The financial world has been staggering under a series of blows such as the delicate system of international credit has never before witnessed, or even imagined… Nothing so widespread and so world-wide has ever been known before. Nothing…could have testified more clearly to the impossibility of running modern civilisation and war together than this…collapse of prices, produced not by the actual outbreak of a small war, but by fear of a war between some of the Great Powers of Europe. The key phrase here is 'fear of a war'.
( Niall Ferguson )
[ The Abyss: World War I and the ]
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