[QUOTE="FieldMarshal, post: 17198280, member: 100671"
I’m not much of an economist so I don’t know how interrelated those would be, it’s clear that the policies of the Taft administration led to both the Second Depression and the losses of Europe and China to the Reds. Perhaps Dewey winning the nomination and the presidency in ‘48 would be a good PoD for a TL trying to avoid one or both events.[/QUOTE]
During the war the USA was the so-called Arsenal of Democracy basically producing the bulk of the material used by the Allies so in the immediate post-war had an enormous production capacity while the rest of the world was devastated; unfortunely they lacked just one thing...client as the same nation that were competition were also her best client that by now cannot afford that much. Basically it was a rerun of the first postwar only bigger and badder, once the President and the congress started hear any economist with a valid degree instead of the party ideologues that warned everyone about giving the Euros an handout and a free launch, it was too late.