At the centre of the dramatic events stands the majestic figure of the Emperor Franz Josef, facing the tragedies of his disastrous marriage and the suicide of his only son, and doggedly resisting the ruin of his inheritance. In a sweeping panorama of Vienna, Imperial Russia, Napolean's France, Bismark's Prussia and Cavour's Italy, Crankshaw portrays the political and military intricacies, the statesman, soldiers and common people, and examines the ambitions and disillusionment that broke the Empire and forged the destiny of the twentieth century.

    In 1923, with its currency effectively worthless (the exchange rate in December of that year was one dollar to 4,200,000,000,000 marks), the German republic was all but reduced to a barter economy. Expensive cigars, artworks, and jewels were routinely exchanged for staples such as bread; a cinema ticket could be bought for a lump of coal; and a bottle of paraffin for a silk shirt. People watched helplessly as their life savings disappeared and their loved ones starved. Germany’s finances descended into chaos, with severe social unrest in its wake. Money may no longer be physically printed and distributed in the voluminous quantities of 1923. However, “quantitative easing,” that modern euphemism for surreptitious deficit financing in an electronic era, can no less become an assault on monetary discipline. Whatever the reason for a country’s deficit necessity or profligacy, unwillingness to tax or blindness to expenditure it is beguiling to suppose that if the day of reckoning is postponed economic recovery will come in time to prevent higher unemployment or deeper recession. What if it does not? Germany in 1923 provides a vivid, compelling, sobering moral tale.

    In this revised and updated edition of his political classic, he offers fascinating new stories of raw ambition, brutal rivalry, and exquisite seduction and reveals the inside rules that govern the game of power.

    The Swiss Army is so quietly efficient at the art of war that the Isrealis carefully patterned their own military on the Swiss model.