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uistic sentiments in the matter, and their sole reason for action may have been to see that German subjects should not be excluded from Moroccan markets. It may also be that Germany was resolved that if there was to be a seizure of Morocco she should get her share of the territory to be distributed, notwithstanding her refusal, revealed by the late Foreign Secretary, Kiderlen-Waechter, in the Reichstag's confidential committee, to accede to Mr. Chamberlain's proposal, made some time before the incident, for a partition of the Shereefian Empire. But the acquisition of territory does not seem to have been the mainspring of her policy, while from the beginning to the end of the incident, however theatrical and questionable her diplomatic conduct may have been at moments during the negotiations, she was throughout consistent and successful in her demand for economic equality all round. This is a great gain for the future, for, with the world nearly all parcelled out, economic considerations, which are almost in all cases adjustable, are now the most weighty factors in international relations. Apart from this view of the incident, it is clear that Germany was pursuing her claim to a "place in the sun," and she did so to the unconcealed annoyance of nations which up to then had never thought of her in a role she appeared to be aspiring to, that of a Mediterranean Power. To these nations she seemed an intruder in a sphere to which she neither naturally nor rightfully belonged. Evidently she had no political or historical claims in Morocco, while her commercial interests were less than 10 per cent of Morocco trade. A narration of the incident may, for the sake of convenience, though involving some anticipation of the future, be dealt with in three sections: from the Anglo-French Agreement of 1904, and the Emperor's visit to Tangier in March, 1905, to the Act of Algeciras a year subsequently; from the Act of Algeciras to the Franco-German Agreement of 1909; and from that to the--let it be hoped--final settlement by the Franco-German Agreement of November 5, 1911. The Anglo-French Agreement of 1904 gave France a free hand in Morocco in consideration of France giving England a similar position in Egypt and the Nile Valley. The state of things in Morocco at this time was one of discord and rebellion. In the midst of it, the Sultan, El Hassan, died, and was succeeded by Abdul Aziz, a minor. On coming of age Abdul Aziz showed
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