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The Economic Tasks of the Postwar World

Roosevelt and Churchill aboard HMS Prince of Wales.

THE United States is passing through a great psychological crisis. It is having to think out afresh its whole fundamental conception of its place in the world and its relationship with other countries. In the nineteenth century European immigrants by the millions quit the Old World in search of opportunities for a better life in the New. The vast stretches of the American west -- its forests and fertile plains, its mineral wealth and latent resources of power -- conjured up a restless spirit of enterprise. There was a will to do among Americans of that period, whether old settlers or fresh arrivals, a will to grow, to build a new society in the New World free from the restrictions upon individual opportunity which had been characteristic of the Old. Average Americans in that age felt little direct concern for the affairs of Europe. They wished merely to live their

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