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Nitti, Francesco Saverio, 1868-1953

"Peaceless Europe"

the poorer in regard to the production of
cereals and potatoes and ten to twelve per cent. in regard to the
breeding of live stock.
The restitution of Alsace-Lorraine (the only formal claim advanced by
the Entente in its war programme) has deprived Germany of the bulk of
her iron-ore production. In 1913 Germany could count on 21,000,000
tons of iron from Lorraine, 7,000,000 from Luxemburg, 138,000 from
Upper Silesia and 7,344 from the rest of her territory. This means
that Germany is reduced to only 20.41 per cent. of her pre-war wealth
in iron ore.
In 1913 the Saar district represented 8.95 per cent. of the total
production of coal, and Upper Silesia 22.85 per cent.
Having lost about eighty per cent. of her iron ore and large stocks
of coal, while her production is severely handicapped, Germany,
completely disorganized abroad after the suppression of all economic
equilibrium, is condemned to look on helplessly while the very sources
of her national wealth dry up and cease to flow. In order to form a
correct estimate of the facts we must hold in mind that one-fifth of
Germany's total exports before the War consisted of iron and of tools
and machinery mostly manufactured with German iron.


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