1871 Military Campaign
Citations (1)
- The Rise and Fall of the Great Powers whole source · open book
Very few of the belligerents (Britain and the United States were among the exceptions) had tried to pay for even part of the costs of the conflict by increasing taxes; instead most states relied almost entirely on borrowing, assuming that the defeated foe would be forced to meet the bill—as had happened to France in 1871.
chapter: The Postwar International Order