CHAPTER IV

THE IMPOSSIBILITY OF CONFISCATION

Our present terminology of international politics an historical survival--Wherein modern conditions differ from ancient--The profound change effected by Division of Labor--The delicate interdependence of international finance--Attila and the Kaiser--What would happen if a German invader looted the Bank of England--German trade dependent upon English credit--Confiscation of an enemy's property an economic impossibility under modern conditions--Intangibility of a community's wealth 50-67

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