Chapter 695: Chapter 522: The Embarrassed Islander

As mentioned before, France's industry suffered significant losses in the war. Even by 1920, it had only recovered to about 60% of the pre-war period, still a considerable distance from its peak in 1913.

Currently, France's industrial scale is even lower than Australasia, so if judged by industrial scale, France is at a disadvantage.

But if taken from an economic perspective, although France also suffered considerable losses, their economic losses were far less severe than their industrial ones.

In contrast to the losses in France's manufacturing sector, capitalist interests were willing to rebuild its economy.

After all, the rehabilitation of the French economy was good news for the capitalists. Once the economy recovered, capitalists could oppress the common people without restraint.

Moreover, with compensation payments from both the defeated nations and the United States, the French economy, although not as good as before the war, was far from the worst in history.