Part two- 1890 to 1920 Impact of WW1

Intervention in WW1 changed course of conflict
Unbreakable deadlock at end of 1916 - war no one knew how to win or to stop- became a decisive allied victory by Nov. 1918
War changed US at home and abroad
Huge army enlisted by conscription
First time US troops fought overseas as part of an alliance
War caused/sped up significant social change
US intervention produced decisive outcome-led to fundamental change in world economy
Late 19th century US = debator nation, borrowing from Europe
From 1917 became creditor nation, loans worth billions of other countries, to fight the war and repair massive losses
New world economy based on a web of debt totally dependent upon US financial resources
1914 and 1917- neutrality benefitted economy
Dislocation of European food supplies meant agriculture boomed-farmers got high prices for everything
Was a Demand of modern industrialised warfare -GB and France depended heavily on US for war supplies and loans to pay for them
US was important economic force in one sided form of neutrality
When entered the war, economy struggled to cope
Was lots of confusion and inefficiency
Massive infrastructure needed for bases where new mass army would be housed, trained, equipped
Fed gov established new organisation to regulate the war economy
Liberty loans to raise funds
War Industries Board-coordinated war production
Food and fuel act- set up food administration and a fuel administration-regulate and ration resources
War revenue act for…