The crash of 1929 affected the economies world over. America had a lion’s share in shaping UNO and international policies. The ever-strong Dollar always supported and dominated the world markets. Truly it was regarded as the “Land of opportunities” for people world over. The significant position was also due to her success in stopping the spread of communism.
All over Europe and especially Eastern Europe America was considered as the protector of small nations, who were being protected from getting disappeared behind the “iron curtain”, the term Sir Churchill coined for the communist barricade constructed by Soviet Russia and her allies.
It was during this time General De Gaulle and Sir Winston Churchill were talking of unifying Europe as one strong entity. Most countries in Europe did not favor the big American Bully. French were extremely apprehensive about constantly referring to the big brother cross Atlantic, and so was the English. At the outset, the idea seemed preposterous and outrageous. Countries that had fought against each other for more than two thousand years, dynasties that had rivalries and animosities which ran down from generation to generation, to come together to form one supreme power was an idea that certainly sounded impossible. However, the foresight of most leadership during the time saw it as an inevitable outcome of the time. Churchill, for instance, coined the phrase “United States of Europe”. He spoke of common markets, common currency, and united interest in peace. Today after half the century down the line the dream turned into reality. The conquered and the conquerors came together to have a capitol, democratically elected parliament, a flag, an army and to top it all a common currency Euro which is already giving Dollar a run for its value in the international markets. It is now possible to move within Europe, without having to exchange the money, never show your passport and even speak English. .