Courtesy Reuters

WHEN Hitler marched into Poland, he informed his subjects that since he came to power he had spent no less than 90 billion marks on war preparations. Even if we discount the elation with which he must have contemplated that historic moment, and reduce the estimate to 70 or 75 billions (the figure given by the best foreign experts), the total is still very formidable.[i] The probable expenditure on rearmament in Germany during 1938 was perhaps equal to six billion dollars, while that of Great Britain and France combined, in the same year, amounted to not more than three billions; and before that it

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