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War Sparking the Economy in U.S. History
During time of war the U.S. economy is always thriving. -
Spanish American war
The Spanish American war was a milestone for the United States because they became a superpower of the world and gained Hawaii, Guam, Puerto Rico, and the Philippines. -
The Great War
When the war began, the U.S. economy was in recession. But an economic boom from 1914 to 1918 brought them out of the recession. The War helped the U.S. economy. -
The Roaring 20's
The United States emerged from the war as a world military and industrial leader. There was a boom in the economy and industries were enjoying an increase in profits. -
The Great Depression
The Great Depression was the worst economic downturn in the history of the industrialized world and lasted from 1929 to 1939. It began after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors. -
World War ll
The U.S. entered World War ll after the Japanese bombed Pearl Harbor. The war ended the Great Depression itself and by the end of the every major economy in the world was severely damaged except for the United States. -
Effects of WW ll
After World War II, the United States experienced phenomenal economic growth. The war brought the return of prosperity, and in the postwar period the United States consolidated its position as the world's richest country.
