The Great Illusion A Study of the Relation of Military Power to National Advantage
CHAPTER VI
THE INDEMNITY FUTILITY
The real balance-sheet of the Franco-German War--Disregard of Sir Robert Giffen's warning in interpreting the figures--What really happened in France and Germany during the decade following the war--Bismarck's disillusionment--The necessary discount to be given an indemnity--The bearing of the war and its result on German prosperity and progress 88-106