Abstract

New Wars and Old Debts
June 3, 1925 issue

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The new war in Morocco is aggravating the financial crisis in France. Governor Hubert Lyautey, the governor of Morocco, is the greatest of the French empire-builders. His energy and ability have transformed Morocco in a decade from a protectorate of doubtful value into a firmly held colony. His imagination his linked North Africa with Central region and realized that France is a nation of a hundred million people comprising of three-fifths African. He hopes to build the Spanish zone so that later it would "drop like a ripe fruit into France's lap." Meanwhile, the U.S. reminds France of the debt it owes to the U.S.

See Also:

WAR -- Economic aspects; FRANCE -- Economic conditions; LYAUTEY, Louis Hubert Gonzalve, 1854-1934; GOVERNORS; FINANCIAL crises; DEBT management; MOROCCO; FRANCE
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