Also took away from the essential market from European and Latin American countries . Many people in these countries lost their jobs , as factories were not able to sell products to the United States , farmers raised their tariffs , and excluding American manufactured , farm products from the foreign market . Wilson Believed in low tariffs , had reduced to increase them and the demand was growing for higher tariffs . The nation Europe had have accumulated huge debts during World War One and borrowed massive amount of money from the United States to buy war goods .Around 1918 the total amount owed to the U.S. was 10 billion dollars . The United States lowered interest rate on loans .Europeans faced difficulties in repaying and the high tariffs in the U.S. prevented Europeans from earning the dollars they needed to pay off the loans
Americans initially favored neutrality, but events like the sinking of the Lusitania and the Zimmermann telegram provoked the U.S. to join the war in support of the Allies (Shi and Tindall 754-757). Less obvious factors, such as nationalism, imperialism, and business opportunity, also contributed to the war. The war ended in 1918 after immense bloodshed, but President Wilson failed to get the Treaty of Versailles ratified by the Senate (Shi and Tindall 773). As a result of the war, Europe was significantly weakened, harsh punishments were imposed on Germany that later led to WWII, and America emerged with a strong economy as a dominant world power (Shi and Tindall
Historians believe that one major reason for this was that the American Revolution showed that Britain could be defeated on the battlefield and at sea.. Without the hammer that Britain could raise as a threat, it could no longer simply dominate negotiations with enemy forces. At the same time, Britain's shipping was vulnerable because of the amount of merchant ships converted into war ships; loss of colonies decreased production. This exposed the jugular of Britain, to be very nearly ripped out by Napoleon less than a decade later. The amount of respect the Britain lost by losing a civil war was enormous and resulted in a weakened position at the negotiating
Soon after the Seven Years’ War, the British and the colonists learned that victory came with a rather expensive price (Kennedy, Cohen, & Bailey, 2010). Great Britain tightened its grip on the colonies in North America, expecting colonists to pay for their financial struggles. In order to make colonists pay for the war, Great Britain reminded the North American colonies who had authority by controlling the colonists to submit to various ordinances ratified by British Parliament. This action only showed that arrogance leads to rebellion socially, economically, and politically. Socially, a lack of communication between Great Britain and the North American colonies was to blame for the Revolutionary War.
And being that the farmers make up to 1/3 of the nation in the 1930’s, their decrease in export and lack of income had a big severe effect on the nation’s economy. However, the president of the United States at the start of the great depression, was Herbert Hoover. Hoover took the presidential office in 1929, his believes and words to the people of the Unites State was that, the economy will recover. Though the situation of the economy was very bad and heart breaking. He believe that the economy will turn around and become good.
Germany went through a great depression, the government tried to make more money to make the depression go away but this was the worst thing the German government could have done. This caused hyper-inflation. The Treaty of Versailles hurt Germany significantly by hurting their armed forces limiting their army to 100,000 men, hurt their economy and industry by losing the Saar region and Prussia losing fertile farming land due to the agreement of the Treaty of Versailles, along with the other major impacting factors Germany had Kaiser and Germany had to pay approximately 6,600 million pounds.
In a time after World War I, in which the United States emerged as a world military and industrial leader, many of the citizens wanted to return to the government’s old policy of laissez-faire economics. This was a drastic change from the strong sense of nationalism that arose throughout the citizens of the United States during World War I, creating acts such as the Sedition Act of 1918, which made it a crime to criticize the government’s war policy. The decade of the 1920’s ended with the crash of the stock market which eventually led to the Great Depression, a worldwide economic depression that took place mostly during the 1930’s. It is in this context that America began to break away from its past and transform into a more modern era. While
For example, Germany suffered heavy loss after the First World War. Not only they could not make a large military, they had to pay heavy reparations to the allied countries. Then Hitler rose up to break the treaty of Versailles and brought limited power to the people. That was the positive effect to the German Aryan races. However, the negative effect comes later in the Second World War.
Germany after World War 1 would never be the same. Germany lost World War and resulted in their country beginning to fall apart mostly impacting the economy. Germany was angry and embarrassed having lost the war but what impacted them the most was the terms of the Treaty of Versailles that destroyed Germany’s economy. The Treaty of Versailles imposed reparations from the war leaving Germany with huge debts. “The situation was made worse by economic problems created by crippling war debts,the burden of having to pay reparations, and high unemployment.” The Treaty of Versailles said that Germany must pay reparations to the other countries which left them in debt because Germany no longer had any money and it eventually led them into hyperinflation
Another cause was The Great Depression which left countries with unstable governments and worldwide turmoil. One other cause was Japanese militarism and invasion of China in the 1930s. Another cause of the war as The Treaty Of Versailles which put strong economic sanctions on Germany and extremely restricted their military size and power. This was due to their major involvement in World war I. The United States joined the war in December of 1941 when Japan attacked Pearl Harbour.
Kyle Neidig HIST 101 Journal 2 What events eroded the bonds of empire during the 1760s? The event that began the eroding the bonds of empire during the 1760s was the sugar act of 1764. The sugar act placed a new burden on the Navigation Acts, which forced Americans to trade almost exclusively with Britain. This was an issue because the navigation acts were n primarily intended to raise money for the British government, but sugar act changed the relationship between America and Britain because parliament now expected the colonies to generate revenue (American Stories P. 118). Americans believed that the Sugar Act taxed the colonists in a manner inconsistent with their rights and privileges as British subjects.
Hence, it is imperative one understands the role the Lusitania played during the Great War. To begin, During the Great War, the U.S. was in an economic slump, and the war was a means of jumping out of this recession. The U.S. merchants began trading arms with the Allies, especially Britain. To stop this, Germany initiated the Unrestricted Submarine Warfare policy. Unrestricted submarine warfare meant that whenever German U-boats saw ships or vehicles which were not under the control of the Central Powers or were believed to carry goods for the Allies, they destroyed them.
I believe that America should delay armed conflict until prepared for warfare because of America’s weakened economy and military. Jefferson’s Embargo Act of 1807 crippled the economy when it confined all US ships to harbor in an attempt to deny France and Great Britain agricultural and manufactured products. Instead of harming Britain and France, this act hurt America’s economy, leaving thousands unemployed. By preventing trade, the heart of our economy was halted and caused a recession. Even after the Embargo Act was repealed and replaced with the Non-Intercourse Act and then Macon’s Bill #2, Americans are penniless with the destruction of commerce from embargoes.
The French and Indian War can be argued to have the most effect on altering the relations between Britain and the Colonies. The relationship between these two power houses began very subtle, as England followed through with a policy of salutary neglect toward the Colonies. The consequence of the war caused the Political and the Economic state of Britain to changed dramatically, causing them to act differently towards the Colonies. This made the Ideologies of the colonies change greatly. Becoming a winner of a mass of land was great to reward to Britain, but this caused them to change the way that they were going to govern, especially in North America.
The Great Depression in 1929, brought a significant unemployment and financial fall to the America’s economy. President Franklin Roosevelt’s administration focused on the recovery and the transformation of the nation’s economy. In other to improve the economy, his administration introduced numerous programs to help in the recovery. The President created the New Deal relief program to attack the crisis. However, World War II was a war between the superpowers, a military crisis that also defined the American history.