impact of world war 1 on USA

impact of WW1 on USA

Became more influencial in European economy
Mass production and wages increased
Farmers were successful becuase of all the food they had to produce for Europe
US gave loans to European countries - gained huge profits from exports
Europe was economically fragile after the war, there was much poverty and scarce food supplies
Damaged transport and communication
gained very little from the war economically - heavily reliant on loans and exports

1 of 2

1921 Emergency Tariff act- Puts taces on agricultural imports such as wheat, meat and sugar
1921 Budgets and accounting act- Put controls on government spending
1921 Revenues act- changes taxes by charging businesses more, but cuttting wartime tax dureing times of profit
1922 Fordney-McCumber tariff- taxed imports from foreign countries. At first it protected american farminf and industries, but lates foreign countries kept out american goods.

2 of 2