Post Ww2 Essay

Decent Essays
These two periods are uniquely similar in that the policies that defined each led to their respective ends. In the case of the pre-WWI era, the open-market policies adopted by Great Power countries, as previously mentioned, were designed to benefit the privileged few, and those in the middle-class of the world economy eventually chipped away at this system as they discovered the unfairness these policies were built on. As Frieden writes, several aspects led to the ultimate downfall of the ‘Golden Age’, and all of which stemmed from the rise of anti-Classical Liberalism movements like labor unions and farmer movements: “The gold standard fell apart, never again to be fully restored. Global consensus on the movement of goods, capital and people…show more content…
and its relatively new and unique ideals a head start in the post-war economic order that would surely follow. Despite great losses, the Soviet Union rebounded well following World War II and sat in a powerful position to dictate the terms of the post-war global economic order either alongside of or in direct conflict with the United States and its’ allies. As history tells us, the latter was the case, and the quick decline in relations that took place between the U.S. and U.S.S.R. after WWII led to the quick development of a divide in how each country envisioned the post-war period unfolding. Just as several defining features characterized the pre-WWI period, the post-WWII era was characterized by global conflict- both hot and cold, multilateral cooperation between allied nations, and decolonization led by the United States. These characteristics of the post-WWII era stemmed from the U.S.’s belief that decolonization could lead to the integration of ‘third world’ countries into the capitalist world
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