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Stephen, you are of course correct about the connection between war, propaganda and business. I think that has never been more apparent then in the here and now. In the case of the Lafayette, however, I maintain that the business that pushed them along was simply publishing, not the war industry. The L.E. were selling newspapers here in the states while America's military industrial might was still soundly asleep. I really believe that the public spoke and the publishers responded. In this day and age it's hard to appreciate how exotic and exciting that airwar must have seemed to the readers back home.
As far as being "the flagship of this war's propaganda machine", well, I'm not sure...
I would suspect that the American Volunteers got less press in this country than Boelcke, Immelmann & Richthofen did in Germany or Guynemer got in France. The value these people offered to the morale and determination of their countrymen was quite tangible.
If you are talking strictly about the American propaganda machine, well, I would suggest that it was The Lusitania that served as the (sunken) flagship for propaganda purposes. At any doubt, the Lafayette Escadrille makes for a great adventure story. Regardless of whatever ratio of fact/mythology it posesses, it certainly has endured nicely through the years.
Peace,
Jan
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