From 1917 to 1919 Woodrow Wilson argued Essay

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1 From 1917 to 1919 Woodrow Wilson argued that the United States faced new responsibilities for global leadership, and advocated U.S. participation in the League of Nations, a collective body designed to ensure international peace, security, and prosperity. Most Americans rejected Wilson’s overtures, however. Beginning in 1937 Franklin Roosevelt (and Truman after FDR’s death) made arguments similar to those of Wilson and ultimately built widespread public support for full involvement in World War II and postwar international organizations like the United Nations, the IMF and World Bank, etc. Why did Roosevelt and Truman succeed where Wilson failed? Had the new Democrats presented their initiatives more skillfully, had Americans…show more content…
To continue and expand their alliance, the Big Three agreed to establish an international body to replace the discredited League of Nations. America at home: By the end of 1945, war induced prosperity launched the United States into an era of unprecedented economic growth. Pent up demand after years of wartime mobilization made Americans eager to spend. Over the next two years, the GDP tripled, benefiting a wider segment of society than anyone would have dreamed possible in the dark days of the Depression. American global supremacy rested in part on economic institutions created at a United Nations conference at Bretton Woods, New Hampshire, in July 1944. The International Bank for Reconstruction and Development (known commonly as the World Bank) provided private loans for the reconstruction of war-torn Europe as well as for the development of Third World countries. A second institution, the International Monetary Fund (IMF), was set up to stabilize the value of currencies and provide a predictable monetary environment for trade, with the U.S dollar serving as the benchmark for other currencies. The United States dominated the World Bank and the IMF because it contributed the most capital and the strongest currency. In 1947, multinational trade negotiations resulted in the General Agreement on Tariffs and Trade (GATT), which led to the establishment of an international body to oversee trade rules and practices. The
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