People's History of the United States_ 1492 to Present, A - Zinn, Howard [215]
Back in 1907, Woodrow Wilson had said in a lecture at Columbia University: “Concessions obtained by financiers must be safeguarded by ministers of state, even if the sovereignty of unwilling nations be outraged in the process. . . . the doors of the nations which are closed must be battered down.” In his 1912 campaign he said: “Our domestic markets no longer suffice, we need foreign markets.” In a memo to Bryan he described his aim as “an open door to the world,” and in 1914 he said he supported “the righteous conquest of foreign markets.”
With World War I, England became more and more a market for American goods and for loans at interest. J. P. Morgan and Company acted as agents for the Allies, and when, in 1915, Wilson lifted the ban on private bank loans to the Allies, Morgan could now begin lending money in such great amounts as to both make great profit and tie American finance closely to the interest of a British victory in the war against Germany.
The industrialists and the political leaders talked of prosperity as if it were classless, as if everyone gained from Morgan’s loans. True, the war meant more production, more employment, but did the workers in the steel plants gain as much as U.S. Steel, which made $348 million in profit in 1916 alone? When the United States entered the war, it was the rich who took even more direct charge of the economy. Financier Bernard Baruch headed the War Industries Board, the most powerful of the wartime government agencies. Bankers, railroad men, and industrialists dominated these agencies.
A remarkably perceptive article on the nature of the First World War appeared in May 1915 in the Atlantic Monthly. Written by W. E. B. Du Bois, it was titled “The African Roots of War.” It was a war for empire, of which the struggle between Germany and the Allies over Africa was both symbol and reality: “. . . in a very real sense Africa is a prime cause of this terrible overturning of civilization which we have lived to see.” Africa, Du Bois said, is “the Land of the Twentieth Century,” because of the gold and diamonds of South Africa, the cocoa of Angola and Nigeria, the rubber and ivory of the Congo, the palm oil of the West Coast.
Du Bois saw more than that. He was writing several years before Lenin’s Imperialism, which noted the new possibility of giving the working class of the imperial country a share of the loot. He pointed to the paradox of greater “democracy” in America alongside “increased aristocracy and hatred toward darker races.” He explained the paradox by the fact that “the white workingman has been asked to share the spoil of exploiting ‘chinks and niggers.’” Yes, the average citizen of England, France, Germany, the United States, had a higher standard of living than before. But: “Whence comes this new wealth? . . . It comes primarily from the darker nations of the world—Asia and Africa, South and Central America, the West Indies, and the islands of the South Seas.”
Du Bois saw the ingenuity of capitalism in uniting exploiter and exploited—creating a safety valve for explosive class conflict. “It is no longer simply the merchant prince, or the aristocratic monopoly, or even the employing class, that is exploiting the world: it is the nation, a new democratic nation composed of united capital and labor.”
The United States fitted that idea of Du Bois. American capitalism needed international rivalry—and periodic war—to create an artificial community of interest between rich and poor, supplanting the genuine community of interest among the poor that showed itself in sporadic movements. How conscious of this were individual entrepreneurs and statesmen? That is hard to know. But their actions, even if half-conscious, instinctive drives to survive, matched such a scheme. And in