Perceiving minimal differences in the two sides’ war aims, Wilson first offered mediation and then called for “peace without victory.”Ĭopyright ©2023 Dow Jones & Company, Inc. Deluge offers a new international history of the years after 1916, the moment at which the international order began to reorient itself around the pivot of American power. that would have kept the Allies going, because nothing, in his view, justified further slaughter. President Woodrow Wilson ordered the Federal Reserve to block additional loans by J.P. Tooze identifies those struggles as the crucial moment when the Allies ran out of funds. In “The Deluge: The Great War, America and the Remaking of the Global Order, 1916-1931,” Mr. In the depths of the Great War, with millions dead and no imaginable end to the conflict, societies around the world began to buckle. Two million soldiers died squalidly in the mud of northern France with little change in the battle lines. Military buffs recall that year as the terrible time when the British and French fought the Kaiser’s armies to a draw at Verdun and the Somme. The American Century, contends the historian Adam Tooze, began in 1916. raised billions of dollars for the war effort through the sale of special stamps and bonds. Footing the bill Beginning in 1917, the U.S.
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