Dec 25, 2009

A Farewell to Arms | Compare and Contrast

World War I: America spent around thirty billion dollars on the war effort. At war’s end, due to disagreements with the allies, the United States refused to ratify the peace treaty, join the League of Nations or be part of the European recovery.

1929: British interest rates rose and lured capital away from America’s Wall Street. Prices on the New York Stock Exchange plummeted in late October. The Great Depression set in and the American economy did not see...