How to rebuild the world - A propositionshowing a new way of paying the debts of the Allies

Sep 21, 2026

Uploaded by Liam

A financial proposal for rapidly easing the postwar debt burdens of Germany and Austria while supporting the reconstruction of devastated provinces. The plan entrusts a large neutral-committee capital to be lent out at interest, with repayment funded through international notes whose redemption value rises over time. Participating Entente, Germany, Austria, and neutral states create the notes, issue an initial stock on loan, manage coverage and security in stages, and organize worldwide acceptance across multiple countries over a 20-year horizon.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages14

Reading Time35 min

AccessFree to download

Summary

Debt burden and long-term sacrifice

Capital formation and neutral committee lending

International notes issuance and pricing schedule

Security coverage, staged issues, and investor returns

World Savings Bank mechanism

Open execution and long-term interest effects

97-84227-20Falk,Ernst # How to rebuild the world [Landau] [1926] COLUMBIA UNIVERSITY LIBRARIESPRESERVATION DIVISION ## BIBLIOGRAPHIC MICROFORM TARGET ORIGINAL MATERIAL AS FILMED-EXISTING BIBLIOGRAPHIC RECORD | 308 | | | --- | --- | | z
Box 224 | Falk,Frnnt | | | Iln o rohuild t.he worldl,n pronosition showin | | | n neu way of payine the debts of tn A71ion of | | | Gernanv nnl Austrn,hu rnst,Pnlk,tr,by Erna | | | BaSu8… Lnrdu,"Jo inrn",0261. | | | 3;cm.
16 p. | | JX | | | 1392 | Copy in Lam Library.[19261 | | F1 | | | | | | 2 | 5711 | | | UP coPY | | | | RESTRICTIONS ON USE: Reproductions may not be made without permission from Columbia University Libraries. TECHNICAL MICBOFORM DATA FILM SIZE: 35mmREDUCTION BATIO: /:/ MAGE PLACEMENT:IA A IB IB DATE FILMED: 10-31-97INITIALS: PB TBACKING\#: 28951 FILMED BY PRESERVATION RESOURCES,BETHLEHEM,PA. BIBLIOGRAPHIC IRREGULARITIES MAIN ENTRY:Ealk,Erns ……………………… ……………………………………………………………………… …… …… … … … …… … … How to rebuild the world……………… ……- ---- ------ -- -- ## Bibliographic Irregularities in the Original Document: List allvolumes and pages affected;include name of institution if filming borrowed text. Page(s)missing/not available:_ Volume(s)missing/not available:_ Illegible and/or damaged page(s):_ Page(s)or volume(s)misnumbered: Bound out of sequence:_ Page(s)or volume(s)filmed from copy borrowed from:_ ×other:_pagination begins with page 6 X(2)page insert at end of title nserted material: 101927 ## HOW TO REBUILDTHE WORLD. ⅢIIIII I A propositionshowing a new way of paying the debts of the Allies,of Germany and Austria. byERNST FALK.Translated by Emma Bagus. ⅢI IIIIIIIⅢ England and its Allies,as well as Germany andAustria,free themselves more quickly and moreeasily from their debts. ## SUMMARY Net Germany alone but its ereditors too are burdened with heavydebts,and it will require long years of sacrifces,to pay them off.We canraise money by work —or by letting eapital work for us!I propose thelatter way:Based on exact ealculations,I am prepared to show that tis possible to raise a eapital of 148 thousand million goldmarks in atableInoney by a gigantie finaneial undertaking,by a(financial innovation 》.This eapital is to be handed over to a Neutral Committee s.It must notbe spent but it is to be lent out at interest.With the interest,5-6 thousandmillien goldmarks yearly(over 100 thousand millions in 20 years)Germa-nys debts and those of the Entente and Austria will be paid as well asthe reconstruetion of the devastated provinces. The Entente,Germany,Austria and 13 neutral states will create c Inter-national Notes s Which will be used in addition to the national money inall countrles.To begin with,the states raise an original stock of 81/2 thou-send of million goldmarks on loan at high interest.Then they issue notes,which rise in value from I goldmark to 80 goldmarks!All over theWorld these banknotes are to be bought for 1 mark the first month,for16 marks the second month,for 26 goldmarks the third ete.And so,atthe end to the year each note wil be worth 80 goldmarks,The statessell the 12 issues,only for stable money.At frst the original stock is tobe used as security.After that each issue which is sold,will bring in somuch money,that the states can cover the next issue by 50%and canincrease the security of the former issues,which are sold.The notes are only covered by 50%;in this way the money suffiees!I shall come to

FAQs

What is the central idea of the proposal to rebuild the world?

It raises a very large capital through a “gigantic financial undertaking,” then lends it out at interest via a Neutral Committee so that debt payments and reconstruction can be funded within about 20 years.

How are the international notes created and used across countries?

Entente states, Germany, Austria, and 13 neutral states establish International Notes to circulate alongside national money, with notes bought initially at low prices that rise in value over the year and later become accepted across many countries.

How does the proposal handle security and coverage for the notes?

The notes are covered in stages: early issues have partial coverage (e.g., 50%), while proceeds from sold issues help cover later issues and increase security; full security is planned for afterward.

Sep 21, 2026

Uploaded by Liam