USA

At the end of the First World War, the U.S. had inherited Britain’s former role as the world’s dominant economic and financial power. However, it had also inherited the stewardship of the desolate financial situation created by the victors during and after the War. Thus, when the financial market finally collapsed in October 1929, the entire world was tossed into a major economic crisis. The U.S. attempts to get out of this impasse during the subsequent decade proved futile. It was only the prospect of war that finally ended the crisis in the U.S. (which proves once more that economic reasons are behind most wars).



A note on the title: Liberal-Establishment historians have an all too effective propaganda device to promote approved ideologies. They invent labels which, in due course, are thoughtlessly parroted and tend to set the desired concepts in concrete, obviating any further need for argument. Thus the raids carried out by Attorney …

Far more important to Europe than the propaganda about domestic affairs in America is that about foreign affairs. The numen "democracy" is used also in this realm as the essence of reality. A foreign development sought to be brought about is called "spreading democracy"; a development sought to be hindered …

  DI ROBERT HIGGS Cliccare sulla foto per ingrandirla Molte persone vengono ingannate dalle formalità. Per esempio, suppongono che gli Stati Uniti entrarono in guerra contro Germania e Giappone solo dopo che queste nazioni dichiararono loro guerra nel dicembre del 1941. In realtà, gli Stati Uniti erano in guerra molto …