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" "The letter was a complete repudiation of the agreement he <nowiki>[</nowiki>H. H. Asquith<nowiki>]</nowiki> had entered into with me on Sunday and confirmed in writing on Monday. He had reached his decision to go back on his word without giving me an opportunity of further discussion with him. He saw all the critics. He resolutely refused to see me although he had promised to do so. Had I gone back on my word I know the nature of the comment that would have been passed on me by those who worked with frenzy to persuade Mr. Asquith to break faith. How it would have fitted into that legend of distrust which they so assiduously worked up for years, and which seems to be their sole article of unwavering faith!
David Lloyd George (17 January 1863 – 26 March 1945) was a British politician, who served as Prime Minister of the United Kingdom from 1916 to 1922.
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Industrial countries are...engaged in improving their machinery, in order to save labour and increase production... The moment peace is restored in Europe, and the exchanges are stabilised...[y]ou will then be face to face with the real rivalry and the competition... I fear that the period of depression is going to be prolonged... we are in for a long period of depression such as we have not seen in our lifetime.