Currency question -- Great Britain; Finance -- Great Britain; World War, 1914-1918 -- Economic aspects -- Great Britain
We were not plaster saints, but we were either Idealistic and perhaps
foolish people who attached great importance to the freedom and
security of small nations and all those items in the programme of
idealistic Radicalism, or else we were good, red-hot, true-blue
Jingoes with a hearty hatred for Germany, and enjoyed the thought that
the big fight which we had long foreseen between the two countries was
at last going to be fought out. Or, again, we were just commonplace
people who did not much believe in idealistic Radicalism or
anti-German bitterness, but saw that the whole future of our country
was at stake, and were prepared to do anything for it. A fine example
was set us in those days by the Trade Union leaders. The industrial
world was seething with discontent. The Suffragettes in London and the
Carsonites in Ireland had shown us how much could be done by appeals
to physical force in a lazy-minded community; and hints of industrial
revolution, with great organised strikes, which were going to tie up
the transport industry of the country were in the air. And then, when
the war came, the Labour leaders said, "No strikes until the war is
over. Our country comes first."
This was the lead given to the country by those down at the bottom,
who had the least to lose, and whose patriotism during the course of
the war has frequently been questioned. At the top the financial and
property-owning classes, having been saved by Mr Lloyd George's able
adroitness from a bad crisis in the City, were entirely tame, and
would have suffered anything in the way of taxation or financial
conscription if the need for it had been properly put before them.
It is almost amusing to remember now that in those early days of the
war the shareholders in Home Railway companies were thought lucky. The
Government were taking the railways over, and were guaranteeing that
their proprietors should receive the same dividends as they had had
before the war. Such was the view in financial and property-owning
circles of results of war that, so far from any expectation of the
huge profits which war has put into the pockets of certain classes,
they were only too thankful if they could be assured that their gross
incomes were not going to be reduced.
Public-domain text, read in full here on John Shaqi.
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