The French Indemnity of 1871 and its Effects
T HE discussion of the financial terms to be imposed on the defeated Central Powers recalls the famous five billion francs which Bismarck exacted from the French in I87I, and suggests that the story of that great transaction may help us to make a more intelligent analysis of the complex situation that now faces us. In the present article, therefore, we shall try to bring together such financial and commercial data as will give a fair idea of the importance of the indemnity payment in the economic history of the countries involved. Although the scantiness of some of the data makes extensive comparison difficult, enough has been found to give some interesting and significant results. According to the terms of the Treaty of Frankfort, France was to pay the five billion francs in the following instalments: 1
- DOI
- 10.2307/1928688
- Volume
- 1 (4)
- Pages
- 269
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