From 1917: War, Peace, and Revolution, by David Stevenson (OUP Oxford, 2017), Kindle pp. 28-29:
Although the chancellor insisted they must wait until the diplomacy connected with the Central Powers’ and American peace notes was completed, he and Helfferich concluded ‘that in the question of unrestricted U-boat warfare they must now give way, as otherwise open conflict would break out between the OHL and the government. That would shake the emperor, people, and fatherland to their foundations. They, as the weaker party, must set aside their own better convictions for the sake of internal peace.’ Privately Bethmann feared that the ‘foundation of the entire situation relates to a dictatorial quest for mastery and the consistently pursued objective of militarizing the entire life of the state’. None the less, he was prepared to yield even before he received the Holtzendorff memorandum. Holtzendorff offered at least a chance of victory and securing the war aims that the OHL deemed essential, whereas Bethmann offered slow defeat, and a spring renewal of the Allies’ offensives with no certainty of the munitions and manpower needed to resist. Certainly Ludendorff told the navy he had run risks in his career but always calculated risks, and the OHL delayed until Romania’s defeat secured the borders. But remarkable was both armed services’ indifference to the United States. Although it possessed one of the world’s most modern fleets, Holtzendorff said its naval contribution would make no difference, Capelle telling the Reichstag it would be ‘zero’. The Holtzendorff memorandum considered the Americans lacked the tonnage to send many volunteers, and could send few more munitions than they were doing already. The army had little modified its 1913 assessment that the Americans could assemble a first-line land force of just 100,000 soldiers at low readiness. On 15 January Hindenburg wrote to Conrad von Hötzendorff that the Americans could not add much to Allied shipping and munitions, their men were untrained, and their country lacked food. Whereas Bethmann and Helfferich insisted that American intervention might condemn Germany to defeat, Hindenburg believed American forces would be ‘not decisive’. The OHL’s world-view was continental rather than global, Ludendorff summing up derisively that ‘I whistle at America.’
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