American Business and the Approach of War 1935–1941

Roland N. Stromberg

The Journal of Economic History, 1953, vol. 13, issue 1, 58-78

Abstract: The question whether business, or capitalism, has been a force for peace or for war has been one of some historical interest. Before 1914 there were few to challenge the thesis of the great liberal-capitalist ideologists—Comte, Spencer, Fiske, to name only outstanding specimens —that the triumph of free enterprise meant the end of war, or its progressive decline; that the businessman would make a world in which the arts of peace permanently displaced those of war. But after the World War there naturally arose schools which sought to establish that capitalism carried within itself the seeds of ferocious wars. The thinking of a disillusioned generation was powerfully influenced in this direction. The loosely drawn but vehement indictment of capitalism as partner of Mars can be read in such typical pieces of the ʼ30s as H. N. Brailsford's Property or Peace (New York: Covici, Friede, 1934) and C. H. Grattan's Preface to Chaos (New York: Dodge Publishing Co., 1936). But these Marxist theories have been subjected to devastating criticism.

Date: 1953
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