My Blog

Week 2

The reading for this week was immensely informative.  It is important to remember that while the United States was dealing with the failure of the banking system over here, the same thing was happening in much of Europe.

 

I found it interesting the xenophobic French, because of their distrust of foreigners, insulated themselves from the economic turmoil, at least partially, for some time.  As I was reading that and wondered if a leading economic power in the world today would be able to isolate themselves from the rest of the world to avoid tough global economic recessions.  I personally think that the economy is far too global to allow a country to be a major player in the world market, and also afford them the benefit of being isolated from any economic problems that may arise.

 

While outside the scope of this study, I would be interested in seeing how the European and United States economies were doing in relation to the rest of the world.  Very little was said in the book about what was going on in the Soviet Union or Southeast Asia.  While this book did hint that the Soviet Union was looking at the financial collapse as the natural end of capitalism.  It was not really a surprise to them, it was expected.  And what were the Japanese thinking about this?  Again these question were certainly outside the scope of this work, but they were questions that I thought of when reading.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Test.

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