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STATEMENT OF BERNARD M. BARUCH
BEFORE MILITARY AFFAIRS COMMITTEE
Tarmis
WATIORAL AND
of UNITED STATES SENATE
to ARCHIVES SERVICE* RECORDS
Mr. Chairman and Gentlemen of the Committee:
I am honored by your request to appear before you.
Your esteemed Chairman, in his letter of invitation, described
the objective of this Committee's inquiry as "the elimination of
Germany's economic potential for military aggression.
No more important question ever will come before you
than this one - of how to prevent the revival of Germany's war-
making might. It is the heart of the making of the peace; it is
the heart of the keeping of the peace.
What is done with Germany holds the key to whether
Russia, Britain and the United States can continue to get along.
It will affect profoundly the jobs and livelihoods of everyone,
everywhere, for none of the economic problems of the peace can
be solved except in the light of German reparations policy and
the measures taken to demilitarize Germany's traditional war
economy.
Is it possible to control and transform a nation of
more than 60 million persons, with an economy as intricate and
efficient as that of the Germans?
I believe it can be done. I know it must be done.
Germany's Third Try
It will not be easy. But if not done, we face the
certainty that Germany will make a third try to conquer the
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"ocrText": "Hold Until\nDelivered.\nfree\nSTATEMENT OF BERNARD M. BARUCH\nBEFORE MILITARY AFFAIRS COMMITTEE\nTarmis\nWATIORAL AND\nof UNITED STATES SENATE\nto ARCHIVES SERVICE* RECORDS\nMr. Chairman and Gentlemen of the Committee:\nI am honored by your request to appear before you.\nYour esteemed Chairman, in his letter of invitation, described\nthe objective of this Committee's inquiry as \"the elimination of\nGermany's economic potential for military aggression.\nNo more important question ever will come before you\nthan this one - of how to prevent the revival of Germany's war-\nmaking might. It is the heart of the making of the peace; it is\nthe heart of the keeping of the peace.\nWhat is done with Germany holds the key to whether\nRussia, Britain and the United States can continue to get along.\nIt will affect profoundly the jobs and livelihoods of everyone,\neverywhere, for none of the economic problems of the peace can\nbe solved except in the light of German reparations policy and\nthe measures taken to demilitarize Germany's traditional war\neconomy.\nIs it possible to control and transform a nation of\nmore than 60 million persons, with an economy as intricate and\nefficient as that of the Germans?\nI believe it can be done. I know it must be done.\nGermany's Third Try\nIt will not be easy. But if not done, we face the\ncertainty that Germany will make a third try to conquer the"
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