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Abstract

Integrating America

Houghton, William M. | March 28, 1918 issue

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The American industrial and financial results of the third liberty loan could be predicted from the experiences of Great Britain. Already, the Government has borrowed or conscripted for war purposes an amount of savings considerably beyond the normal yearly surplus of production over consumption, and that if any margin of savings remains as the result of the patriotic acceleration of industry and thrift, it will be swept away. The collection of the third and greatest of liberty loans should entail an alteration in American life industrially and psychologically. foreign loans

See Also:

LOANS; UNITED States -- Economic conditions; SURPLUS (Economics); CONSUMPTION (Economics); GREAT Britain; UNITED States

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1860s, 1870s, 1880s, 1890s, 1900s, 1910s, 1920s, 1930s, 1940s, 1950s, 1960s, 1970s, 1980s, 1990s, 2000s

H.L. Mencken, "An Eminent American," July 11, 1923.

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