Baghdad Railway
Bismarck and most of his contemporaries were conservative-minded and focused their foreign policy attention on Germany's neighboring states. In 1914, 60% of German foreign investment was in Europe, as opposed to just 5% of British investment. Most of the money went to developing nations such as Russia that lacked the capital or technical knowledge to industrialize on their own. The construction of the Baghdad Railway, financed by German banks, was designed to eventually connect Germany with the Ottoman Empire and the Persian Gulf, but it also collided with British and Russian geopolitical interests. Conflict over the Baghdad Railway was resolved in June 1914.