Tag: despression

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The China Question

Is the American era over? I begin to wonder if the answer is yes. History is the reason. In 1914, the British Empire spanned the globe, and London was the financial capitol (eh, capital would work, too) of the world. Four years later, England’s fortunes had changed. The country had shifted much of its manufacturing production to the war and spent quite a bit of its capital supporting European allies. Meanwhile, the United States picked up manufacturing slack and monetary might. Could America’s fortunes change so quickly?