Jacob

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This third economic model spawned by the war, the model of inter-Allied cooperation, was eclipsed in historical memory by its two chief competitors – Germany’s planned economy and America’s capitalist abundance.24 Nor was this any coincidence. The victor states were liberal political economies that chafed at state regulation.
The Deluge: The Great War, America and the Remaking of the Global Order, 1916-1931
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