National Affairs: The Huge Credit

Amid the anti-American shellbursts of the crisis, the London Times's influential Editor Sir William Haley reported to his readers on a recent tour of the U.S.: "It is easy to be superior about American brashness and naivety, to be scornful of material progress as a purpose; to picture a whole continent slowly being moulded to the ideals of Hollywood," he wrote. "These things are only the surface froth that gets whipped about by the winds of publicity. Underneath there is the great solid sea of an American nation as simple in its aspirations, as traditional in its virtues, as conscious of...

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