Impact of WW1 on the USA
- Created by: reoccurringsam
- Created on: 16-02-17 14:21
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- Impact of WW1 on the USA
- How and why the US became isolationist at the end of WW1
- Isolationism - American mentality that Europe were dominating and horrible
- Money - America would have to put lots of money into European peacekeeping - not worth it
- American Soldiers - Deaths were wasted in other countries that didn't affect them - not again
- German Immigrants - Large population of immigrants would disagree with League of Nations (anti-germany) so needed isolationism to be voted into power
- Empires - USA wanted to cut ties with old European empires and have their own as they disliked how they worked
- What impact did WW1 have on the USA?
- There were large amounts of agricultural and industrial trade, throughout the war and after it ended, as the US was affected by it very little.
- This would lead to an economic boom as of increased technological processes and increased demand in Europe.
- There were large amounts of agricultural and industrial trade, throughout the war and after it ended, as the US was affected by it very little.
- Tariffs
- Tariffs were introduced after WW1 in order to protect US produce from going down in prices
- Emergency Tariff (May 1921)
- A tax on a range of agricultural products to protect the prices US farmers would receive, by making foreign prices much higher
- Fordney-McCumber Tariff (1922)
- Introduced high taxes on all foreign products so that more American products were bought and more money went back into the economy
- Did the Tariffs help or hinder the economy?
- Overall, the tariff policy hindered the economy, bringing it to a depression in 1929, but in the short term allowed the US economy to prosper
- How and why the US became isolationist at the end of WW1
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