Premium Essay

How Far Do You Agree That the Impact of the First World War Was Beneficial to the Economy and Society of the Usa?

In:

Submitted By zmansell
Words 1512
Pages 7
How far do you agree that the Impact of the First World War was beneficial to the economy and society of the USA?
At the start of the First World War the US economy was beginning to develop at a rapid pace and by the end of the war it was in an even stronger position this was due to impacts of the First World War such as an increase in industrial production, low rates of unemployment and improving living standards. However it can also be argued that the First World War damaged the US economy as the level of national debt went up and there was a brief recession during the years 1920-1921. The First World War also had an impact on society for example women in society changed dramatically and the 1920’s saw the birth of ‘The new Woman’. Although during the 1920’s, some freedoms were expanded others were curtailed such as prohibition which banned the sale of alcoholic drinks this had both negative and positive impacts on society in America.
It can be argued that the impact of the First World War was beneficial to the economy, one reason for this is that industrial production increased between 1916 and 1918 by 39 per cent. This was due to the huge demand for war materials, imports from Europe fell and exports from the USA rose which lead to an increase in industrial production. In 1913 the USA produced about 32 per cent of the world’s industrial goods. The USA needed to import very little and most of what it produced could be sold to its rapidly growing population. Steel output increased from 1913-1920 in America due to the First World War and this was a material in high demand during the war. In 1913 the USA produced 32 million tonnes of steel but by 1920 it was producing 42 million tonnes, this shows how the war had a positive effect on the economy as this increased so dramatically. Because of this vast growth in demand in the industrial sector, the number employed

Similar Documents

Free Essay

Dr-Cafta

...Difficulties………………………………………………. IX. Prognosis…………………………………………………………………………… X. Conclusion…………………………………………………………………………. XI. References…………………………………………………………………………. I. Introduction The Dominican Republic-Central America free trade agreement between these six countries and the superpower of the United States is the first among these countries. What this free trade agreement does is to create new and strong economic opportunities by opening markets, eliminating tariffs, and reducing barriers to service. The agreement helps to facilitate trade and investment between the participants, as well as promoting and increasing regional integration (Anonymous). DR-CAFTA presents a huge opportunity for Central American countries and the Dominican Republic; as they have the chance to trade with the biggest economy in the world and fortunately boost their economies. II. Description of the Subject DR-CAFTA is a free trade agreement between the United States; five Central American countries, El Salvador, Guatemala, Honduras, Nicaragua, and Costa Rica; and the Dominican Republic. This free trade agreement opens a new era in trade between the USA and the six countries; and it generates not only...

Words: 3358 - Pages: 14

Premium Essay

Hacker

...Hacking Describe a negative aspect of ICT’s impact on the information society. Describe how ICT has brought this about and what society is has done in response to it. Abstract Hacking has been and still disease different societies suffer from. The essay aims to provide the reader with knowledge regarding the effects hacking caused to our society, and how the society responded and tried to solve or minimize those effects. Different issues regarding hacking are discussed, such as the motivations that were behind guiding hackers who were at first computer professional to perform unauthorized activities, at the same time a discussion about the types of attacks can be found. The society response to hacking attacks lacks till this moment the ability to stop or completely prevent attacks from happening because as long as security tools are developed, more sophisticated hacking attacks are invented. That’s why we should start to think about hacker’s psychology as the main way to prevent and stop attacks by understanding their needs or desires. Introduction The Oxford English Dictionary defines hacking as “cut or chop roughly; mangle: cut (one’s way)”… to its present definition as “gain unauthorized access (to data in a computer)”. Banks (1997:11) defines hacking as “something that boring mainframe computer operators did to improve performance and battle boredom.” Here banks focuses on boredom as the reason of hacking. A more technical definition of hacking according...

Words: 4368 - Pages: 18

Free Essay

Bgcse History

...and II By Claypole, W Longman (new edition) 1987 3. Development to Decolonization by Greenwood R, Macmillan, 1987 4.Caribbean people Bk.I by Lennox Honeychurch. Nelson, 1979 The Migration of the Indians to the New World. It is believed that the people who Columbus saw when he came to the New World were nomadic hunters from central and East Asia who followed the buffalo and deer. When the herds moved, people moved after them because they were dependent on the animals for food. It is therefore suspected that the herds led the people out of Asia by the north-east, across the Bering Strait and into North America. They crossed the sea by an ice –bridge when it was frozen over during the last Ice-Age. They did not know that they were crossing water from one continent to another. Map 1 Amerindians migration from central Asia into North America. The Amerindians settled throughout North America and were the ancestors of the many Red Indian tribes we know today, as well as the Eskimos in the far north. In general, they were nomadic but some followed settled agricultural pursuits and developed civilizations of their own like the Mayas in South America (check internet reference for profile on this group, focus on level of development, structure of society, religion). The migration continued south through Central America into South America from where the Arawaks and Caribs migrated to the West Indies. The Arawaks and the Caribs can be traced by their languages to two different...

