ESSAY

Essay

Essay

The United States Economy after World War II

In 1946 industrial production was below pre-war. United States after the war accounted for more than 60% of industrial production. Industrial production of the major capitalist countries, except the United States, declined significantly. But not only that, some of them had suffered heavy casualties, and the ruin of agriculture and other sectors of the economy. This coupled with the rise of the anti-fascist struggle developed during the Second World War and the prestige that it reached the communists resulted in an increase in the labor movement that culminated, in most cases, with the participation of the Communists governments in nine European countries (Divine, 1965). The World War II spurred industrial growth the fastest in the history of the United States. During the war, the productive potential multiplied rapidly, the monopolists' transformed American industry for war industry and became rich by selling weapons to the European powers. By changing the situation to the war, production had to be readjusted and, in 1946, fell by a third party, but even in 1947 the levels were above domestic needs, for what was coming a new economic crisis, the solution was sought to proceed with the militarization of the economy, fueled the arms race and, of course, began to encourage local wars in various parts of the world. However, in 1948 triggered the economic crisis, production fell by 8% and increased unemployment. The American monopolies war unleashed against the Korean people in July 1950. This war began with the aggression of the American troops to the Korean territory north of 38. In this intervention involving about 45,000 soldiers, heroic and combative residence of the Korean people established in 1953, the defeat of imperialism in that region of the world. Again in that year until 1954, another economic crisis hit the United States. The capitalist economy continued to express its instability at this stage (Divine, 1965).

Exports of food and raw materials to Europe from Latin America, Canada and other countries increases the purchasing power, and hence the importance of these countries as a market for U.S. goods. In 1947, U.S. exports exceeded imports by about 2.5 times, while U.S. exports to Europe exceeded imports from Europe 7 times. This abnormal balance in the American trade with Europe was bound to continue to devastate the entire state of U.S. foreign trade. Taking into account the sharp struggle between the two systems as a result of the expanded U.S. policy of "Cold War", in Washington believed that the stabilization and strengthening the position of capitalism in Western Europe are beneficial to the U.S. economically and politically necessary. Meanwhile, in the early postwar years, private capital was reluctant United States abroad. Since the end of the Lend-Lease in 1945 until the spring of 1949 the U.S. government provided foreign governments in the form of loans and grants of about $ 20 billion, while exports of private capital from the United States was during this time, only about ...