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Impact of ww1 on british economy
Impact of ww1 on british economy
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World War I, fought between major European superpowers, was an event that shook the world. The first global war was a shock to all, but was experienced differently by everyone. For Richard Lindsay Mackay, World War I was a time for him to fight bravely for his country as he experienced the horrors of war. He wrote in his journal whenever he had the scarce opportunity for down time. He wrote accounts mentioning the pain of making a homemade cross for his comrade’s grave, the brutality of only getting five hours of leisure time, which he used for sleep, and not even being able to recall if he ate something one day. However, despite his hardships as a soldier, he enthusiastically wrote about travelling to London and hearing the popular song Destiny Waltz that symbolized bravery in wartime (Mackay). Like Mackay, people back home in belligerent countries also associated wartime with consumer goods, such as music. In fact, many British citizens noticed an increase in American-made goods available in their country. As many men fell in war, America rose as a new superpower, creating situations that would lead to a more homogenous society. American domination of the world market from 1914 to 1930 started the “Americanization” of Britain’s culture through increased American influence and the simultaneous disdain for traditional Victorian society by the new generation of British youth.
America’s mobilization for war and aid to Britain led to an advancement of the American economy. As a country at war with many working-aged men occupied by serving in the army, Britain was in great need of supplies such as food, clothes, guns, and ammunition. In four years, the United States’ exportation of these goods increased from one and a half billion t...
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World War I may not have made the world safe for democracy, but it did help to lay the groundwork for a decade of American economic expansion. The war began in Europe in 1914, and the United States entered the fray in 1917. The 1920s saw the growth of the culture of consumerism. A significant reason for United States involvement in the war was the nation’s economic links to the Allied Powers, and especially to Great Britain. American soldiers returned home in May 1919 with the promise of a prosperous decade (Baughman 197).
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... was rampant. The British economy of 1919 was not even close to the one of 1900, it could not sustain the gold standard .But, in the 1920's was a boom. From 1922 to 1927 the value of gross external assets held by Americans, especially in Europe rose 400%. By 1928 United States had loaned one billion per annum and the biggest borrower was Germany.
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WWII and the great depression were important economic events during the twentieth century(Tassava-para1). On September 1, 1939, France and Great Britain sent Adolf Hitler an ultimatum either to withdraw German forces from Poland, or they both would go on war against Germany(about education-para 14,15). In spite of the ultimatum, German forces didn’t leave Poland so the war had begun(about education-para 15). The U.S. tried to stay neutral, but supported France, England, and Soviet Union. However, when Pearl Harbor was attacked by Japan, the U.S. decided to join the Allies (France, England, and Russia) and join the war against the Axis Powers (Japan,Germany, and Italy). When the U.S. entered WWII, the Great Depression ended with the explosive spending during times of war(bill,-
“In the first war I was hurt very badly. In the body, mind and spirit and also morally” when earnest Hemingway wrote this about WWI he really illustrated how brutal this world war was and how traumatic it was for the soldiers. WWI was a war that had an impact on the course of history forever. The war destroyed the mind of the soldiers, and the life of the countries, which were impacted by the war. This time period was tainted with the idea of imperialism, the countries who followed this idea, believed that this implied whoever had the largest empire had the strongest country. These imperialistic countries owned the strong trait of nationalism, with this pride in their country; they felt they had to protect their national sovereignty and superior
Abrams, M.H., ed. The Norton Anthology of English Literature. 6th ed. Vol. 2. New York: Norton, 1993.
Abrams, M. H., et al., The Norton Anthology of English Literature. Vol. 1. New York: Norton, 1986.