Words: 69958 - Pages: 280

Free Essay

Chemistry

...use the same programs and knowledge as black hats do. They usually stay in the cyber underworld to keep updated on attacks and information. Black hat hackers are the most rare and elite of all the hacker groups. Most are connected with criminal activities, such as espionage. (2001) Not all hackers labeled black hat hackers are connected with criminal activities in real life. There are many "old school" hackers considered black hat. They are the ones that are usually from the 1960's and use the word hacker with honor and freedom. (Quinter 2) Most of these hackers do not have a negative intent they are usually programs from Stanford or MIT. They have good ethics and believe in open source and fixing flaws in programming. Most black hat hackers are criminals and are very powerful. (Glenn 8) Political and personal revenge is a major motivating factor in becoming a true black hat hacker, but the most elite hackers go for the money. Industrial espionage is one of the best paid jobs for a hacker. A typical espionage attacks takes about three weeks and they usually pull in a million dollars a job. Black hats are good at what they do and usually don't get caught. Around 90% of companies reported at least one attack in the last year. Three-fourths of them reported some kind of financial loss because of the attacks, and 19% reported ten or more attacks. Hacking Research Paper Hacking Describe a negative aspect of ICT’s impact on the information...

Words: 4683 - Pages: 19

Premium Essay

Globalization

...GLOBALIZATION AND ITS IMPACT ON BANGLADESH ECONOMY A thesis presented to the Faculty of the U.S. Army Command and General Staff College in partial fulfillment of the requirements for the degree MASTER OF MILITARY ART AND SCIENCE Strategy by RAHMAN MD FAIZUR, MAJOR, BANGLADESH M.D.S., National University of Bangladesh, 2004 Fort Leavenworth, Kansas 2005 Approved for public release; distribution is unlimited. REPORT DOCUMENTATION PAGE Form Approved OMB No. 0704-0188 Public reporting burden for this collection of information is estimated to average 1 hour per response, including the time for reviewing instructions, searching existing data sources, gathering and maintaining the data needed, and completing and reviewing this collection of information. Send comments regarding this burden estimate or any other aspect of this collection of information, including suggestions for reducing this burden to Department of Defense, Washington Headquarters Services, Directorate for Information Operations and Reports (0704-0188), 1215 Jefferson Davis Highway, Suite 1204, Arlington, VA 222024302. Respondents should be aware that notwithstanding any other provision of law, no person shall be subject to any penalty for failing to comply with a collection of information if it does not display a currently valid OMB control number. PLEASE DO NOT RETURN YOUR FORM TO THE ABOVE ADDRESS. 1. REPORT DATE (DD-MM-YYYY) 2. REPORT TYPE 3. DATES COVERED (From - To) 17-06-2005 ...

Words: 18138 - Pages: 73

Premium Essay

Heath Care Policy Legislation Stage

...Aviation Administration (FAA) forecast predicting a doubling of passengers and cargo by 2030, the current funding system is not up to the job of ensuring airports will have the infrastructure they need to handle such dramatic increases in traffic. This will have far-reaching consequences. Commercial airports are powerful economic engines, generating 10.5 million jobs and $1.2 trillion for the U.S. economy, according to a new Airports Council International-North America study. Across the country, workers and businesses count on local airports to attract investment and move people and goods around the world. Since 2001, the total number of jobs associated with airports has increased by more than 50 percent. Despite unprecedented growth and clear evidence of the economic benefits of infrastructure investments, airports expect to have $80 billion in unmet needs through 2015 because of the flawed system used to pay for infrastructure projects. That has not always been the case. Airports generated millions of jobs and trillions of dollars for local communities between 2001 and 2010 because President Bill Clinton and Congress made two decisions to improve airport infrastructure planning and investment in 2000. The first decision allowed local communities to raise more money to finance...

Words: 41248 - Pages: 165

Premium Essay

Globalization

...2 Contents Page Introduction 3 1. The concept and essence of globalization 1. What is globalization 5 2. History of globalization 11 3. Different types of globalization 13 2. Effects of globalization 2.1 Positive effects of globalization 19 2.2 Negative effects of globalization 21 Conclusion 23 Endnotes 24 Bibliography 25 3 Introduction Today it is really difficult to find a more fashionable and a discussion topic as globalization. Dozens of conferences and symposia, hundreds of books and...

