Tuesday, December 1, 2020

Born in the USA: The Book of American Origins by Trevor Homer


 
Five Stars

Born in the USA: The Book of American Origins by Trevor Homer

A fascinating, interesting, and eye-opening look at the good, bad, and ugly things that made America a world leader.

I loved the well-edited, enlightening, and informative glimpses into this fast moving delivery of true history in the making that made the book a five star read.

Excerpt: Considering the atrocities performed by the defeated Nazi regime and the high financial cost of the war, it might have been understandable if America had insisted on large-scale reparations along the lines of those following World War I. For the first time in history, a nation-state decided to do the precise opposite. America was the only country left that could provide funding on a scale large enough to be meaningful. It was only America that could make a difference. In 1945, the USA lent Britain $3.8 billion and France $1.0 billion. Between 1948 and 1954, it gave further advances totaling over $16 billion to European countries, including former enemies, to promote economic stability. Sums such as these were enormous for the time. The United States, in effect, averted the paralysis of the world’s capitalism.

No comments: