure.
The plan, as outlined by German experts, to force the United States to
supply raw material was to cut off potash exports and certain
manufactured goods. "If America will sell us no cotton," was the threat
of the Berlin _Deutsche-Zeitung_, "she shall get no potash--the
indispensable fertilizer in which we have a world monopoly. If she
withholds her oil and grain, then she shall get no _dyes_, no drugs, no
glassware or optical instruments." But as a writer in the London
_Outlook_ stated, this threat could not be made an effective instrument
of trade control:
Public-domain text, read in full here on John Shaqi.
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