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iren [92.7K]
3 years ago
11

How did trade and economics contribute to americas entry into World War 1

History
1 answer:
Leto [7]3 years ago
7 0

Until April 6th, 1917, America was still a declared neutral state and she had tried to keep out of World War 1. However, she had economic relationships with nations involved in the war such as loans and financial support. American Secretary of State William Jennings opposed this financial support of warring nations, arguing that refusing to loan to any Allied nations in Europe would help to accelerate the end of the war. Even though President Wilson agreed at first, he retreated this when France argued that if it was not legal to take out credits from America, then it was not legal to buy American goods as well.  

Regarding this, the American steel industry had faced declining profits during the Recession of 1913–1914. And when the war began in Europe, the increased demand for tools of war began a period of intensified productivity that relieved many U.S. industrial companies.


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The u.s. economy borrowed heavily from the british in the nineteenth century to build a railroad system. what was the principal
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In the 19th century America borrowed money from Great Britain in order to build the railroad system. The main debt instruments used to borrow money were railroad bonds. This economic transaction was beneficial for both countries since the construction of railroads in America played a key role in the Industrial Revolution. This revolution helped develop the economy as it improved trade among different cities through the shipment of grains and cattle by railroad.  

As regards Great Britain, by investing in railroad bonds and later selling them, they were able to finance weapons and equipment for World War I.


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What helped the U.S. get a good deal when securing Florida from Spain in the Adams-Onís Treaty?
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The United States now recognizes the People's Republic of China. True or False?
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