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The impact on the American financial system of these industries and their industrial enterprises and accomplishments was immense. The U.S. economic system was booming, especially the automobile trade. In some years, 10 million new automobiles have been sold. For a few years afterwards, American auto manufacturers dominated the world market. However after a interval of complacency, major auto makers encountered the formidable competition of overseas auto makers, principally the Japanese and Germans.
The Crimson utopian promises have failed and left thousands and thousands of once true believers disillusioned of their wake. Nonetheless, among intellectuals who nonetheless subscribe to the opportunity of a man-made utopia, and among have-nots witnessing an ever-widening hole with the haves in bottom-line capitalistic nations, forms of Marxism still retain drawing power.
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