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Reason why the USA became the economic leader between 1900-1975 Part Two
Reason why the USA became the economic leader between 1900-1975
Part Two
The effects of the second World War
The Lend Lease Act (March 1941)
The supply was mainly equipment and supplies
Such equipment were aircraft that the British could no longer build
Such supplies were guns, ammunitions, shells and even uniforms
Many countries were in this act to prevent Fascism and Nazism to spread
Congress agreed to supply states whose defense was vital to USA security
By the end of the war the americain governement gave about 43 billion dollars to the 35 nation in need
20% to the USSR
60% to the Britain & common
20% to other nations
Cause of this act
Benefits USA
Created american Jobs & unemployement rate droped
Became the "bank managers" of the world & arsenal of democratie
Provided the allies with weapons to guard democratie
Stop totalitarian regimes
Truman Doctrine & Marshall Plan (June 1947)
Quote: "I believe that it must be the policy of the United States to support free peoples who are resisting attempted subjugation by armed minorities or by outside pressures" Truman
USA acting like the policemen of the world
Want to prevent Greece from becomimg a communist state
Established the Marshall Plan (1947)
Gave 13$ billion to all European nations to fight hunger, poverty, desperation and communism
16 nations were part of this plan
Policy of containment (trying to contain communism)
Tried to restore faith in Democracy and therefore reject extreme parties such as communism
The nations could buy American produced goods
Quote:" The most unselfish act in history" Winston Churchill
Quote:"dollar imperialism" Molotov
Bretton Woods, New Hampshire, USA (July 1944)
By June 1944, the Allies know it is only a matter of time before there Victory
Creat this meeting to reorganize the world
730 delegates coming from 44 different countries to establish IMF(international monetary funds) for reconstruction
Out of those countries 28 countries signe , USSR signed but after refuses to accept he conditions
Benifits
Establishes the US dollar as the world currency
Became the World Bank for national deficits
The companies were given birth on US soil therefore the USA can influence those important companies
They Became the "Bank Managers" of the World