The First World War had favored the United States in a spectacular way. American investors flocked to a rising New York Stock Exchange market that was based on credit and financial speculation. Many companies launched new innovative, cutting-edge products, like radios and washing machines and witnessed the large scale use of automobiles, telephones, motion pictures, and electricity, which accelerated consumer demand and aspirations, and marked significant changes in lifestyle and popular culture during the Interwar period of WWI and WW2. The United States became the largest supplier of raw materials and food and industrial products. Capital and US markets played a central role in boosting economic growth in Europe and Latin America. It
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These economic measures were designed to alleviate the worst effects of the depression and restore the confidence of the American people in their banks and other key institutions to promote economic recovery and social reform. They included both laws passed by Congress as well as presidential executive order. Some politicians and citizens felt, rightly, that the program was liberal and fascist, because the state intervened in the conduct of business with its measures, altering the traditional banking operations and further development of free …show more content…
This had a particular impact on Germany, which owed substantial loans to America, because they had been virtually forced to borrow to meet war reparations stipulated in the Treaty of Versailles. The effects of the Great Depression influenced the events preceding the Second World War, especially in the rise of Adolf Hitler to power in Germany motivated by the lack of foreign financing and the increasing economic difficulties that plagued their country. “The Great Depression finally came to an end, not because of Franklin D. Roosevelt’s New Deal or the massive growth of federal government programs and intervention, but because of World War II. American exports increased as Europe ordered munitions, ammunitions, and supplies for the war, and that, combined with America’s war efforts, put millions of workers back in factories”
These economic measures were designed to alleviate the worst effects of the depression and restore the confidence of the American people in their banks and other key institutions to promote economic recovery and social reform. They included both laws passed by Congress as well as presidential executive order. Some politicians and citizens felt, rightly, that the program was liberal and fascist, because the state intervened in the conduct of business with its measures, altering the traditional banking operations and further development of free …show more content…
This had a particular impact on Germany, which owed substantial loans to America, because they had been virtually forced to borrow to meet war reparations stipulated in the Treaty of Versailles. The effects of the Great Depression influenced the events preceding the Second World War, especially in the rise of Adolf Hitler to power in Germany motivated by the lack of foreign financing and the increasing economic difficulties that plagued their country. “The Great Depression finally came to an end, not because of Franklin D. Roosevelt’s New Deal or the massive growth of federal government programs and intervention, but because of World War II. American exports increased as Europe ordered munitions, ammunitions, and supplies for the war, and that, combined with America’s war efforts, put millions of workers back in factories”