The unification of Germany created a nation-state that was extraordinarily dynamic. By the turn of the 20th century, Germany had matched the British economy. However, the British economy pivoted on an empire that was enclosed and built around British interests. Germany had no such empire. It had achieved parity through internal growth and exports on a competitive basis. This was just one of the problems Germany had. The international economic system was based on a system of imperial holdings coupled with European industrialism. Germany lacked those holdings and had no politico-military control over its markets. While its economy was equal to Britain's, its risks were much higher.
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