The deluge
by J. Adam Tooze · first published 2014
80% recommend20% neutral
"A century after the outbreak of the First World War, a powerful explanation of why the war's legacy continues to shape our world. The war would make a celebrity out of Woodrow Wilson and would ratify the emergence of the US as the dominant force in the world economy"--
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For those interested, this is covered with detail and nuance in the beginning of Adam Tooze's book "The Deluge" https://www.amazon.com/Deluge-America-Remaking-Global-1916-1...
on “Should America Have Entered World War I?” ↗My idiosyncratic picks, all of them history: Civil War, David Armitage Meaning in History, Karl Lowith Manifest Destiny, Anders Stephanson The Deluge, Adam Tooze The Moral Economists, Tim Rogan The Guardians, Susan Pederson I also enjoyed properly getting to grips with Keynes, Du Bois, Schmitt and Freud for the first time.
on “Ask HN: Favorite nonfiction books of 2018?” ↗…listened to the audiobook version of 3 books by Adam Tooze in the past year and found them to be excellent for understanding how finance works, through 3 separate case studies/examples if you will .. 1. The Deluge: The Great War, America and the Remaking of the Global Order describes how most of the current global financial structures were formed, through the lens of WW1 policy 2. The Wages of Destruction: The…
on “Ask HN: Book recommendations for understanding financial systems?” ↗…incorrect. The overestimated both France and Russia in terms of their abilities. > US played a much smaller role in WW1 than people think Actually is played a much bigger role. Read Adam Tooze book 'The Deluge'. The US economy was essentially fully mobilized by Britain with the help of JP Morgan. And once they joined they provided even more. That's why after WW1 the US was basically a financial super-power.…
on “‘Bismarck’s War’ by Rachel Chrastil Review” ↗…it became clear that the UK would not be able to repay its debt to JP Morgan and its clients if Germany won. Of course, that was not the only reason, but it was a huge factor. (Source: Adam Tooze, The Deluge) (London had, bizarrely, decided to bankroll the Russian and French war efforts in addition to its own, so its debts were vast.)
on “Zelensky leaves White House after angry meeting” ↗