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Economy of the United States since 1945

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  1. A family that is closely linked with the US authorities
    1. A strong commitment to the American political and economic life
    2. The incarnation of the "model family" in the American myth of the Kennedys
  2. A controversial ?clan?
    1. The hidden faces of the Kennedy clan
    2. The end of a myth?

"Do something and if it does not succeed, try something else." Franklin Delano Roosevelt's words were illustrated the pragmatism of the United States. It defined their attitude to adapt to every situation and the action-oriented practice. In autumn of 1945, at the end of World War II and a few months before Roosevelt's death, the U.S. was already represented as the world's largest economy. It was therefore not difficult for them to adapt to the situation and we will, therefore reconsider the causes of power in reaching that position.

The United States has long been an isolationist country because they entered the Second World War late, following the attack on Pearl Harbor on December 7, 1941. They were not fighting on their territory. Thus, at the end of World War II, American losses represent 1/80th of the casualties of the USSR. The United States thus had a major advantage compared to Europe and Asia: they did not have to engage in the costly tedious process of reconstruction. Moreover, the war was a good thing for them because it helped to revive the economy following the crisis of the 1930s. All this contributed to the economic position of the United States in 1945. But it is not an ordinary event, besides it is rare that events related to American power are dangerous.

By 1944, the U.S. contributed to the SMI by the system of fixed exchange rates established at Bretton Woods in 1944. This system was the culmination of the thesis of a group of U.S. experts led by Harry D. White. The dollar was convertible into gold now (parity fixed at $ 35 per ounce), which contributed to the future supremacy of the United States. In addition, U.S. experts, concerned the conversion of the U.S. war economy, the administration has taken steps to reduce the importance of a crisis of conversion. Therefore, even before the war ended, she gave liberty to companies requisitioned for war production.

The supremacy of the United States in 1945 is based on assets that the U.S. possessed before the Second World War and their tendency to isolation in recent years. However, it also rests on the achievements in the sense that, already economically powerful, the United States were organized to maintain a leadership position. The Bretton Woods monetary system and the decision of the U.S. administration on the war industry are interesting examples of their strategy, since they show that the phenomena of leadership and maturity go hand in hand. Indeed, the U.S. lead because they anticipated before the other countries the conversion of the war economy. Similarly, they anticipated this conversion because they held a dominant position and their organization has allowed them to step back from the situation.

Though even in addition to the crisis of the 1970s, the U.S. has been an economic leader and it is undeniable that the Cold War has raised the head of liberal democracies (I), it is necessary to remember that this leadership position has faults (II).

Tags: war economy, Pearl Harbor, Second World War

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