The United States endured a ten-year long dip in its economy, and it wasn't any minor dip. Billions of dollars and millions of investors were lost in this decade as the US struggled to finance itself. The huge market crash made it even more difficult for the poor to survive and only the top 1% could afford to live as they once were. For ten long years, the inhabitants of the United States continued to work and pray that conditions would improve. As the first world war was raging outside of the US, tensions were running high because of conflicting opinions on the extent to which the US should be involved. The major European powers were all in conflict and as the United States continued to be one of the greatest world powers, questions about its status in the first World War were constant. However, in the US itself, tensions were high because the future of the economy was unsure.
Finally, a solution came to light. The United States would rearm both itself and its allies, bringing itself out of its Great Depression and assisting its allies without technically being involved in the war. Rearming the country and using artillery as a product to sell to the countries who were in battle was an excellent economic plan. Although involvement in WWI from the US changed dramatically, the first step towards intervening, rearming, brought the country out of its deep depression. This strategy ended the Great Depression and greatened the already large power that was the United States, assisting it in its later involvement in the war.
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1 comment:
I like the flow of your writing and the clear identification of various events! Also, this helps to explain why the US was forced to break its original promise of neutrality. Which is because the US already had a dependence of the Allies' business to support its economy. Great job!
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