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" "The Treaty of Versailles was not carried out by those who dictated it. A good deal of the trouble was due to that fact. We were dealing with Governments in Germany which were democratic Governments, based on a democratic franchise, with democratic statesmen, and it is because we did not carry out the undertakings we had given to those democratic Governments that Hitler came into power. ... The solid promise that we gave...that if Germany disarmed, we should immediately follow her example, was not carried out, and there is no Government that is more responsible for that than the present National Government which came into power in 1931.
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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The action of the Government which had had the most disastrous effect on British trade was their premature and precipitate restoration of the gold standard before our credit was ripe for that departure. It had made sterling dearer and thus artificially put up the price of British goods in the neutral markets, where we were already competing on very narrow margins with our trade rivals. At this very hour coalowners and miners had been driven to the brink of a yawning chasm of strife, largely through this deed of egregious recklessness by the Chancellor of the Exchequer.
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