The Book of History, Vol. 17: The World's Greatest War (Classic Reprint) - Softcover
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Excerpt from The Book of History, Vol. 17: The World's Greatest War
The United States, however, is to a great extent an immigrant nation. Of the hundred million people In the coun try, about one third are of foreign birth, or have at least one parent for eign born. About one-fourth of this foreign element was of German origin. Ties Of blood, race and former nation ality soon asserted themselves. Brit ish or French immigrants naturally took the Side Of the Entente Allies, though a part of the Irish and the French Canadians were, to say the least.
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Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Reseña del editor:
The United States, however, is to a great extent an immigrant nation. Of the hundred million people In the coun try, about one third are of foreign birth, or have at least one parent for eign born. About one-fourth of this foreign element was of German origin. Ties Of blood, race and former nation ality soon asserted themselves. Brit ish or French immigrants naturally took the Side Of the Entente Allies, though a part of the Irish and the French Canadians were, to say the least.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Excerpt from The Book of History, Vol. 17: The World's Greatest War
It is perhaps, not an exaggeration to say that the two years following the outbreak of the Great War, brought about more fundamental and farreaching changes in the economic and social conditions in the United States than had been witnessed in the fifty years which had preceded the war. The foreign trade was at first disrupted and then completely recast; the revenue system was reorganized - government receipts and expenditures were no longer expressed in millions but in billions; government control of private business was indulged in on an unheard of scale; semi-socialistic measures, which would not have been dreamt of a decade before, were accepted without protest; new industries grew up like mushrooms in the night, money flowed into the country in unprecedented amounts. The nation changed from a debtor to a creditor country. Underlying all of these tremendous changes there was going on a fundamental recasting of the relations between capital and labor. Labor found itself more powerful than it had ever been before and it was not slow to wield this power. These changes were an eloquent commentary to the comfortable illusion of American isolation from the affairs of Europe.
The First Effects Of The War Upon Business.
The first reaction of the war upon the business interests of the country was certain to be unfavorable. The intricate mechanism of international trade was for the moment completely disrupted. American manufacturers found many of their accustomed foreign markets suddenly cut off. Shipping facilities were greatly curtailed by the transfer of merchant shipping to military uses. The European stock exchanges closed either immediately before or after the outbreak of hostilities. The London exchange closed on July 31 for the first time in its history, and left the New York Stock Exchange the only important exchange remaining open. Brokers were deluged with selling orders from abroad and a scene of confusion approaching panic resulted. To relieve the situation the governors determined to close the exchange temporarily. The rate of foreign exchange, at first, ran heavily against the United States, especially in England, due to the large amounts owed by American business interests. At one time the rate reached seven dollars to the pound sterling.
It was not long, however, before the situation improved materially. Early in 1915, the Entente Allies began placing orders for large quantities of munitions and foodstuffs in the United States. A feeling of confidence was restored. Trading on the Stock Exchange was gradually resumed.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
It is perhaps, not an exaggeration to say that the two years following the outbreak of the Great War, brought about more fundamental and farreaching changes in the economic and social conditions in the United States than had been witnessed in the fifty years which had preceded the war. The foreign trade was at first disrupted and then completely recast; the revenue system was reorganized - government receipts and expenditures were no longer expressed in millions but in billions; government control of private business was indulged in on an unheard of scale; semi-socialistic measures, which would not have been dreamt of a decade before, were accepted without protest; new industries grew up like mushrooms in the night, money flowed into the country in unprecedented amounts. The nation changed from a debtor to a creditor country. Underlying all of these tremendous changes there was going on a fundamental recasting of the relations between capital and labor. Labor found itself more powerful than it had ever been before and it was not slow to wield this power. These changes were an eloquent commentary to the comfortable illusion of American isolation from the affairs of Europe.
The First Effects Of The War Upon Business.
The first reaction of the war upon the business interests of the country was certain to be unfavorable. The intricate mechanism of international trade was for the moment completely disrupted. American manufacturers found many of their accustomed foreign markets suddenly cut off. Shipping facilities were greatly curtailed by the transfer of merchant shipping to military uses. The European stock exchanges closed either immediately before or after the outbreak of hostilities. The London exchange closed on July 31 for the first time in its history, and left the New York Stock Exchange the only important exchange remaining open. Brokers were deluged with selling orders from abroad and a scene of confusion approaching panic resulted. To relieve the situation the governors determined to close the exchange temporarily. The rate of foreign exchange, at first, ran heavily against the United States, especially in England, due to the large amounts owed by American business interests. At one time the rate reached seven dollars to the pound sterling.
It was not long, however, before the situation improved materially. Early in 1915, the Entente Allies began placing orders for large quantities of munitions and foodstuffs in the United States. A feeling of confidence was restored. Trading on the Stock Exchange was gradually resumed.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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- VerlagForgotten Books
- Erscheinungsdatum2018
- ISBN 10 1330690117
- ISBN 13 9781330690116
- EinbandTapa blanda
- Anzahl der Seiten478
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