Unregulated Capitalism: The Great War

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The Great War, also known as World War 1, was considered a global war because it involved multiple countries, but primarily took place in Europe. WW1 took place between 1914 and 1918 and was fought by two alliances; The Entente Powers which involved England, Russia, and France. The second alliance group was called The Central Powers, which consisted of Germany and Austria-Hungary. While many debate the actual cause of WW1, some say that the first spark was initiated by the assassination of Austria’s Archduke, Franz Ferdinand and his wife.
The Great War was one of the most expensive wars of its time, costing the United States approximately a trillion dollars—and by 1917 the casualties of war began to add up, and resulted in the Allies beginning
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Some people would argue that the Great Depression is an example of why unregulated Capitalism is a bad idea. The Great Depression that effected the United States was unique in the sense of its severity, and the consequences that followed the aftermath. Because of World War 1 inciting the growing demand of agricultural products, and then having it completely stopped once the war ended, played a vital part in banks foreclosing on farmers mortgages which resulted in hundreds of thousands of farmers losing their businesses and homes. While jobs decreased, big corporate businesses raised their profits throughout the next decade, essentially making it impossible for consumers to buy the same goods that they helped …show more content…
For example, the first were foreign aid policies; which essentially divided up shambled Europe between the superpower countries. Throughout the span of the cold war, the relationship between the Soviet Union and United States varied from tension and defiance to limited tension and minimal cooperation.
One of the main things that sparked the Cold War was a speech given by President Truman, also known as, The Truman Doctrine, which was addressed to Congress on March 12th, 1947. The speech discussed the need to send millions in both military and economic funds to Greece, because of fear that communists were being aided by Russia. This speech essentially marked the beginning of the Cold War between Russia and the United States. And a pattern that seems to be forming, each war is connected to each other in some way. Lasting through six presidencies, approximately 60,000 slain American Soldiers, and over twenty five years in battle, the Vietnam War had American’s all over the country divided on where they stood in regards to the war. This is partially the government’s fault, who assured the civilians that our involvement in Vietnam would be quick and would result in little to no consequences—both proving to be absolutely

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