Class Notes

It is interesting that during the Great Depression, while liberal capitalism was seeming to fail, that America never developed a strong Fascist or Communist party.  In the nations of Russia and Germany, Communism and Fascism were moving their nations out of the Depression faster than the United States.  Stalin’s three five-year plans had industrialized practically from nothing overnight, while Hitler had cut Germany’s unemployment rate in half.  America never really was tempted by these movements.  FDR’s New Deal half-heartily flirted with socialism, but never really accepted the movement.  There was something clearly different about America.  What is interesting now is that after both the Communists and the Fascists have failed, America is now starting to flirt with both.

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