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Nitti, Francesco Saverio, 1868-1953

"Peaceless Europe"

Russia fell to pieces soon, and
fell rather on account of her own internal conditions than from enemy
pressure. The action of the United States arrived late, but was
decisive. Each country, however, acted from a different state of mind.
France had of necessity to make war. Her territory was invaded, and
all hope of salvation lay in moral resistance alone. Great Britain
had to wage the War out of sense of duty. She had guaranteed the
neutrality of Belgium, and could not fail to keep her word of honour.
Two countries alone chose freely the sorrowful way of the War: Italy
and the United States. But their sacrifices, sufferings and losses
have been very different. During the War the United States have been
able to develop their immense resources, and, notwithstanding some
crises, they have come out of it much richer than before. From being
debtors to Europe they have become creditors. They had few losses
in men, and a great development in wealth. Italy, who after many
difficulties had developed in her famous but too narrow territory the
germs of a greater fortune, has had, together with very heavy losses
in men, heavy losses in her wealth.


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