With the American Declaration of Independence in 1776 the ideal of freedom, both individual and national, seemed to have found a new and permanent home. Yet by 1914, the year that ended an epoch, liberalism had proved inadequate. In industry the pressure was towards monopoly and increased organization, especially in America; while in Europe national freedom had swollen to anarchic proportions. This book traces, with brilliant clarity, the interplay of principles and practice.
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