CONTENTS
Chapter
Page
I
Tests of European Conditions ,
I
II
The Significance of Depreciated Exchanges
III
Is European Trade Recovering? .
IV
National Debts V
National Budgets 47
VI
The European Monetary Situation
VII
The German Monetary Collapse .
VIII
Conclusions as to Present European Conditions 88
IX
How Long Will the Depression Endure?
X
Economic and Social Disintegration .
119
XI
The Unity of the Problem
. . . 140
Part II—The Reparations Dilemma
140
XII
History of the Reparations Controversy
155
XIII
Germany's Ability to Pay .
177
XIV
How Much Are the Allies Willing to Be
Paid?
203
XV
The Economics of the Reparations Problem
222
XVI
The French-German Rapprochement .
238
XVII
Political Factors in the European Situation
245
XVIII
Political Factors in the European Situation
(Continued)
271
Part III—Remedies—Proposed and Real
XIX
The Limitations of Foreign Credits .
299
XX
The Stabilization of the International Exchanges
319
XXI
The Way Out
325
vii