Although the Second World War was still a long way from being won, even by early 1941, US President Franklin Delaney Roosevelt was already planning for peace. America’s entry of the war may still have been almost a year away, but he could already see the new world order that needed to emerge from the smouldering ashes of Europe. The business of war was very quickly going to have to become the business of peace.
Three years later, under the guidance of his successor, President Harry S. Truman, the Marshall Plan would emerge, a forward-thinking combination of global philanthropy and canny self-interest, rooted in a profound sense of Christian and moral duty, and which kickstarted unprecedented European growth and a chance for the world as a whole to rebuild after the ruinous catastrophe of war.
From the world on the eve of war in 1914 through to the Versailles Treaty and the global financial catastrophe of the late 1920s and early thirties, and the political earthquakes that followed, The Visionaries takes a broad sweep of history with important lessons for today. It’s a reminder that while history does not repeat itself, patterns of human behaviour certainly do.
James Holland’s knowledge of the Second World War and its aftermath gives him unique insight into the far-reaching consequences of the financial policies of Roosevelt and Truman. The sustained period of economic stability they initiated delivered peace to the western democracies for over eighty years and stand in stark contrast to our transactional approach to the world today.