Published December 23, 2016 12:22:24The New Deal created a national economic boom, and the next generation of Americans came of age as it created a new national identity.
That’s the theme of a new book by the Pulitzer Prize-winning author Edward Luttwak that traces the roots of the American experiment from its origins in the nation’s capital in the 1870s through the end of World War II.
The book, titled “The Great Transformation,” is a chronicle of America’s transformation from a mercantilist, free-trade, industrial-agricultural society to a post-war American democracy.
“What we have now is not a ‘national’ economy.
We have a ‘new’ economy,” Lutweaks said in an interview on Tuesday.
“We’re now a nation of entrepreneurs.”
The book traces the emergence of the nation as a global economic powerhouse that flourished on a massive scale as the country emerged from the Great Depression and began to turn away from the European-inspired mercantile system of Europe and North America to an entirely new form of global commerce based on global trade.
The transformation was born as American entrepreneurs were turning to Asia and Mexico to sell their products abroad.
But it was also a revolution for the country.
As a nation, the United States had never really seen a sustained period of economic growth.
“There wasn’t a great economic expansion, not a great prosperity, and there was no great political or economic transformation,” said Lutwak, a Pulitzer Prize winner for his 2010 Pulitzer Prize book “Weimar.”
“The New World Order was the new normal, the new order, the world order that everybody had come to expect and to accept, and it was the way the world worked,” he said.
The era of the New World was also defined by the rise of fascism in Europe, the Great Recession and the Great War.
The New Deal, which created a series of federal regulations that made it easier for American companies to compete internationally and made it possible for American businesses to operate in a wide range of industries, gave the nation a strong base of support to continue to grow.
“That was the great opportunity for the New American experiment,” Luttwak said.
“The United States did not just become the dominant nation in the world, but it became the world’s dominant nation, and that’s what I’m trying to get at in this book.”
The transition to a new economic order, he said, had a significant impact on the nation.
It was a time of economic upheaval, as companies competed in a new global economy in which new technologies were transforming the way people lived, worked and bought goods.
It also had a major impact on politics.
The new economic model created a strong middle class that grew rapidly and contributed to the passage of the 19th Amendment, the first major reform to the Constitution, which established a limited federal government that allowed the creation of national health insurance and free public schools.
But the new economic system also helped to transform American society in many other ways, Lutwaaks said.
“The Great Depression, for instance, came in 1929 and the government was forced to go to the business world, which meant that many companies had to lay off workers.
That forced people to work harder and people were willing to work more.
And so we had a tremendous increase in the wages of workers.
The Great Depression was the last great economic downturn,” Lutswak explained.
“And that’s a good thing because it created jobs, it created an expansion of businesses, and they created more economic growth.”
The Great Economic Transition of the 1920s and 1930s was also marked by the Great Crash of 1929 and World War I. Both of those events marked a massive increase in unemployment, and both were accompanied by a shift in the American electorate toward a new form the political landscape that would lead to the emergence and dominance of the Democratic Party.
The election of President Franklin Delano Roosevelt and the election of Vice President Henry Wallace in the Great Reunification in 1945 ushered in a period of rapid economic growth and prosperity that lasted from 1945 until the mid-1960s.
The Democratic Party was not the only one that flourished under the New Economic Model, Luttwatkins said.
He noted that the Republicans also saw their party’s fortunes improve during the Great Unification, but they had to contend with the Democrats’ resurgence in the mid-’50s and the decline of the Democrats in the early 1960s.
“So the Great Transformation was not just the last one, but the last period of sustained prosperity for the United State,” he explained.
The end of the Great Tragedy and the arrival of the second Great Wave of economic prosperity that occurred in the 1980s was a period in which the United Kingdom and Germany were the most prosperous nations in the industrialized world, Lutsweaks noted.
The period that followed was characterized