The English historian A. J. P. Taylor told BBC listeners in November 1945 that ‘[n]obody in Europe believes in the American way of life—that is, private enterprise; or, rather, those who believe in it are a defeated party which seems to have no more future than the Jacobites in England after 1688’. Taylor exaggerated as always, he was wrong in the long run (but who isn’t?) and he might have been surprised to learn about the planist enthusiasms of many New Dealers prominent in the contemporary US administration of Germany. But at the time he was broadly correct.
