The United States particularly will derive the greatest profit from the
struggle. Without any exertion whatsoever she is already able to control
the entire American market, and in the Far East it is possible for her
to exercise considerable restraint on her European competitors. In time
she will be in a position to constitute herself the only great money
power of that section of the world which employs the use of free
capital. Already there is a colossal stream of European securities
flowing to the United States, who is acquiring them at the very lowest
prices. The remedy for the economic wrongs of Europe which will be
created by this war as well as the fixing of indemnities will not be
possible without the aid of America. At the very least, the conquered
nations will be wholly dependent on American capital.
Next to the United States in this amazingly swift advance stand the
nations of Asia and of Islam--Japan, China, India, Persia, Turkey with
her tributary possessions. The progress of these nations has been
considerably hampered by the control--both financial and
military--exerted over them by the European powers. In the free States
this control has been suddenly lifted; in the dependencies, such as
India, Persia, and Egypt, it has been materially weakened, and it will
be long before it can again operate with the same force.
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