After two world wars (1931)
Citations (1)
- The Warburgs: The Twentieth-Century Odyssey of a Remarkable Jewish Family whole source · open book
After two world wars, hyperinflation, the 1931 banking collapse, and Adolf Hitler, Siegmund could never scrub past disasters from his mind. A chronic worrier, he gloomily foresaw postwar America sunk in a deep economic morass and chided America’s religious faith “in the automatic effects of unbridled private enterprise and competition if only laissez-faire economics are allowed to run their course.”16 Still leftish in outlook, he predicted that Soviet living standards would overtake those of England and possibly America.
chapter: 38 - The Upstart