Excerpt from Europe's Morning After

The material for this book was gathered during the end of 1919 and the early months of 1920. This period was unique in the history of Europe. Both the old nations and the new nations were just beginning to sit up after their four-year debauch of warfare and to realize that they ought to take something for the awful headaches from which they were suffering. Pessimism was rampant. The entire outlook was a rich dark brown in color. The money of the Central European nations was tumbling to new low levels from day to day. The dazed business men of those nations hadn't learned how to keep pace with the falling exchange. Each nation, as it weakly took up the burden of living in the morning, confidently expected its neighbor nations to expire miserably from anaemia before nightfall - or at least by the following Friday. Nobody knew what was going to happen, and those who made any predictions were usually wrong.

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