Words: 11953 - Pages: 48

Free Essay

Competing on Analytics Paper Review

...BRAZIL: Over the past few years, Brazil has moved from a country with great promise 'some time in the future' to being seen as one of the hottest investment opportunities in the world.  A more stable political system and currency, coupled with vast mineral wealth of the country make Brazil a 'must' for all companies with truly global ambitions. With a population of 194 million, Brazil represents the fifth largest market opportunity in the world — after China, India, Indonesia and the USA. It is also the fifth largest country in the world by geographic size. An IMF (International Monetary Fund) report indicates that Brazil leads all other South American countries in terms of infrastructure and technological development. Combine these facts with the stabilising economic and political landscape — (the twin nightmares of corruption and hyper-inflation ravaged the country for decades) — and it is easy to see why Brazil attracts a higher percentage of total global foreign direct investment year on year. However, anybody wishing to do business with Brazil and the Brazilians should be aware of the various cultural and structural barriers which might confront them. Probably the most pervasive barrier encountered by the unwary traveller would be the 'Custo Basil' or the 'Brazil Cost'. This term refers to the very real extra costs of doing business in Brazil — corruption, governmental inefficiency, legal and bureaucratic complications, excessive taxation, poor infrastructure, inflation...

Words: 27633 - Pages: 111

Premium Essay

Case

...Preface iii v Chapter 1 The Cold War Era 1 Chapter 2 The End of Bipolarity 17 Chapter 3 US Hegemony in World Politics 31 Chapter 4 Alternative Centres of Power 51 Chapter 5 Contemporary South Asia 65 Chapter 6 International Organisations 81 Chapter 7 Security in the Contemporary World 99 Chapter 8 Environment and Natural Resources 117 Chapter 9 Globalisation 135 Chapter 1 The Cold War Era OVERVIEW This chapter provides a backdrop to the entire book. The end of the Cold War is usually seen as the beginning of the contemporary era in world politics which is the subject matter of this book. It is, therefore, appropriate that we begin the story with a discussion of the Cold War. The chapter shows how the dominance of two superpowers, the United States of America and the Soviet Union, was central to the Cold War. It tracks the various arenas of the Cold War in different parts of the world. The chapter views the NonAligned Movement (NAM) as a challenge to the dominance of the two superpowers and describes the attempts by the non-aligned countries to establish a New International Economic Order (NIEO) as a means of attaining economic development and political independence. It concludes with an assessment of India’s role in NAM and asks how successful the policy of nonalignment has been in protecting India’s interests. The end of the Second World War led to the rise of two major centres...

Words: 52386 - Pages: 210

Premium Essay

Humn 432 Course Project

...University - Online Technology, Society, and Culture HUMN 432 Aimee James 19 February, 2012 Abstract Here we as a six-member team collaborate to delve into this fascinating industry, taking a trip from describing the technology and its graphics, through its myriad history. Furthering these endeavors continues this journey into the influences surrounding this titanic industry, exploring political, legal, physical, and both positive and negative influences alike. Then taking a decidedly tactic turn into the economic questions and considerations, exploring the aspects of economic growth, prediction of future growth in the industry, as well as showing there is a consistency in the overall economy of this industry, and then traveling into the various changes this specialty has changed the economy as a whole. Continuing further we explore the psychological considerations and sociological effects of this industry, summarizing that it all comes down to personal responsibility and accountability when it comes to making choices in any and all things in life. Furthermore, the topic of violence in video games and the tendencies they create, plus the ever continuing debate this topic will forever have shrouded around it, gets a dose of reality. Admitting gaming addiction and denying a link to increased aggression due to video games is also pondered. The next section after this is all about the technology we so love and admire as a society in all its cultural glorified context...

Words: 20783 - Pages: 84

Free Essay

Is Aanteken

...the international security) We can also think about security in terms of the invasion of Iraq in 2003. This was a unilateral act of war, but sure it can also mean other things We can think of the national security agency, the agency in charge of spying all the signals and communications to a certain extent. What’s interesting about the NSA, it is seen as a threat to the security of the privacy. Lately, with the reports of the UN development programme, we start talking about HUMAN security (not military security, but rather the security of individuals, having a livelihood that’s acceptable). Whether security is international or not, it can be a rather confusing word The protection of values we hold dear. We search for it, we pursue it, we achieve it, we deny it to others. * what is to be secured? Is it the security of states? Or individuals? * What is the actual threat that we’re facing? Primarily to be dealing with military threats, or are there other types of threats we are facing. Essentially contested concept A concept that ‘inevitably’ involves endless disputes about their proper uses on the part of their users – Walter Gallie There can be ambiguity (one persons freedom-fighter is the other’s terrorist). A concept that is debated in its essence. We can think about a lot of situations in which ones security is the other’s INsecurity. So, how we go about studying a matter for which we are not able to find a definition? We rather think of it a label...

