The result will be the rapid
diversification of industry in the United States, the creation of
industries never before possible because of European competition, the
invention of machines to meet new needs. The normal economic development
will be accelerated decades.
After the close of the European war, when manufacturing and production
are resumed, America will find herself overproducing and face to face
with another economic readjustment necessary to meet the new situation.
Then will ensue a commercial crisis with all its attendant suffering and
trouble such as the United States has probably never seen and which will
be violent and serious in proportion to the length of the war.
Germany of the Future
AN INTERVIEW WITH M. DE LAPREDELLE.
Exchange Professor from the University of Paris at Columbia University.
By Edward Marshall.
In the American press French views of the great war's significance have
been less common than British views and far less frequent than German
views. Therefore, this talk with M. de Lapredelle, Exchange Professor
from the University of Paris at Columbia, will have especial interest.
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