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The impact of vietnam war on america
The impact of vietnam war on america
The impact of vietnam war on america
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America’s discovery and the formation of Triangular Trade between Europe, Africa, and the Americas drove many new advancements in technology and economics. For example, inflation caused the capitalism’s popularity to rise, new goods were discovered, and European empires thrived. As the Europeans discovered, the Americas contained many resources such as silver, gold, spices, and other valuable goods that were sold to make a surplus of profit. Later on, such resources were farmed using African American slave labor. Quote A exemplifies the benefits for many upper class Europeans and American slave owners.
Unfortunately, by giving out more loans, the state banks had put more paper money into circulation, causing the value of the dollar to plummet. Inflation hurt the economy which
The time period of 1968 and 1974, putting the United States in a state of disarray. The focus was Nixon and his administration and how they would pull the U.S. out of such calamity. The war in Vietnam was a costly and unpopular war, causing massive inflation along with riots in the U.S. Another challenge faced was the energy crisis, in which the price for gas skyrocketed. This was do to America 's dependency on foreign oil from Arab nations.
American’s enjoyed a pro-longed period of prosperity from World War II until the late 1960’s, which was built largely upon the power of American industrial production had run out of steam by the 1970s. The influx of spending on the Vietnam War also contributed to this demise of revenue. The economy began to become less and less powerful and adopted a new multitude of challenges which led the economy to go into a recession. A recession is a period of temporary economic decline during which trade and industrial activity are reduced. However, Ronald Reagan announced a recipe to attempt to fix the nation's economic troubles.
We made huge gains in military technology for poison gas, machine guns, and submarines. We also had a huge boost to the American economy. Production and work opportunities to help the war effort got people working. We also continued to make money with helping to rebuild Europe after the war.
When the war interrupted American trade, Americans had no choice but to start making the goods that they were previously importing here in the United States. So, we ended up making more goods here then we were importing. Therefore, the United States making more goods led us to believe in the stability of our country. Another effect was that the United States finally proved that we could defend ourselves against the world’s strongest military
During the Gilded Age and rise of industry, American influence grew. Therefore, the United States began using missionaries to travel to other countries. Next, during the time of expansion we also saw a new opportunity to trade worldwide. Our country was able to produce goods and food that other countries needed. As well as, we began investing and purchasing
America had a rapid urbanization which was results of the rapid industrialism. We had vast amount of industries and had the need for more resources. To gain more profit, we needed to look outside our country for business. We needed resources from other land to continue our growth. One country we invested for resources was Cuba.
Other countries were lacking on their trading which cause markets to crash. Other countries couldn’t trade with the US because they were
The Europeans developed a new economic policy called mercantilism the nation's strength depended on its wealth. Wealthy nations had power for military and they expanded influence. For one nation to become wealthier they had to take wealth from another nation. This caused competition between nations. The European nations worked to become more self sufficient.
It brought the United States closer to its goal of stretching from the Atlantic to the
The U.S. acted aggressively in their years of expansion and it was key to the success of the nation
If you got lucky and did not get fired the wages fell and the buying power increased. The americans that were forced to buy on credit fell into debt,and the numbers of repossessions and foreclosures increased steadily. The gold standard fixed currency exchanged around the world, and helped spread economic distress from the U.S. through the world.7When the country elected Franklin D. Roosevelt he promised he would create federal government programs to end the Great Depression.8 The federal government programs allowed people to get more jobs and help the economy increase. Roosevelt was a big influence during this time period and impacted many people, giving jobs to citizens and boosting the economy. After Franklin Roosevelt created the federal government programs it allowed the economy and society to grow and strength from the unlucky situation.
Economically the U.S. had made advances in technology and began to get oversea territories. Culturally they had used the
The European Expansion gave the needed resources to enable
