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The Franco-German War Indemnity and Its Economic Results

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Description:From the INTRODUCTION. WHEN Sir Richard Carton placed a large fund in the hands of certain Trustees, with a view to enquiring into the value of Norman Angell's economic theories, it was intended by him and by those associated with the Carton Foundation that every sincere attempt to examine the doctrines of the "Great Illusion" should be supported. Mr. O'Farrell had taken for his theme the chapter of Norman Angell's book entitled the "Indemnity Futility" in which certain statements are made as to the economic effects upon both nations of the huge indemnity paid in 1871 by France to Germany. The deductions drawn by Norman Angell are not precisely challenged by Mr. O'Farrell, but they are subjected to close scrutiny and analysis. Starting at Cambridge eighteen months ago, with the formation of the War and Peace Society, and spreading to Glasgow, Manchester, Newcastle, Bristol, and Leeds, &c., the Garton Foundation by means of Study Clubs and Lectures and Debates have, for the past two years, quietly and unobtrusively been stimulating curiosity in Norman Angell's theories and discussion of their economic aspects. The progress of this enquiry, and the interest excited in Germany, in France and in the U.S. of America, as well as in Great Britain, have surpassed the expectations of the Founder and his associates. Among the problems posed by Norman Angell was one named by him the "Indemnity Futility." While he contends that there can be no doubt that a country which pays a large war indemnity, such as France paid to Germany in 1871, loses that amount of wealth, he postulates as an axiomatic dilemma, that the country receiving the plunder, gets it either in the form of real wealth, which constitutes a serious competition and injury to its own manufactures and traders, or it raises the prices of commodities, in which case the community suffers. His contention is that the history of the period 1870-1880 bears out what he calls this paradox: and he has given, in the "Great Illusion" his explanation of the financial and commercial phenomena of that decade. Mr. O'Farrell has set himself, in the following pages, the task of examining closely this thesis and the facts presented by the statistical records of that time. His conclusions upon the specific point are not in agreement with those of Norman Angell. Financial results attributed by the author of the "Great Illusion" to the receipt by Germany of the War Indemnity, are traced by Mr. O'Farrell to other causes, more widespread and universal. There is obviously further room for examination of an enquiry into this most interesting question.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with The Franco-German War Indemnity and Its Economic Results. To get started finding The Franco-German War Indemnity and Its Economic Results, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

Pages: 92

Format: PDF, EPUB & Kindle Edition

Publisher: Createspace Independent Publishing Platform

Release: 2016

ISBN: 1539937534

Description: From the INTRODUCTION. WHEN Sir Richard Carton placed a large fund in the hands of certain Trustees, with a view to enquiring into the value of Norman Angell's economic theories, it was intended by him and by those associated with the Carton Foundation that every sincere attempt to examine the doctrines of the "Great Illusion" should be supported. Mr. O'Farrell had taken for his theme the chapter of Norman Angell's book entitled the "Indemnity Futility" in which certain statements are made as to the economic effects upon both nations of the huge indemnity paid in 1871 by France to Germany. The deductions drawn by Norman Angell are not precisely challenged by Mr. O'Farrell, but they are subjected to close scrutiny and analysis. Starting at Cambridge eighteen months ago, with the formation of the War and Peace Society, and spreading to Glasgow, Manchester, Newcastle, Bristol, and Leeds, &c., the Garton Foundation by means of Study Clubs and Lectures and Debates have, for the past two years, quietly and unobtrusively been stimulating curiosity in Norman Angell's theories and discussion of their economic aspects. The progress of this enquiry, and the interest excited in Germany, in France and in the U.S. of America, as well as in Great Britain, have surpassed the expectations of the Founder and his associates. Among the problems posed by Norman Angell was one named by him the "Indemnity Futility." While he contends that there can be no doubt that a country which pays a large war indemnity, such as France paid to Germany in 1871, loses that amount of wealth, he postulates as an axiomatic dilemma, that the country receiving the plunder, gets it either in the form of real wealth, which constitutes a serious competition and injury to its own manufactures and traders, or it raises the prices of commodities, in which case the community suffers. His contention is that the history of the period 1870-1880 bears out what he calls this paradox: and he has given, in the "Great Illusion" his explanation of the financial and commercial phenomena of that decade. Mr. O'Farrell has set himself, in the following pages, the task of examining closely this thesis and the facts presented by the statistical records of that time. His conclusions upon the specific point are not in agreement with those of Norman Angell. Financial results attributed by the author of the "Great Illusion" to the receipt by Germany of the War Indemnity, are traced by Mr. O'Farrell to other causes, more widespread and universal. There is obviously further room for examination of an enquiry into this most interesting question.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with The Franco-German War Indemnity and Its Economic Results. To get started finding The Franco-German War Indemnity and Its Economic Results, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

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The Franco-German War Indemnity and Its Economic Results

The Franco-German War Indemnity and Its Economic Results

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