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An interventionist state, the capture of global markets and the destruction of economic opponents (Germany and Japan) and the loss of Britain’s economic world power saw America emerge as the wealthiest nation in world history from 1945 onwards. This prosperity would shape the hopes and ambitions of an entire generation.Explaining History is funded through advertising and donations. For more content, journalism and ideas, visit the Explaining History Patreon page here: https://www.patreon.com/use


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