The Economic Consequences of the PeaceKeynes, John Maynard
History
The Economic Consequences of the Peace
Keynes, John Maynard
Economic history -- 1918-1945; Treaty of Versailles (1919 June 28); World War, 1914-1918 -- Economic aspects
The following analysis of German exports and imports, according to
destination and origin, is also relevant. From this it appears that of
Germany's exports in 1913, 18 per cent went to the British Empire, 17
per cent to France, Italy, and Belgium, 10 per cent to Russia and
Roumania, and 7 per cent to the United States; that is to say, more than
half of the exports found their market in the countries of the Entente
nations. Of the balance, 12 per cent went to Austria-Hungary, Turkey,
and Bulgaria, and 35 per cent elsewhere. Unless, therefore, the present
Allies are prepared to encourage the importation of German products, a
substantial increase in total volume can only be effected by the
wholesale swamping of neutral markets.
GERMAN TRADE (1913) ACCORDING TO DESTINATION AND ORIGIN.
----------------------+--------------------+--------------------
| Destination of | Origin of
| Germany's Exports | Germany's Imports
----------------------+--------------------+--------------------
| Million Per cent | Million Per cent
| Dollars | Dollars
Great Britain | 359.55 14.2 | 219.00 8.1
India | 37.65 1.5 | 135.20 5.0
Egypt | 10.85 0.4 | 29.60 1.1
Canada | 15.10 0.6 | 16.00 0.6
Australia | 22.10 0.9 | 74.00 2.8
South Africa | 11.70 0.5 | 17.40 0.6
| ------ ---- | ------ ----
Total: British Empire | 456.95 18.1 | 491.20 18.2
| |
France | 197.45 7.8 | 146.05 5.4
Belgium | 137.75 5.5 | 86.15 3.2
Italy | 98.35 3.9 | 79.40 3.0
U.S.A. | 178.30 7.1 | 427.80 15.9
Russia | 220.00 8.7 | 356.15 13.2
Roumania | 35.00 1.4 | 19.95 0.7
Austria-Hungary | 276.20 10.9 | 206.80 7.7
Turkey | 24.60 1.0 | 18.40 0.7
Bulgaria | 7.55 0.3 | 2.00 ...
Other countries | 890.20 35.3 | 858.70 32.0
| ------ ---- | ------ ----
| 2,522.35 100.0 | 2,692.60 100.0
----------------------+--------------------+--------------------
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