Americas role in World War I was lending money and manpower to its allies it

Americas role in world war i was lending money and

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America’s role in World War I was lending money and manpower to its allies, it also helped to mold the military in the force it is today (Tierney, 2014). The military is a big part of why the United States but the ability to make loans to its allies has allowed America to become a political superpower as well. The end of the Word wars led to the Cold War which was a form of a world war based the multiple countries that were affected (Tierney, 2014). The economic effects of the war were felt by both the us and its allies and would also help the United States become a superpower. The effects of war are hard on an economy and can be crippling to a country. The effects of World War I could have had that effect on the United States if it was not for some key factors. The initial caused significant financial disturbances in the United States, the New York Stock Exchange was closed to stop potential crash when European stock holders dumped their stocks; and there was a rush on bank withdraws due to uncertainty. Thanks to the Aldrich-Vreeland Act releasing emergency money the economy was saved (Rockoff, 2004, June 28). The act of war cost a country money but the effects of the increase in industry and manufacturing boosted the American economy. The United States economy got the boost it needed when the European countries started purchasing goods for their war effort (Rockoff, 2004, June 28).
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