justify. Germany suffered military defeat and pro• longed humiliation at the hands of her conquerors. During the boom years, she was helped, for purely commercial motives, by Allied and American capi• talists, who helped to earn large profits by financing German industry; then came the slump; as much foreign capital as could be withdrawn was withdrawn, tariff barriers were everywhere set up or, if they already existed, raised still higher. It became more and more difficult for German industrialists either to sell what they had manufactured or, owing to monetary difficulties and the absence of colonies, to procure raw materials, The Nazis have promised to extricate Germany from this intolerable situation by force of arms, if necessary. Italy emerged from the War nominally a victor, but in fact little the better off for her espousal of the Allied cause. The clauses of the disgraceful Secret Treaties were not, because they could not be, fulfilled, and the Italians received no colonial mandates. Emi• gration of the Italians was progressively restricted until during the slump it fell almost to zero. For more than thirteen years the Fascists have been promising to make Italy great and prosperous. Since October, 1935 they have been attempting to keep that promise at the expense of Abyssinia. At the Versailles Peace Conference, the Japanese were collectively insulted by President Wilson, who insisted that a nation of yellow men could not be treated on the same terms as a nation of white men. During the succeeding years tariff barriers have everywhere been raised against cheap Japanese goods, while America and the British Dominions have com• pletely prohibited the immigration of Japanese citizens. Meanwhile, in Japan, population has rapidly increased. In Japan the army has done what the Nazis and the Fascists did in Germany and Italy; it has promised to rescue the country from its present plight by force of arms. What is more, it has begun to fulfil this promise-at the expense of China. What the Japanese have done in Manchuria, the Italians are at present trying to do in Abyssinia and the Germans 24 Bibhoteca Gino Bianco
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