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Occupation of Germany, not Europe
While America was prospering in the 1920's, European nations were struggling to rebuild themselves after the damage of war. During World War I the U.S. government lent its European allies $7 billion, and then another $3.3 billion by 1920. By the Dawes Plan of 1924 the U.S. started lending to Axis Germany. American foreign lending continued in the 1920's climbing to $900 million in 1924, and $1.25 billion in 1927 and 1928. Of these funds, more than 90% were used by the European allies to purchase U.S. goods. The nations the U.S. had lent money to (Britain, Italy, France, Belgium, Russia, Yugoslavia, Estonia, Poland, and others) were in no position to pay off the debts. Their gold had flowed into the U.S. during and immediately after the war in great quantity; they couldn't send more gold without completely ruining their currencies. Historian John D. Hicks describes the Allied attitude towards U.S. loan repayment:
In their view the war was fought for a common objective, and the victory was as essential for the safety of the United States as for their own. The United States had entered the struggle late, and had poured forth no such contribution in lives and losses as the Allies had made. It had paid in dollars, not in death and destruction, and now it wanted its dollars back.
There were several causes to this awkward distribution of wealth between U.S. and its European counterparts. Most obvious is that fact that World War I had devastated European business. Factories, homes, and farms had been destroyed in the war. It would take time and money to recuperate. Equally important to causing the disparate distribution of wealth was tariff policy of the United States. The United States had traditionally placed tariffs on imports from foreign countries in order to protect American business. However these tariffs reached an all-time high in the 1920's and early 1930's. Starting with the Fordney-McCumber Act of 1922 and ending with the Hawley-Smoot Tariff of 1930, the United States increased many tariffs by 100% or more. The effect of these tariffs was that Europeans were unable to sell their own goods in the United States in reasonable quantities.
In the 1920's the United States was trying "to be the world's banker, food producer, and manufacturer, but to buy as little as possible from the world in return."35 This attempt to have a constantly favorable trade balance could not succeed for long. The United States maintained high trade barriers so as to protect American business, but if the United States would not buy from our European counterparts, then there was no way for them to buy from the Americans, or even to pay interest on U.S. loans.
And thus anti-american feelings grew
2007-05-30 13:14:44
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answer #1
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answered by Cabal 7
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American isolationist tendencies
2007-05-30 12:45:33
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answer #2
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answered by Dave aka Spider Monkey 7
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the respond on your question is extensive variety 5. it somewhat is the way you notice us. (and in case you stated "you human beings" in this u . s ., you would be categorised a racist by potential of the left) Us human beings have humility, we've generosity, we've prosperity and we've innovation. you basically generalized 305 million human beings as being single minded. We come from each and every u . s . in the worldwide. We vote with factors of view from each and every u . s . in the worldwide. lots of our ancestors tried the eu way and chosen to come returned here and create The shape to guard us from the Tyranny. regrettably many human beings have had it too uncomplicated and haven't any adventure of the way it is. Obee is one among them. They ignore the direction to socialism bring about some elitist getting administration and finally you finally end up with tyranny. in case you do not comprehend of the atrocities brought about by potential of Stalin, Lenin, Hitler, Pol Pot, (those individuals are actually not of historic previous, they nevertheless exist in cutting-side days. you basically observed Saddam Hussein murdering his own human beings, Iran talking of wiping Israel off the map.) then you definately could desire to get grow to be general. while the government gets on top of issues, you haven't any risk-free practices from the single that comes to a decision your particular type needs to be exterminated.
2016-10-30 06:37:49
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answer #3
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answered by Anonymous
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2014-12-04 00:14:40
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answer #4
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answered by Anonymous
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Do your own homework,kid!
2007-05-30 13:13:54
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answer #5
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answered by Anonymous
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