How did Gilded Age Americans ultimately correct the myriad economic ills afflicting the nation? American progressives turned to domestic reform, not global retreat. They turned to regulation coupled with greater international trade and investment, not economic retrenchment. Yet populist insularity is once again proving politically popular. On this point, many of the same critics who warn of a New Gilded Age might be surprised to find that they have much in common with the protectionist Republican Party of yesteryear. Amid the continuing worldwide economic crisis, we are witnessing a global protectionist resurgence. And the nativism and economic nationalism that pervaded the Gilded Age offer an eerie Victorian reflection of present-day anti-globalization sentiment. Global Problems for the New Gilded Age ☀
Thursday 16 August 2012
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