HIST 2057 Chapter : History 2057 Paper 3
Document Summary
The changes in america from 1920 to 1945 were primarily detrimental to the united. One example is pearl harbor, after the attack, many americans became fearful of an unstable future, which leads to spending less, saving more, and then slower economic growth. The crash of the stock market accelerated the global economic collapse, which eventually lead to the great depression; the longest lasting economic downturn in the history of the industrialized world. During world war ii, the economy shifted from a peacetime economy to a wartime economy where the focus is the war effort instead of strengthening the. United states infrastructure and growing the national economy. Prohibition laws decreased the amount of taxes being collected from alcohol and eventually cost the government billons in lost tax revenues. A final example is social security which added extra expenses on companies, lowering business productivity and raising unemployment. On december 7, 1941, the united states naval base pearl harbor was attacked by.
