“A million and a half of people spread over the Atlantic seaboard might be thought no great number; but it was a new thing in the world. …which had in fact been carefully noted by Benjamin Franklin in a pamphlet on The Increase of Mankind, Peopling of Countries, etc.—that within three-quarters of a century the population of the continental colonies had doubled every twenty-five years, whereas the population of Old England during a hundred years past had not doubled once and now stood at only some six and a half millions. …With these facts in mind, one might indeed say that a people with so much vitality and expansive power was abundantly able to pay taxes; but perhaps it was also a fair inference, if any one was disposed to press the matter, that unless it was so minded, such a people was already, or assuredly soon would be, equally able not to pay them.”

The Eve of the Revolution (1918)

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Carl L. Becker 25
American historian 1873–1945

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“Germany's population was increasing, her industries were intact, she had no factories to reconstruct, she had no flooded mines. Her resources were intact, above and below ground…In fifteen or twenty years Germany would be mistress of Europe. In front of her would be France with a population scarcely increased.”

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'Inter-Allied Conference on Reparations, etc.', Miscellaneous No. 3 (1923), pp. 123-124, quoted in Étienne Mantoux, The Carthaginian Peace, or The Economic Consequences of Mr. Keynes (London: Oxford University Press, 1946), p. 23.

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