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ening, we might have been spared the necessity of signing one day a temporary peace amid the ruins of European culture. But no puissant genius in any of the allied countries towered above the dead level of mediocrity. Great Frenchmen, Britons and Russians were said to be available, but there was no great man in evidence. And this want proved disastrous. In Germany, on the other hand, it was hardly felt. For it was compensated by the existence of a vast human machine, adaptable to every change of circumstance, capable of assuming countless Protean forms simultaneously, ready with a solution for the most unexpected problems, provided with organs suited to the discharge of every conceivable function, all directed to the same end. It was the same organism that had worked with such brilliant success for over thirty years, growing and perfecting itself steadily until it became the concrete manifestation of a whole system of thought, sentiment and co-ordinated action. Germany had developed into a powerful national State in which the spirit of self-surrender for the good of the community animates all sections alike, all of which co-operate effectively, through the organizations which they spontaneously created, for the realization of their common objects. And therein lay her force. On the outbreak of war Germany was faced with a group of the most arduous and intricate problems any Government has ever yet had to tackle. For most of them she had had the time and the forethought to prepare. But others arose which had been neither provided for nor foreseen, in consequence of her mistaken assumption that Great Britain would hold aloof from the war. The total value of her exports and imports in the year 1913 was computed at 1,000,000,000 sterling, and an infinity of fine threads bound her industrial activity with foreign countries. By Great Britain's declaration of war, for which Germany was unprepared until the last days of July, nearly all these threads were snapped asunder, and the industrial and economic life of the Empire had to be swiftly readjusted to the new conditions. And here it was that the nation rose as one man to the unparalleled occasion, faced the tremendous ordeal, and, contrary to the expectations of its adversaries--ever prone to judge others by themselves--has continued not merely to exist, but to extend its conquests ever since. It was in the financial sphere that the first strain was felt. But perilous
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