Abstract

Although the political settlement of 1919 was based on the principle of nationalism, the expectation was that the economic system would remain international. But in the post-war decade nationalism spread steadily to economic matters. In 1920 the United States underwent an extreme reaction toward political and economic national isolation which it was forced to temper somewhat in the ensuing ten years. The New Deal shows a tendency toward international politicl co-operation, but only toward such as is consistent wich a plan of national economic development. Internally, the New Deal promises to strengthen American national solidarity by increasing the integration of economic activity and organization around a national plan and by emphasizing the difference between that wich is comprised in the national plan and that wich is outside it.

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