"In 1871 Bismarck consummated both the Prussian victory over the French and the unification of Germany under Prussian leadership by inaugurating the German Empire in the Hall of Mirrors at Versailles. It was a fateful achievement. From its moment of birth the new German Empire was of an order of magnitude greater than that of the other states of Europe; and which became greater still during the next forty years. To the modern Europe of the industrial age, Germany was what Spain and France had been in turn to pre-industrial Europe, a giant overtopping its neighbours. From 1871 onwards the salient fact of European politics was German power. By 1914 Germany's population, at 67,000,000, was more than half as much again as either that of France or Great Britain, and was exceeded only by that of Russia among European powers. Moreover, German industry and technology were immensely stronger and more vigorous than those of either her friends or rivals. Her steel production, to give a basic index, amounted to 17,320,000 tons in 1914, as against a French total of only 5,000,000 tons and a British total of 7,000,000 tons (average for 1910–14). Nor could any other European country match the thoroughness of Germany's application of scientific research to industrial development or her system of national or technical education."
Economy of Germany

January 1, 1970

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