By Ziauddin Sardar
Propelled via its mythology, the US pursues its dream relentlessly. the following, the authors divulge the darkish part of that delusion: demise, anguish, perpetual worry, an expanding divide among wealthy and negative, a squandering of the human destiny, and the relentless development of an increasing number of pretexts for destiny wars.
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Black, Jeremy. British Foreign Policy in the Age of Walpole. Edinburgh: John Donald, 1985. Black’s discussion illuminates the role of European diplomacy and warfare in Walpole’s regime and makes the impact of those policies on Walpole’s tenure and colonial politics clear. ———. Robert Walpole and the Nature of Politics in Early Eighteenth-Century Britain. London: Macmillan, 1996. Black’s brief survey presents a clear portrait of the structure of politics in Britain in the eighteenth century and the methods employed by Walpole to maintain his control.
The directors of the company, however, were engaged as much in manipulation of public debt as in actual trade. With the assistance of Parliament and the direct involvement of key members of the cabinet, the company sought to exchange shares of stock for holdings of public debt, a workable scheme as long as stock prices continued to rise. When the crash came in September 1720, it provided the mechanism for Walpole to secure his supremacy through skillful crisis management. The Bubble Act that followed the crisis put joint-stock operations on more secure (and more state-regulated) ground, leading to two decades of slower but steady expansion of overseas trade.
Bowen, H. V. Elites, Enterprise and the Making of the British Overseas Empire 1688– 1775. London: Macmillan, 1996. Useful discussion of how the key interest The Era of Salutary Neglect 37 groups of the Walpole era—landed interests, the merchant elite, and financial figures—came into alliance on major policy issues after 1720. Burke, Edmund. The Writings and Speeches of Edmund Burke. Paul Langford, gen. ed. Vol. 2, Party, Politics, and the American Crisis, 1766–1774, ed. Paul Langford. Oxford: Clarendon Press, 1981; vol.
American dream global nightmare by Ziauddin Sardar