Bibliographic data

Murakawa, Kengo: Shichitei Chuto Seiyoshi. Houbunsha, 15., überarbeitete Aufl. ed., 1924, 259.

European Economy in Tatters

[p. 259]


Illustration above: Allied Powers France tried on its own to pressure Germany into paying reparations, and the other allied nations tried to hold France back. (A German comic lambasting the lack of consensus among the Allied nations).

Illustration below: A horserace with obstacles a cartoon published in London’s The Star in May of 1921, when Germany agreed to war reparations. There were widespread doubts from the beginning as to whether Germany, which was working towards industrial recovery, would fulfill its promise or not. As many predicted, Germany demanded a moratorium.


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