preview

United States Economic Analysis

Decent Essays

Imagine being a United States citizen in the late 1800s civil war had finished about a decade ago and the United states borders have reached their limits sandwiched by mexico and canada. For the United States to be considered a world power it needed to expand so the US set its sights on buyable land and small islands they could conquer. Even though the United states had fought and won against a lot of the European world powers, they didn’t develop an identity as a world power until 1870s when they started being more imperialistic, buying, and trading with new lands. As Well as improving the US economic system. An example of how the United States started being more imperialistic which would lead to the US being considered a world power is when they defeated Spain and drove them out of the Philippines, Cuba, Puerto Rico, and Guam. Pavlos Efthymiou tells about how, “America was facing a winnable war which would bring gains in terms of influence, security and trade” (Efthymiou). This was huge for the Americans as they drove one of the current global powers off and decreased Spain’s trade with those islands and at the same time increased the US trades. …show more content…

During this time of WWI the main thing the United States brought to the table was not their soldiers, their tactics, or machinery, it was their economy. Tooze’s study on WWI tells us how “...the balance of power was visibly tilting from Europe to America…’American investors had wagered two billion dollars on an Entente victory,’ computes Tooze (relative to America’s estimated GDP of $50 billion in 1916, the equivalent of $560 billion in today’s money)” (Tooze). This is why the United States became a world power but isn’t it ironic that instead of losing money in a war they gained

Get Access