Question

In: Economics

World War II profoundly changed the United States and its relationship to the world. Explain how...

World War II profoundly changed the United States and its relationship to the world. Explain how the war shaped the nation’s economics, governmental structure, and foreign policy. Be sure to include specific details to support your answer and to explain why your examples are important.

Solutions

Expert Solution

wars are always devastating. wars lead to economic depression therefore world war 1 and world war II was an example of economic devastation , after world war II there was great depression therefore there was no stability in the economy hence monetary system was getting weaker currency required economic stability.there was exchange rate system, world war already exhausted the funds of various nations.

USA initially was not involved directly in the war, until japan attacked pearl harbour, role of USA at that time was to provide arms and imutions.

the entire world was coping with the negative impact of world war, with great depression, unemployability was higher, inflation was creeping badly there was no value of the currency .At that stage every one realised war gives nothing.countries came tother and they had a common goal to reconstruct their economy.

In a mean while USA was having better economic condition since it was not affected through the war , and had lot of surplus as discussed it was providing all the war equipments to the waring nations.

USA on a governement front was working continously on a peace policy and believed strongly in having peace.

  • USA developed as a super power after the war ,and the only country which emerged as strong economy.
  • politically country was sound and stable.
  • involvement of USA for developing important constitutions was on a higher note:like IMF(International monetary fund to provide soverign loan, IBRD(Commonly known as world bank)
  • USA is having maximum quota because of its surplus.
  • it also created NATO(North Atlantic treaty organisation )
  • state has also grown in its millitary power.
  • state is having global presence as well and holds a pivotal position : economically ,as well politically.

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