And provide and massive industrial boom as American factories would pump out massive amounts of war supplies including machine guns, Army uniforms, and artillery pieces to name a few. But what might be the most important would be the massive expansion of the U.S. military that accompanied the war. The war would already increase the American military and would double its standing army and navy and develop its Air Force. And the U.S. military saw a massive spike in drafts as young patriotic Americans would flock to the Army in response to the war. Because of World War I America would have the second largest navy in the world and largest standing army at the war’s conclusion and that massive military would now back up in the U.S.’s claim that it truly was a world power and it helped the U.S. become a major player on the world stage as well as the signing of the armistice that would follow.
This might have been seen as being selfish to other countries, which is why other nations eventually started taxing goods from France. Minimizing imports was not the only measure France took to keep their money. They also built a large navy to protect against smugglers. The actions taken because of Colbert’s Mercantil system made France very wealthy, and eventually was adopted in all parts of the world to create wealth. The surpluses of money that Mercantilism creates still finance wars all around the globe in the 21st Century, and it is amazing that Colbert invented it back in the 17th Century.
The length of railway tracks in Russia increased form 31219 miles in 1891 to 58392 miles by 1904. In the same time period, Russia’s coal production increased from 6.01 million tonnes to 18.67 million tonnes. This shows how the government’s investment in expanding and modernizing the country’s railways resulted in significant economic gains. This was a result of an increased ability to transport raw materials to areas with the greatest population, such as the area surrounding St Petersburg. The railways, particularly the Trans-Siberian railway, also gave Eastern Russia a link to Europe and Western Russia a link to the Pacific Ocean, which made it easier to export Russian goods.
One of these included the massive growth of conservatism through the US, and increasing business influences. The main strength would be the growing influence of Mark Hanna, who used his growing wealth to bolster republican campaigns. He also used his business, which included coal, iron and steel, to the republicans’ advantage, which he joined in the 1860s. Hanna invested his own money into the campaigns and raised huge sums. Not only did the strengths of the Republicans help increase their dominance, but also the
Explain why the US economy ‘boomed’ during the 1920’s? An economic boom is the rapid growth in a country’s money making that leads to increased prosperity and wealth. The 1920’s was a time of extreme highs and lows, a time of dramatic changes in society and many new inventions. Many American industries boomed in the 1920s, with the economy doubling in size. This economic boom was based around consumer goods-luxury items that many Americans wanted to buy but didn’t really need.
With doing so, Morgan had created the first billion dollar company in the world, in which the company had held a $1.4 Billion capitalization. The U.S. Steel Company’s main goal was to get greater economies of scale, reduce costs of construction, have greater distribution, and expand its products. The company was also used to compete in a global scale with Germany and England, which would allow for more competition for products and goods. Many critics were stating that U.S. Steel was trying to monopolize the market by trying to take control of everything steel from the railroads to common nails used in construction and also tried to take over the building of ships, bridges, and general construction in the cities. When 1901 came around the business of U.S. Steel had dropped and with this Schwab, who was a
Profit opportunities encouraged a surge in silver production in Spanish America and Japan. In the 17th century Japan exported huge amounts of silver to China. Also American crops were also introduced to the Chinese, contributing to the increase of the Chinese population in the eighteenth century. Their population growth along with market growth implied another boost in demand for silver, which in turn propelled silver’s value fifty percent above Europe. Largely in response to big demand, more Mexican silver was produced in much greater quantities this time around during the eighteenth century than that had been produced by all of Spanish America during the sixteenth and seventeenth centuries combined.
Thematic Essay: Foreign Policy Action The United States has immensely relied its national interest through foreign policy actions since the 1900’s. Such as the Corollary of the Monroe Doctrine followed by Theodore Roosevelt which resulted in a profit for the U.S. As well as in the late mid 1900’s when the United States interfered with the naval blockade of Cuba where it would increase the military strength of the U.S. Many other actions have resulted in the promotion of national interest of the United States as well. Since the beginning of the 1900’s the United States has focused their foreign policies on nations for national interest. The Corollary of the Monroe Doctrine, adopted by Theodore Roosevelt, was a method of national interest
Known for his enthusiasm towards American politics, his Spanish War hero persona, and a dedicated reform driven governor, Roosevelt found himself taking office as vice-president of the United States on March 4, 1901 and following McKinley’s assassination President on September 14, 1901. Shortly after returning to politics, opportunity had presented itself to further satisfy America’s need for manifest destiny. The French had embarked on the idea of creating a canal that would connect the Atlantic and Pacific oceans, creating a water way to better improve transportation and drastically cut down cost. This enormous engineering feat had not only claimed countless French lives, but had proved to be too expensive to continue. Roosevelt had realized this great potential and purchased the equipment and rights from the French to pursue this project.
Europe became the dominant power in the world, with other countries feeding on its increasing status. When the slave trade began, capitalism moved to its highest point, imperialism. Imperialism is the policy of extending the rule or authority of an empire or nation over foreign countries, or of acquiring and holding colonies and dependencies. This resulted in third world countries because they were robbed of their resources and raw materials and could not grow. Slave exploitation caused America to become the central power in economic, military, and political strength, instead of Europe.