Words: 16869 - Pages: 68

Free Essay

Sssdsss

...Readings for American History Since 1877 Historiography in America...................................................................................................................................................... 2 How to teach history (and how not to) ................................................................................................................................ 6 How Ignorant Are Americans? ........................................................................................................................................... 9 The West ............................................................................................................................................................................... 11 The Education of Native Americans ................................................................................................................................. 11 Bury My Heart at Wounded Knee .................................................................................................................................... 15 Prostitution in the West: .................................................................................................................................................... 17 The Gilded Age ..................................................................................................................................................................... 21 The Duties of American Citizenship ...........................

Words: 77768 - Pages: 312

Premium Essay

Hr Practices

...think so. Last week Brian Tempest, the former CEO and current “chief mentor” at Ranbaxy Laboratories, told an industry gathering that the growth of India’s below-25 population “is going to act as a secret weapon in the future,” according to this report in the Hindu. Tempest went on to take a jab at China, saying that slower Chinese population growth would put the Middle Kingdom at a disadvantage. Says Tempest, “the one-child policy in China will play a spoilsport.” The logic is simple. Fast population growth equals more young people, and more young people equals a more dynamic work force. According to the Indian Express, citing India’s Ministry of Labour and Employment, India already has an advantage over more advanced economies. The median age in India in 2000 was 24, compared to 30 in China, 38 in Europe and 41 in creaky old Japan. However, most of those Indians live in the countryside, and it’s no secret that India’s rural population is not sharing in the boom enjoyed by people in other parts of the country. In the past, Asiatech blog readers have written in to debate the merits of India’s development model versus China’s, and the topic of population growth has come up a lot. I’m no fan of China’s one-child policy, and I definitely am not advocating that India adopt anything like it. (Aside from the obvious human-rights problems associated with the policy, some experts argue that the slowdown of China’s population growth came before it even went into effect. For instance, see...

Words: 6861 - Pages: 28

Free Essay

Nafta and Mercosur

...Economy and Society Volume 37 Number 2 May 2008: 193Á223 Regional trade agreements and the pursuit of state interests: institutional perspectives from NAFTA and Mercosur Francesco Duina and Jason Buxbaum Abstract Are regional trade agreements (RTAs) carefully crafted projects that systematically advance their member states’ interests or do they instead generate outcomes that frustrate those interests? Works on the most prominent RTA Á the European Union Á have traditionally been split over this question. New research on international organizations parallels that literature. Combining rational choice and historical institutionalism, this article makes a middle-ground case: the limited rationality of national representatives and the complexity of RTAs ensure both the advancement and frustration of national interests. The focus is on shifting national preferences, the unpredictable implications of decisions over time and the pursuit of short-term gains to the benefit of some constituents but not others. Evidence from NAFTA and Mercosur supports these claims while highlighting, in line with recent scholarship, the need to include politics in institutionalist accounts of integration. The conclusion reflects on the findings and explores whether alternative, more flexible designs for RTAs might satisfy more fully the interests of the member states. Keywords: regional trade agreements; rational choice institutionalism; historical institutionalism; NAFTA; Mercosur; international...

Words: 14563 - Pages: 59

Premium Essay

23 Things

...23 Things They Don’t Tell You about Capitalism HA-JOON CHANG Department of Economics, Cambridge University 23 Things They Don’t Tell You about Capitalism HA-JOON CHANG ALLEN LANE an imprint of PENGUIN BOOKS Published by the Penguin Group Penguin Books Ltd, 80 Strand, London WC2R 0RL, England Penguin Group (USA) Inc., 375 Hudson Street, New York, New York 10014, USA Penguin Group (Canada), 90 Eglinton Avenue East, Suite 700, Toronto, Ontario, Canada M4P 2Y3 (a division of Pearson Canada Inc.) Penguin Ireland, 25 St Stephen’s Green, Dublin 2, Ireland (a division of Penguin Books Ltd) Penguin Group (Australia), 250 Camberwell Road, Camberwell, Victoria 3124, Australia (a division of Pearson Australia Group Pty Ltd) Penguin Books India Pvt Ltd, 11 Community Centre, Panchsheel Park, New Dehli – 110 017, India Penguin Group (NZ), 67 Apollo Drive, North Shore 0632, New Zealand (a division of Pearson New Zealand Ltd) Penguin Books (South Africa) (Pty) Ltd, 24 Sturdee Avenue, Rosebank 2196, South Africa Penguin Books Ltd, Registered Offices: 80 Strand, London WC2R 0RL, England www.penguin.com First published 2010 Copyright © Ha-Joon Chang, 2010 The moral right of the author has been asserted All rights reserved. Without limiting the rights under copyright reserved above, no part of this publication may be reproduced, stored in or introduced into a retrieval system, or transmitted, in any form or by any means (electronic, mechanical, photocopying, recording...

Words: 86029 - Pages: 345