The Transformation of the American Economy, 1865-1914

The Gilded Age, lasting from 1865 to World War I, was an era of economic growth never before seen in the history of the world. The standard of living of the modern age was born during this time of phenomenal transition. Lives lengthen. Wealth exploded. The middle class lived better than kings a century earlier. […]

Prelude to World War I

September 07, 2012 by Ralph Raico With the World War mankind got into a crisis with which nothing that happened before in history can be compared.… In the world crisis whose beginning we are experiencing, all peoples of the world are involved.… War has become more fearful because it is waged with all the means of […]

War Collectivism

War Collectivism: Power, Business, and the Intellectual Class in World War I   More than any other single period, World War I was the critical watershed for the American business system. It was a “war collectivism,” a totally planned economy run largely by big-business interest through the instrumentality of the central government, which served as […]