HIS 1101 Lecture Notes - Lecture 8: Immigration Act Of 1924, German Gold Mark, In Kind
21 Apr 2016
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Document Summary
Us emerges from ww1 as the dominant economic power: mostly b/c they were untouched from war, involved for a very short time and benefitted from the war. Japan is in a similar position: involved in minimal way and benefitted from war, emerged as a dominant economic power as well. One of reasons was problems with trade during ww1: submarine warfare limited trade, forced them to find other alternatives. Before ww1 europe accounted for 50% of us trade, after ww1 it accounted for 30% Total value of all the countries" exports increased by 66: japanese exports tripled and american exports doubled. Us trades with latin america more, japan trades with rest of asia and usa more. Us replaced europe as dominant trading centre of the world. Japan moving into east asian markets that were dominated by british and french. Allied commission (composed of the allies) that tried to establish amount of money.
