I am quite ambiguous as to what occurred with the cessation of epic poetry. Why has it not lived on like its literary counterparts? Where is the American epic poem that can one can say, "Oh, look, this rivals, if not is nonpareil, to Dante, Milton, or Virgil"? Indeed I wonder, and indeed, I am further befuddled. Can anyone enlighten me?


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). I don't think I can really agree that Milton's cultural impact is significantly less than Dante's. Paradise Lost, like the Divina Commedia, blends elements of both religious concerns and classical epic, making it similarly deeply relevant to the Christian culture of the times and afterward. It has had an enormous impact on both English literature and cuture, and it's still considered significant enough to be frequently taught as a representative work of English literature in the world literature courses of non-English speaking countries. Clearly you are right about Keats and Wordsworth (as far as their writing in the epic genre specifically, not necessarily the idea that they didn't "take"). Neither really produced works that significantly meet the standards of traditional epic.
So if you were unfamiliar with the Mahabharata, Ramayana, or Gilgamesh can be equally ignored if your reading does not extend beyond the West? And the Nibelungenlied can be dismissed because it is largely derived from earlier works...? And the Iliad, the Aeneid, and the Divine Comedy were not? As for influence... just what influence did Beowulf have? The poem was written down between the 8th and the 11th century (although it may have been composed earlier) and the only existing manuscript is dated circa 1010. It's existence was largely unknown until the 16th century and its first owner of record. The first mention of the work in print is from a letter dated 1700. Transcriptions of the manuscript were not published until 1815 and translations needed to wait until the 19th century... 1895 for the important William Morris edition. Where is the influence on world literature in that history? 
