Mod 3 Economic History Of The West

Running Head : Economic history in the WestNameUniversityCourseTutorDateThe force war began in 1914 and was fought in Europe . The immediate exhaust of the war could be say to be caused by assassilanded demesne of Archduke Ferdinnad Franz at Serbia . The military of Ausro-Hungary decided to avenge . This war was give tongue to to have been incited by countries like France unite Kingdom and was subterranean joined by an some some other(a)(prenominal) estates like United States and Italy among other European countries . This war ended in 1917 and saw Germany defeated and with so many casualtiesAfter the World War I , in that respect came a blockage of great depression (Bender 1999 . The United States of the States referred to it as the great slump There was a worldwide economic devastation . In the US , it was prim ary(prenominal)ly associated with the crashing of the slant commercialises in 1929 , October . This crash of the mart had negative impact on international trade . Income declined and high rate of unemployment was experienced . From the engraft about of the nineteenth centaury , what were in the minds of most Americans were the issues of involution of their territorial dominion . This was the imperialism period (Bender , 1999 . This was whereby countries that were powerful rarifyed and took control over the weaker nations . This subject of expansion led to buying of Louisiana to the west . some other grime was acquired during the war with the Mexican , during the mid-centaury . In the later 19th centaury and betimes years of 20th centaury so American expand when it acquired the island of hello . The acquisition of these lands brought about a heated surround amid those opposing the idea of expanding the territory and those for this idea (Bender , 1999 .

In a nutshell America imperialism period was characterized by increase in treat rate and trade both within and the overseas market , thus brought economic expansion let alone the semipolitical expansion that saw America venture to the Pacific and Asia among other placesDuring this period of 19th and 20th centaury , America became an industrial nation (Bender , 1999 . It had the highest rate of employment in steel , timber , bullion and gold , iron and coal among other things There was a real transformation in people s way of behavior history , businesses , and the depart place at large . The main causes of this rapid growth rate in industries can be attributed to warm transport system due to expansion of the coerce that facilitated the carry-over of raw materials to the factories and from the factory to the markets in urban areas availability of gimcrack advertise from the immigrants who were coming in America to work in the mining zones and capital , the advanced technology that change exertion . There were new tools of work that enhanced production examples are the drilling and cutting tools , a lot of resources and bargain-priced cypher . This period also experienced the change of kind labor to machines . The homemade or traditional workshops became big industries . verdant economies changed to industrial ones . It brought about urbanization thus growth of cities . These...If you require to dumbfound a full essay, order it on our website: OrderEssay.net

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