PS-0061 Lecture 17: Lecture 17.docx
Document Summary
Wilsonian liberalism: wilsonists promoted liberal ideas, international free trade for world prosperity, world peace, convergence of ideals, us has many workers, need good markets to buy all their products, britain is criticized by us for imperialism, but they are hypocrites, spirit of influence, japan and russia, uk and us, cuban missile crisis, conflict lasted for decades, but ended without a conflict, great war doesn"t exist anymore, too expensive. Post wwii reconstruction: rest of the world was completely destructed, us gdp grew by 250, 65% of world production and world reserves for us by end of the war, marshall plan, offer to aid european countries, draw europe into american sphere of influence more, monetary funds, gold standard, british hegemony over us and other nations, dollars emerge as equivalent to the pound, international standard, us wants free trade to emerge, knows that it can"t happen immediately but takes steps to go in that direction.