Ok, props to Kaylan for completing the optional question. I feel like that deserves high praise, and since this is a blog written by me, I shall honor myself. You did great, Kaylan.
Personal time over, I had a question from the homework. Question 5: How did WWI help the U.S. economy in the 1920s, and then hurt it in the 1930s? This baffled me, if you will. Not that that happens often. But the best I can come up with is that with the whole "Roaring 20's" idea people were spending money they didn't have, and then the markets crashed and so on. I just don't necessarially understand how that relates strongly to WWI. Help is appreciated.
Although I am no expert- I have some thoughts. During the war, the U.S. profited greatly by selling supply's to the allies- and after the war many countries were heavily in debt to the U.S. and I'm sure the payment's from that boosted the economy. So that is 1 way in which WWI helped the U.S. economy.
ReplyDeleteAlso, during the war manufacturers had to keep production up to the pace needed to support the war. Thus, new technologies were developed. Creating products cheaper and faster thus profit is greater. Unemployment went down because more jobs were created because we were producing more. So at this time industry was booming and so was the economy.
But after the war ended, and the need for mass production died down, and the soldiers came home from war and needed the jobs that women and African Americans had taken for example, the economy started to decline eventually culminating in the Great Depression.
Not sure if that answers your question- and I'm not sure if that is the correct answer to your question- but hope it helps at least get you thinking.