World War I, Prosperity and Depression in the USA

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World War I, Prosperity and Depression:

World War I, Prosperity and Depression By Aliis Aalmann

World War I 1914-1918:

28 July 1914 -11 November 1918 The U.S a formal participant from April 6, 1917 until the war's end. An important supplier to Britain and other Allied powers (the Triple Entente:the UK, France and Russia; the Central Powers, originally the Triple Alliance: Germany , Austria-Hungary) World War I 1914-1918

World War I:

On May 7, 1915, a German submarine sunk the British liner Lusitania , killing 1,198 people (128 of them Americans). August 1915, the sinking of the British steamer Arabic March 1916, the torpedoing of the French liner Sussex An ultimatum issud by Wilson threatening to break diplomatic relations unless Germany abandoned submarine warfare. World War I

World War I:

Wilson won the re-elections in 1916 (slogan: “He kept us out of war.”) On January 22, 1917, delivered a speech urging the warring nations to accept a “peace without victory”. On January 31, 1917, however, the German government resumed unrestricted submarine warfare. World War I

Word War I:

On April 2, 1917, Wilson asked for a declaration of war, which the Congress quickly approved. By October 1918, a U.S. army of over 1,750,000 had been deployed in France . Summer of 1918, fresh American troops (under the command of General John J. Pershing) played a decisive role in stopping a German offensive Word War I

World War I:

In January, 1918, Wilson submitted his Fourteen Points to the Senate. In October 1918, the German government appealed to Wilson to negotiate on the basis of the Fourteen Points. On November 11, 1918, an armistice was concluded (no firm guarantees were given to Germany) World War I

World War I:

The League of Nations The treaty was stalled in A Senate committee and Wilson began a national tour to appeal for support. On September 25, 1918, Wilson suffered a crippling stroke and never fully recovered. In two separate votes – November 1919 and March 1920 – the Senate once again rejected the Versailles Treaty and with it the League of Nations. World War I

Postwar unrest:

A postwar economic boom and rapidly increasing consumer prices. During the summer of 1919, race riots occurred “New Negro” Widespread national fear Postwar unrest


Warren G. Harding as president 1921–1923 Prosperity in 1923 and the strongest economy in history (in urban areas). The Republicans tried to create the most favorable conditions for U.S. Industry (meaning, they blocked a healthy trade with Europe). Calvin Coolidge as president 1923–1929 (the only American president born on 4 July) Prosperity


The period since 1900 had been one of rising farm prices. The commercial agriculture of staple crops such as wheat and corn fell into sharp decline because of such a high demand. The Twenties brought the best life ever to most Americans . The Republicans profited politically by claiming credit for it. Prosperity

The Great Depression:

In October 1929 the booming stock market crashed, wiping out many investors . It allowed to market to get out of hand (but wasn’t the cause of the Great Depression) Aggravated fragile economies in Europe that had relied heavily on American loans. By November 1932, approximately one of every five American workers was unemployed. The Great Depression

The Great Depression:

Herbert Hoover as president H is efforts on dealing with the economic hard times had little impact, and he was a picture of defeat . Franklin D. Roosevelt was gaining popularity and won the elections in 1933 by scoring a smashing victory. The United States was about to enter a new era of economic and political change. The Great Depression

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