The worst war and not the worst recession
This week was the 70 th anniversary of World War II, the worst war in history, whose consequences persist to this day. Over 50 million people, including the slaughter of 6 million Jews and more than 25 million dead in Russia. On September 1, 1939, 60 divisions (ie a million men) invaded Poland and made firewood. None of this would have happened if Neville Chamberlain, British Prime Minister until 1940, had not ceded Czechoslovakia to the Reich in the Munich agreement a year earlier. Western powers, mainly France and the United Kingdom signed its own death to emasculate the Czechs, who had the best defenses in Eastern Europe. That allowed Hitler went into Poland and the ride, knowing there would be no opposition from the east-had signed a pact with Stalin weeks before the cowardly nor-west.
The resulting World War II lasted six years. The country that suffered more than any other was Russia, invaded by Hitler after he broke the pact with Stalin had signed months earlier. With German troops at the gates of Moscow in December 1941, Russia reconsidered and slowly, with losses of millions of men and women, caused by "purging" internal, was recovering territory, meter by meter, with material support from the United States. With the gigantic battles of Stalingrad (1942-43) and Kursk (1943) Soviet Union's invasion of Hitler closed and sealed the fate of Eastern Europe for many decades.
Western historians focus on the great battles in Western Europe, especially the invasion of France on D-Day June 6 1944 and the U.S. war against Japan in the Pacific. Quite rightly, no doubt. But if Russia had not kept Hitler occupied by three long years, it is likely that the outcome of the war had been different and the history of Europe also would have been.
closes the curtain and go on 70. According to many commentators are in the worst recession since the years 1930-35. Lie, my friend Allan Meltzer says in a recent article in the Wall Street Journal. Shows the following figures:
Months GDP Industrial Production Fall recess highest unemployment rate 2007-2009
18 -3.8% -16.9% 9.5% (PPK 10%) 1937-1938 13
-18.2% -32.4% 20.0% 1973-1975
-15.3% 16 -15.3% 9.8%
1981-1982 -12.3% -12.3% 16 10.8%
He said the economic stimulus programs to encourage the consumer has been little or no effect. The actions of the Federal Reserve have created distrust among consumers, especially the abandonment of Lehman Brothers one year ago and the growth of the monetary base by a "maquinazo" of more than $ 1 trillion U.S. (or $ 1,000,000,000,000,000). The fact is that the recession is ending, albeit slowly. And just as there were political blunders that led us into World War II, in the management of the latter situation there have been serious errors in handling, although it is too early to write this story. For Peru, the best we can do in the midst of this commotion is, as Voltaire said, "cultivate our garden."
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