Excerpt from British War Finance 1914-15
Mankind have never had such a crowd of vital problems to solve - political, ethical, commercial, and financial - as the war of 1914 forced upon them. Neither have they ever had such a formidable array of fierce and sanguinary issues to face as arose out of that life and death struggle of the nations. Never before did so superhuman a conflict draw combatants from all over the globe. Never were factories, workshops, and peaceful homes so emptied of their inmates to provide victims for the deadliest weapons of war.
In every walk of life, every branch of business, every industry, every market and every profession, its malign influence has been felt. The physical, material, and economic ruin it has caused is on a par with its horrible waste of human life. But there has been something also quite as wonderful in another way as these orgies of havoc and butchery. It is the grim resolution and ready resource with which the assailed nations met the onslaught of the Huns. The framework of British civilisation, instead of falling to pieces at the first shock of the German legions (as had been predicted by the Norman Angellites) seemed hardly to feel the blow. Its loosely-jointed sections closed up with a snap, and out of apparent confusion suddenly arose organised human forces which no mere military machine, however perfect in its way could long withstand.
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