Denis W. Brogan, “From England” No event . . . has so colored the European view of the United States as “the Depression.” The first news of the crash of 1929 was not ill received. There was not only a marked feeling of Schadenfreude at the snub that destiny had given to the overconfident masters of the new world, but also a widespread belief that the extravagant gambling of the New York market was one of the chief causes of our ills. . . . But as the extent, depth, and duration of the Ameri- can depression began to be appreciated, as its impact on all the world, especially on the dangerously unstable poli- tical and economic status quo of Germany and Austria, became more evident, as the old wound of unemployment was made to bleed more deeply in Britain, the tendency to blame the United States became overwhelming. Gone were the illusions about the “secret of high wages.” If ever found, it had now been lost. American politics was seen as not only sterile but pos- itively immoral and dangerous. . . . American business and its political arm, the Republican Party, had been tried in the balance and found wanting. And it is safe to say that the election of F. D. Roosevelt was welcomed in every country of Europe as good news almost overshadowing the nomination of Adolf Hitler as Chancellor of the German Reich.1. Why would Brogan call the United States “overconfident masters of the new world”? What are his criticisms of U.S. economic policy?
Denis W. Brogan, “From England” No event . . . has so colored the European view of the United States as “the Depression.” The first news of the crash of 1929 was not ill received. There was not only a marked feeling of Schadenfreude at the snub that destiny had given to the overconfident masters of the new world, but also a widespread belief that the extravagant gambling of the New York market was one of the chief causes of our ills. . . . But as the extent, depth, and duration of the Ameri- can depression began to be appreciated, as its impact on all the world, especially on the dangerously unstable poli- tical and economic status quo of Germany and Austria, became more evident, as the old wound of
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
