Causes Of WWI: Business Boom In America

It is a known fact that war causes inflation which makes the prices of everything go higher as well as taxes. After World War I instead of going back down the prices continued to rise which helped to contribute to the deep depression felt during the Great Depression.

The Great War started in 1914 and finally ended in 1918. The war started because of Archduke Franz Ferdinand being assassinated by a Serbian. This caused conflict in many European countries because he was the emperor of Austria’s nephew. The war was originally fought in Europe and the Middle East but then came over to North America when the U.S. joined the war in 1917. The U.S. government voted that the country should go to war when Germany sunk and destroyed many American ships. America became most angry with the situation when Germany torpedoed Lusitania. When the war ended, nearly 117,000 Americans were dead. Before the war started, the American economy was bad and the unemployment rate was high. Then, Europeans started buying American equipment for war. Also, there were many jobs needed to make new equipment for the U.S. to fight in the war. When the U.S. joined the war, many jobs opened up and the unemployment rate went down by over 7%. This war greatly affected America because it improved the American

Because of the guns and bombs that were being sold to our allies and the U.S. buying supplies that were needed to make the guns and bombs the U.S. was getting richer, with the amount of money the U.S. made it recovered from The Great Depression quickly. But not everything was so great because the taxes on the basic things that a person needed went up and some of America's personal money was being use. In just 6 years of being in the war the United States purchased about $186 billion dollars worth of war bonds.

A main change that was seen was in the breakup of the huge plots of land that had been owned by the wealthy before the war. After being broken up and dealt out to smaller business owners, there were more opportunities to make money. Additionally, the land in the west that Britain had owned was given to America. This land was expanded upon and used to make money. On the debt side of things, trade that had been flowing into America steadily, from Britain especially, was slowed or stopped all together making it hard for people to get goods that they would turn around and sell and causing businesses to go into debt.

In terms of the economy, the war helped to end the Great Depression. Military spending that began in 1940 to bolster the defense effort gave the nation’s economy the boost it needed, and millions of unemployed Americans returned to work to make the weapons of war needed to protect the United States. Mobilization required enormous organizational adjustments. The nation worked closely with businessmen, specifically business leaders who had incurred the wrath of President Franklin D. Roosevelt in the

The American economy flourished after World War I. The United States was involved in the war as part of the Allied Powers, and continued to have economic links with their allies, especially Great Britain. Their success in the war made it possible for American soldiers to return back home in 1919 to an economic boom (Baughman 197). Part of this economic boom was due to wartime production. During the war, the petroleum and steel industries were revived and new industries like plastic and rayon production were created. Additionally, more money was spent on technological advancements and making workers more productive, which led to higher wages and more disposable income (Feldmeth).

When World War I ended the United States was in a recession and millions of veterans were looking for jobs and it was weighted on the war contracts. There was also a shortage in food and products that were not being produced which caused high prices and inflation. The cost of living also doubled and that caused major stress for all Americans. The Americans had little patience for what was happening with the economy. They just wanted to forget about the war and start over. The majority of the American believed that the business sector was going help the recession. The Americans were afraid that the communists might be able to succeed and come into America.

World War 1, America began to undergo political post war trends that greatly affected the country. One of these trends was the wave of nativism, which was a prejudiced belief against foreign-born people. In addition, this thought eventually led to the idea of isolationism. This belief was a scheme that pulled america from foreign involvement due to World War 1. These negative feelings swept across the country causing a numerous of problems in the U.S. Over hundred’s of foreign born immigrants were deported without trial, civil rights were trampled, and homes/offices were invaded. Furthermore, with these belief roaring throughout the U.S, more radical groups were being formed. For instance, the Ku Klux Klan soon came into power in order to

The Government needed to earn money to participate in the war, and so the government raised taxes.The Government raised enough money, more than $25 billion. Prices went up on food and fuels, before the war you paid 25 cents for a loaf of bread and after the war you paid $2. The economy was strong in the US, this period is often called "The Roaring '20s." The government 's debt shrunk, and there was also a rise in profits, what helped make some people rich. The price that farmers could get for their crops fell, and the farmers didn 't have enough money to buy more land. The US economy collapsed and the Great Depression began. The value of stocks fell, and some even lost all their value, this was called "Black Tuesday". During the Great

World War I gave many impacts upon the American Society from giving the U.S.A. and its industries success and economic strength. It also pushed the advances in technology and gave multiple jobs to many Americans. Women began working while their husbands were away, for the need of jobs that men would have or any other needs that needed to be done.

The start of World War Two led to a rapid economic surge throughout the United States. Factors that caused this included the increased military need for manufacturing, the mobilisation of previously unemployed workers, and the expansion of industry spurred by the war effort. These things, coupled with dramatic spending by the federal government, made manufacturing an influential part of the American economy. Although it is possible that America could have economically recovered without the war, the United States used WWII to propel into an era of strengthened economic influence internationally.

World War I delayed the spread of government in the name of economic welfare. Instead, it allowed for expansion of government in the name of securing liberties…our founding principle. World War I mobilized our nation to support our allies and eventually our own troops in the fight against the Central Powers. Unprepared for war, the United States had to act quickly. The federal government assumed new power in order to convert the economy for war. The Wilson administration took few but very powerful steps to convert

The second World War affected the United States economy in several ways. When World War II began, the United States was in the Great Depression- a time of intense economic suppression and widespread dejection across the nation lasting from 1929 until 1939. The effects of World War II are still represented today. For example, the price of one gallon of gas in 1940 was only eleven cents (Myers). Today, the cost of a gallon of gas has been increased by eighteen times the amount it was before the war. This stark difference is due to a state of inflation brought upon by World War II. Inflation was not the only side effect of the war. World War II affected the United States by ending the Great Depression, transforming American industry, and mobilizing the economy.

The First World War left much of Europe in complete disarray however the USA, having only joined the war in its last year, suffered much less physical and economic damage. There is still debate over whether World War One was the main reason for the boom in America or whether it was due to other factors. Potter is convinced World War One acted as a catalyst for the boom by causing growth in industry, accelerated productivity and the laissez faire attitude of the federal government. Conversely, although Jones acknowledges the war caused some growth in industry and demand he gives more credit to technological advancement and innovation. Gerstle, likewise, gives credit to technological advances but also, similarly to Potter, sees the war as

World War II brought the US out of this period of slow growth. The military needed tanks, planes, guns, and everything else needed for the war effort. People were either back to work or overseas fighting. Production and growth rates reached new highs.