Quote:
Originally Posted by classicman
... a long list of economic articles ...
|
I have not read most of them yet. But a few factors appear contradictory - caught my attention. For example, the Spanish American war is cited as America creating foreign investment. However the time period (ie 1914) is when America was financing European military buildups. American after the 1900s had become a major source of international finance. American wealth grew at the expense of European military fiascos. A factor that undermines the author's Spanish American premise.
A second example would be the recession created by the Gulf War in 1991. Well America never really paid for that war. A recession would not be due to expenses from that war. So maybe the war created an export trade downturn? I don't know. But many forget who paid for that war.