Following WWII, the United States and the Soviet Union were the two most powerful nations in the world. WWI devastated Europe with many lives being lost as well as destruction to the landscape. WWII was even more destructive, both economically and politically exhausting great nations like France, UK, and Germany. Stalin, Roosevelt, and Churchill met at the Yalta Conference in 1945 to discuss the situation of postwar Europe. This later lead to a separation of Eastern Europe, (which went into Soviet hands) and Western Europe which America financially aided and sent supplies to to help rebuild.
American Citizens sent care packages to the soldiers abroad while the American citizens during World War l did very little for the troops abroad.
The significant consequences were that: 1. China became a Republic instead of a monarchy; 2. Foreign influences were brought to a minimum as the country almost closed its borders; 3. Increased provincial governance led to decentralization; 4. Social reforms and changes were conducted in a not as successful manner. <span />
The Glass-Steagall Act effectively separated commercial banking from investment banking and created the Federal Deposit Insurance Corporation, among other things
Which three wars? Similarities in general include fighting, combat, spies and lots of people dead