During the war, massive investment in the staple industries had taken place. Once the war was over the demand of these products fell. The decline of the staple industries was also the main reason for the bitter industrial relations which developed in post-war Britain. During the war actually industrial relations had improved. Trade unions reacted patriotically to the outbreak of... ... middle of paper ... ...acklash against the movement’s right afterwards.
The More Significant Feature of Britain's Inter-War Economy During the inter-war period Britain's economy was not performing well. As the First World War had cost Britain millions of pounds, not to mention millions of lives, the potential debt was crippling. Yet did this hinder Britain's economic growth so that it could not return to its pre-war level? You could argue that Britain's economy was. However, masked behind a series of setbacks outside the government's control, the statistics told a story of decline.
Although the war had mostly negative effects on the United States after it, the war helped make the U.S. an international superpower. After the conflict, European nations began to depend on the U.S. for both foreign goods and aid. The war devastated the European economies, creating a dependence on the U.S. manufacturing that helped produce a post-war economic boom in the U.S. The war also marked the beginning of the era of international intervention from the U.S. Overall, World War I was a positive experience for its citizens during the war, but not after, and it was a positive experience for the nation’s economy and power both during and after the war.
Also Canada’s dependence on a few primary productions and dependence on United States had a huge effect on the depression. Canada’s economy is linked closely to the U.S and when the American economy got sick Canada suffered because they no longer needed products produced such as sold wheat, fish, minerals, pulp and paper. When the depression hit demands for all these items dropped as well as other countries produced huge surplus which drove prices down. Another cause was Canada putting on high tariffs was a factor of the great depression as well but effected many countries because it chocked off international trade, countless countries put high tariffs on goods coming into their country to protect homeland industries which caused trades between nations begin to slow down. Even credit buying and stock buying was a ... ... middle of paper ... ... money from the munition workers and they would feel secure enough to buy a dress and then the tailor would feel confident to go and buy a dresser and so on.
The First World War was the main reason for America’s industrial strength as many countries were paying America back money that they had loaned during the war, with interest. The First World War also meant that other countries were not strong enough to keep up with America’s industry. Republican policies were also contributory factors to America’s industrial strength, as one of the policies was to leave businesses alone. This meant that all industries thrived. New developments led to mass production, which allowed the average American to buy new items that were manufactured.
War has become an all new game and lost the benefit it once offered. Many people have failed to realize this change in economic situation. Contrary to popular belief, war has had many negative effects on the economy of the United States. This common misconception may be rooted in the fact that there are positive short-term effects to war. GDP growth, which is the increase in the market value of the goods and services produced by an economy and measured as a percentage, is attributed to times following war.
At the time, the definition of freedom was determined by an individual’s ability to consume. Yet, what undermine... ... middle of paper ... ...nium, the drastic change in economy has changed many facets of the life of Americans. Hoover’s reputation plunged while he was determined to hold the idea of free-market, and Roosevelt’s New Deal had proven that government’s action had been futile in resolving the economic problems. The World War II saved the economy and brought back people from the verge of poverty by providing jobs in manufacturing wartime goods, but it had also produced contradictions as many people were poorly paid, and treated badly. Although the Civil right movements combined with the Great Society had changed what Americans expected from their government after the war, the government’s close tie to the Cold War had limited its impact.
The victors also had to spend expenditures on reconstructing the destructive infrastructures. Money was not the only main factor that was primarily used to rearrange the whole society, but it took time as well. After the war, a certain country may have to lose something she did not intended to like in case of the Britain that though she won the Second World War, unexpectedly, she had to give freedom to her colonials. Why was that? As a result of a war, as I have mentioned, it definitely created a huge negative impact on a certain country as in this case of the Britain, a post war condition was so bad that some of the right-wing historians have condemned the whole war effort as inefficient and as a major cause to responsible for an upcoming subsequent British economic.
As these businesses were losing money they would have to make job cuts or reduce employer's wages, which further added to the unemployment problems. This was the start of an economic crisis. Spending money on weapons, supplies for men, extra first aid and other necessities for the war meant the government were spending a lot more money than they used to (Over 50% of GNP by 1918) (1) and due to Britain's inability to pay debts to countries including the USA, they had a lot on their plate to deal with financially.
The treatment of the American colonist during The French and Indian War led to Economical, Political and Ideological changes that would alter the relationship between Britain and her American Colonies forever. The end of The French and Indian war came with great relief for the colonist; however, the relief was short lived. The war had racked up a huge war debt and a huge amount of land that needed protection as shown in Document A. To pay off the debt and protect the land that had been acquired from the war, Britain was going to need to make some drastic changes. With the huge war debt, Britain could not afford to allow the Colonist to go on their merry way.