History, Roaring 20's key issue 1

USA after ww1

• joined the war in 1917
• 100,000 men died
• usa made money from selling good, raw materials and weapons.

Isolationism

• war doesn't concern the USA, they would be paying for World Peace.
• Wilson wanted to join league of nations and sign treaty of versailles 
• Harding wanted America First- return USA to normality
• Harding won the presidential election, US public rejected treaty of versailles and league of nations.
• 1930's neutrality acts= USA refused to get involved in European affairs and refused to sell weapons in a conflict.

Effects of isolationism 

• US kept out of european affairs.
• League of nations was weak and failed
• allowed the rise of hitler
• Helped create the red scare
• led to attempts to control immigration
• Led to tariff policy; helped create the great depression.

Tariffs (economic isolation)

• before ww1 low tariffs helped world trade and America Benefits
• after ww1 there was high tariffs because of the isolationist feeling:
• USA didn't need the rest of the world.
• Put american businesses first by making foreign goods more expensive 
• help encourage boom seen through ww1.
• U.S wages were high, high tariffs would stop foreign goods being bought.

Tariffs

• 1921- Emergency tariff: increased tax on food imports
• 1922- Fordney m'cumber tariff: scientific tariff- high tariff on goods imported from countries with low wages.
• american selling price: made price of foreign goods always higher than US produced goods.

effects of tariffs

• Fordney m'cumber tariff led to highest tariffs in history. average tax was 40%, changed to 400%
• Big companies benefitted at first
• …