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Answer:
Bretton Woods Conference
tariffs
inflation
loans
Cultural Revolution
Tiananmen Square
neocolonialism
They believed that economic hardship was responsible for the world wars and the rise of fascist dictators. They believed that a more connected world would be more politically stable and that nations would not see one another as competitors.
Students may argue that neocolonialism does exist through the global economic order. By this reasoning, richer nations still interfere and control the affairs of smaller nations. Like in the case of colonialism, private corporations extract raw materials and exploit cheap labor in former colonies while individuals in richer nations keep the profits. On the other hand, students might point to the benefits that international trade has brought across the globe. By creating global institutions, richer nations are incentivized to invest in poorer nations for a return, which created jobs and infrastructure.
Explanation:
America's reaction to World War II existed the most extraordinary mobilization of an idle economy in the history of the world. During the war, 17 million unique civilian jobs existed made, industrial productivity raised by 96 percent, and corporate profits behind taxes doubled.
Why did the global economy develop after WWII?
Economically, the time after the end of World War II existed a time for driving from the industry of creation for the sense of destruction and into the industry of creation for creation's sake, resulting in a perspective of investigating new technologies and business ideals formerly unheard of. When the war started, the U.S. economy stood in recession. But a 44-month economic boom occurred from 1914 to 1918, first as Europeans formed buying U.S. goods for the war and after as the United States itself entered the battle.
To learn more about the global economy after WWII refer to:
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