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Introduction The Bengal Famine of 1943Bengal Famine of 1943 Full Description:A man-made catastrophe that killed an estimated 3 million people in Bengal. Caused by British wartime policies—including grain exports and denial schemes—rather than food shortages, it severely destabilized the region on the eve of Partition. The Bengal Famine of 1943 was a devastating humanitarian disaster. The British administration prioritized feeding the army and the war effort over the civilian population. Inflation, hoarding, and the destruction of boats (to prevent Japanese invasion) destroyed the rural economy. Critical Perspective:Critically, the famine was a “holocaust of neglect.” It exposed the utter callousness of the…
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All American presidents since 1945 have been managers of the USA’s global economic empire, Trump notionally fulfils the same role but has little or no understanding of the complexities, challenges and limitations that his predecessors have had to navigate. As with all narcissists, he sees America’s crises through the prism of his own personal experience. The last 24 hours of White House reality TV shows us once again that the economic and ideological factors that have propelled Trump to the Oval
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Defining NeoliberalismSupply Side Economics Full Description:Supply-Side Economics posits that production (supply) is the key to economic prosperity. Proponents argue that by reducing the “burden” of taxes on the wealthy and removing regulatory barriers for corporations, investment will increase, creating jobs and expanding the economy. Key Policies: Tax Cuts: Specifically for high-income earners and corporations, under the premise that this releases capital for investment. Deregulation: Removing environmental, labor, and safety protections to lower the cost of doing business. Critical Perspective:Historical analysis suggests that supply-side policies rarely lead to the promised broad-based prosperity. Instead, they often result in massive budget deficits (starving the state of…
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Introduction NeoliberalismSupply Side Economics Full Description:Supply-Side Economics posits that production (supply) is the key to economic prosperity. Proponents argue that by reducing the “burden” of taxes on the wealthy and removing regulatory barriers for corporations, investment will increase, creating jobs and expanding the economy. Key Policies: Tax Cuts: Specifically for high-income earners and corporations, under the premise that this releases capital for investment. Deregulation: Removing environmental, labor, and safety protections to lower the cost of doing business. Critical Perspective:Historical analysis suggests that supply-side policies rarely lead to the promised broad-based prosperity. Instead, they often result in massive budget deficits (starving the state of…
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In a hundred years time will China offshore its manufacturing to poorer countries? Not if it has any sense. Today Trump’s great retreat from the tariff war began in earnest as some cold economic realities have begun to bite, but what is the historical long view here? This episode explores how offshoring and America’s weakening dollar supremacy, combined with the ownership of nearly $2 trillion of debt by China and Japan place America in an economic position it has never experienced in its nearly
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America’s de-industrialisation, offshoring, its battle to maintain dollar supremacy whilst also restoring itself to being a net exporter have led to historic crises from which there appear to be no exit. President Trump’s recent and clearly failing tariffs against China and the rest of the world are merely an indication of America’s relative economic decline. This podcast explores the factors that have powered rising Chinese living standards, economic and diplomatic power and the factors that ha
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Britain’s political class have realised that the writing is on the wall for them in the past week as Trump’s tariffs as imposed. This podcast explores the contemporary state of international affairs between Britain, America and the EU.Help the podcast to continue bringing you history each weekIf you enjoy the Explaining History podcast and its many years of content and would like to help the show continue, please consider supporting it in the following ways:If you want to go ad-free, you can tak
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Since the beginning of the 21st Century, American internationalism has been in crisis and Trump’s recent verbal and economic threats towards allies has accelerated this trend. This podcast explores America’s 20th and 21st Century internationalist moments and crises.Help the podcast to continue bringing you history each weekIf you enjoy the Explaining History podcast and its many years of content and would like to help the show continue, please consider supporting it in the following ways:If you
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In the past 24 hours there has been further indication that an immense transition in international relations is under way, far more significant that the retreat into isolation at the end of the First World War. Trump and Vance have signalled their intent to shift the US away from its traditional post war role of being the centre of Pax Americana, the metropole of an unofficial empire, to the first amongst great power equals. The consequences for Europe in this realignment will be dire, but there
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Donald Trump has signalled a great strategic alignment away from the principles of Pax Americana, the post war unofficial imperium that America has operated since 1945 towards something that resembles the concert of great powers before the First World War. One of the powers thrown into diplomatic and strategic crisis as a result of this is Britain.Help the podcast to continue bringing you history each weekIf you enjoy the Explaining History podcast and its many years of content and would like to