William. Oualid's scientific contributions

Citations

... " For example, the experts determined at the Brussels Conference " that France owes 219 billion prewar francs in loans, " mostly borrowed on French capital, and to a small extent (about a sixth, or 38 billion), on foreign (British and American) creditors . 26 " This amount, " Gide and Qualid (1931:5) continued, " corresponded exactly to our estimate of the general wealth of France; or if we prefer to measure interest rather than capital, it corresponded to 14 billion francs-gold, to which were added 10 billion francs-gold in pensions to invalids, widows, and children (a debt also contracted because of the war), which meant that France had to pay 24 billion francs-gold of interest, for example, more than 70 percent of the total yearly income which was not over 35 billion. " Seeing the extent of the wound the war brought to France, it then made sense that Germany, whose economy had been less affected by the war as the armistice was signed when Allied armies just crossed its border, would help France shoulder its debt by paying reparations. ...