Showing results for "The Precipice" in History

Is America fated to decline as a great power? Can it recover? With absorbing insight and fresh perspective, foreign policy expert Andrew Imbrie provides a road map for bolstering American leadership in an era of turbulence abroad and deepening polarization at home. This is a book about choices: the tough policy trade-offs that political leaders need to make to reinvigorate American money, might, and clout. In the conventional telling, the United States is either destined for continued dominance or doomed to irreversible decline.

It has been said that if Henry Clay had been alive in 1860, there would have been no Civil War. Based on his performance in 1850, it may well be true. In that year, the United States faced one of the most dangerous crises in its history, having just acquired a huge parcel of land from the war with Mexico. Northern and Southern politicians fought over whether slavery should be legal on the new American soil. After a Northern congressman introduced a proviso to forbid slavery in any territory acquired from Mexico, Southerners threatened to secede from the Union.

Throughout the 1920s, America's public figures considered a prosperous stock market to be a sign of a prosperous nation. While unemployment slowly rose and production dropped, leaders assured everyone that they should have faith in the economy. Then came the Great Crash on Wall Street. The loss of faith in public institutions devastated Americans ideologically just as it devastated the national economy - the US would never be the same again. This brief introduction paints the picture of life in America on the precipice of the Great Depression.