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Compare And Contrast How The Us And Ww2 Interrupted Global Commerce

258 Words2 Pages
The World War I and World War II interrupted global commerce. But, when global commerce resumed to a new paradigm without war time embargoes and sanctions at the end of World War II, the U.S. was the preeminent economic power. Moreover, the U.S. economic output nearly equaled the economic output of the rest of the world. The U.S. economy was nearly five times its next largest competitor. Nearly half of the world’s steel production and oil supply belonged to the U.S. and it essentially controlled the majority of international financial reserves. The U.S. was the only super power with an atomic bomb and an air force capable of reaching any place in the world. Arguably its first unipolar moment, having a great influence and in full control over
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