When Germans came to analyse and explain their own defeat, it was above all around this political factor that their thoughts circled. It was the flip-side of the notorious ‘stab in the back’ legend. They attributed an enormous influence to Allied propaganda and to the demagogic genius of Lloyd George and Clemenceau. What Germany had lacked was a populist, democratic ‘Führer’.2 But potent as the charisma of Lloyd George and Clemenceau no doubt was, to focus on their personalities would be to understate the forces in play.