The Fall of an American Rome: Deindustrialization of the American Dream

By Quentin R. Skrabec Jr. | Go to book overview

CHAPTER 4. A NEW WORLD ORDER

The post-World War world is far different than the world prior. A global division and competition in ideology between communism and capitalism often dominated the news and American psyche, but it made little difference to industrial America. Initially, after World War II, America was the only game in town, dominating in steel, auto, rubber, and durable goods manufacture. The adoption of the Mont Pèlerin Society’s economic philosophy meant little while the competition from Germany, the rest of Europe, and Japan were in ruins. Peace, the United Nations; and Western unity vis-à-vis the rest of the world took priority over trade when it came to setting American policy. In any case, American industrial exports were robust as the world rebuilt. Nonetheless, the world order of Mont Pèlerin called for the decline of American prosperity. America’s steel industry was to feel it first.

In 1947, the United States produced an amazing 57 percent of the world’s steel. It was limited in exports by the booming domestic market it had to supply. American money, however, flowed quickly into the rebuilding of the world. The first sign of a future slowdown for American industry was in exports. By 1960, United States accounted for 26 percent of the world’s steel production, and Japan was the world’s leader in steel exports. This was a silent change. The loss of exports hardly seemed like a crisis; Americans were happy to dominate the domestic market. The problem became more acute for the steel industry in the 1970s.

-45-

Notes for this page

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items
Notes
Cite this page

Cited page

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Note: primary sources have slightly different requirements for citation. Please see these guidelines for more information.

Cited page

Bookmark this page
The Fall of an American Rome: Deindustrialization of the American Dream
Table of contents

Table of contents

Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this book

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen
Items saved from this book
  • Bookmarks
  • Highlights & Notes
  • Citations
/ 204

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Search by... Author
    Show... All Results Primary Sources Peer-reviewed

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.