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Chapter 8 - Page 2
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And the German airships were barely in sight of the Atlantic waters, the first Asiatic fleet was scarcely reported from Upper Burmah, before the fantastic fabric of credit and finance that had held the world together economically for a hundred years strained and snapped. A tornado of realisation swept through every stock exchange in the world; banks stopped payment, business shrank and ceased, factories ran on for a day or so by a sort of inertia, completing the orders of bankrupt and extinguished customers, then stopped. The New York Bert Smallways saw, for all its glare of light and traffic, was in the pit of an economic and financial collapse unparalleled in history. The flow of the food supply was already a little checked. And before the world-war had lasted two weeks--by the time, that is, that mast was rigged in Labrador--there was not a city or town in the world outside China, however fair from the actual centres of destruction, where police and government were not adopting special emergency methods to deal with a want of food and a glut of unemployed people.
The special peculiarities of aerial warfare were of such a nature as to trend, once it had begun, almost inevitably towards social disorganisation. The first of these peculiarities was brought home to the Germans in their attack upon New York; the immense power of destruction an airship has over the thing below,
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