ESSAY.docx - Besides another factor that led to the emergence of the United States of America as a sole superpower is from the aspect of economic There

ESSAY.docx - Besides another factor that led to the...

This preview shows page 1 - 2 out of 4 pages.

Besides, another factor that led to the emergence of the United States of America as a sole superpower is from the aspect of economic. There was an economic expansion after the Second World War, the implementation of Marshall Plan and also the Bretton Woods Agreement. Economic expansion The World War II is a global war that lasted from 1939 until 1945. After World War II came to an end, the economic expansion happened. America’s Net National Product (NNP) recorded a growth in the aspect of country’s income. In 1939, United States of America’s NNP was 88.6 billion dollars while in 1945, the NNP had increased to 135 billion dollars. Besides, after the Second World War too, the United States owned two third of the world’s gold (Mohd Fadhil Nazrin, 2012). This showed that the stability of the United States as the hegemonic power of the world was increasingly succeed. According to Forbes (2016), The United States still ranks the first in world’s top 10 countries with largest gold reserves with 8133.5 tons of gold. The Marshall Plan The United States of America had shown its hegemony power by restructuring and generating international economic system by implementing The Marshall Plan. This plan is normally a European Recovery Program which started in April 1948 until December 1951, it is U.S.-sponsored program that was designed to rehabilitate the economies of 17 western and southern European countries which were Austria, Belgium, Denmark, France, Greece, Iceland, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Sweden, Switzerland, Turkey, the United Kingdom, and western Germany in order to establish stable conditions in which democratic institutions could survive as Europe was devastated by the conflict during World War II (Marshall Plan European, 2018). It was needed as Europe was virtually
Image of page 1
Image of page 2

You've reached the end of your free preview.

Want to read all 4 pages?

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern

Stuck? We have tutors online 24/7 who can help you get unstuck.
A+ icon
Ask Expert Tutors You can ask You can ask You can ask (will expire )
Answers in as fast as 15 minutes