Rare 1922 British Cartoon - Post WW 1 REPARATIONS TO THE UNITED STATES [France]

Description: It is hard to escape the legacy of the Punch Magazine. From 1841 to 2002, the magazine cast a satirical eye on life in Britain. It charted the interests, concerns and frustrations of the country and today it stands as an invaluable resource not just as cartoon art, but as primary source material for historians.Illustration by Bernard Partridge. Page sized 8 x 10 1/2 inches, shown slightly cropped, pulled from the British humor/satire magazine PUNCH, August 9, 1922, not a modern reproduction. Condition: excellent -- still bright paper, clean, no handling wear, lays flat for easy framing, backside is blank. "THE DEBTORS" (Germany paints I.O.U on France's back and France does the same to Britain while Britain paints I Pay U on a wall drawing of Uncle Sam)--“In the ‘Balfour Note’ of 1922, the British Government informed President Harding that as we had got to pay America, we were reluctantly compelled to make claims upon our debtors, but would ask no more from them than was necessary for the satisfaction of our own creditor. It was the continued refusal of our European Allies to ay their inter-Allied debts that led to Mr. Baldwin’s mission to America and the much-discussed arrangement, defended as the best possible at the time, which committed us to an obligation which we have since found ourselves incapable of fulfilling.” from Punch Silver Jubilee Number, May 1, 1935 retrospective.WORLD WAR I WAR DEBTS. During and immediately after World War I, America's cobelligerents borrowed some $10.350 billion ($184.334 billion in 2002 dollars) from the U.S. Treasury. These funds were used mainly to finance payments due the United States for munitions, foodstuffs, cotton, other war-related purchases, and stabilization of exchange. Of that sum, $7.077 billion represented cash loans extended prior to the armistice; $2.533 billion was advanced to finance reconstruction after the armistice; and post armistice relief supplies and liquidated war stocks amounted to an additional $740 million. Total foreign indebtedness—including interest due before funding of the original demand obligations but excluding loans to Czarist Russia, for which no hope of collection remained—came to $11.577 billion ($206.186 billion in 2002 dollars).Punch, a magazine of humor and satire, ran from 1841-2002. A very British institution renowned internationally for its wit and irreverence, it helped to coin the term "cartoon" in its modern sense as a humorous illustration. QUESTIONS ARE ALWAYS WELCOME.

Price: 14.95 USD

Location: Milton, Vermont

End Time: 2025-01-22T22:51:20.000Z

Shipping Cost: 6.95 USD