History, Roaring 20's key issue 1

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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

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