History Board Question 1

HistoryBoard

Question1

Oneof the domestic reasons for the Great Depression was the stock marketcollapse of 1929. During the early 20’s, the economy experienced aboom this made individuals engage in stock investments. The federalgovernment encouraged people to invest in purchasing stocks since themove contributed vastly to the economy. Since the economy was in aboom, it was feasible to purchase stocks at a value less than themarket rate. When the stock market collapsed, people experienceddifficult economic times, and this is deemed to mark the onset of theGreat depression. Another domestic cause was the failure of more than9,000 banks. This resulted in a decrease in investment, which in turnled to the worsening of the economy.

Onthe other hand, the foreign causes of the economic slump were areduction in buying across the border and the economic policy thatAmerica had with Europe. When the stock market crashed, people fromall classes stopped buying items due to the fears that they had withthe economy. This led to a reduction in production as well as theworkforce. Indeed, unemployment increased to more than 25%.Alternatively, when businesses started to fail, the governmentestablished the Smoot-Hawley Tariff in an attempt to protect theAmerican companies. Since the tariff involved payment of high taxesby the foreign countries, there was a decline in trade amid Americaand other nations.

Inresponding to the Great Depression, President Hoover responded bygiving most of the resources to charities and urged Americans to dothe same. He believed in charities and spent $500 million annually ongovernment programs and public works to construct or improvegovernment properties.

Question2

TheCold War was chiefly a battle of supremacy. Following the conclusionof the WWII, the Soviet Union and the United States engaged in a warthat did not involve physical fighting, but rather challenging oneanother regarding who stood out more than the other in terms ofpolitical, economic, technological, as well as social ideas. Theconflict amid the two nations was unavoidable. One of the reasons whythe U.S. was unable to shun entering the Cold War with the SovietUnion was because it feared the expansion of communism. Since theconclusion of the WWII had shown that Russia and the United Statesemerged as powerful, the U.S. could not allow the expansion ofcommunism, which was supported by Russia, because the growth ofcommunism could produce a revolution in the Western European nationsand the movement could have eventually reached the American soil. Inorder to avoid the spread of communism, the U.S. was fast to takemeasures that were geared towards the blocking of the expansion ofthe ideology. In case the movement was allowed to expand, the UnitedStates feared that there could have been another world force thatcould have emerged. Also, the United States had no choice other thanto enter the Cold War because it was necessary to counter each otherthrough ideas rather than engaging in warfare. This is because theU.S. did not want countries to experience another battle after theWW2. Therefore, it had to be involved in the Cold War to avoid othercountries being wooed by the communists to enter into a fight.

Question3

The1980s commenced on a depressing economic note. The rate ofunemployment continued to be above seven percent while the cost ofliving was soaring at a rate of eight percent annually. The nationwent through a sharp recession in 1981 and 1982, where approximatelyten percent of the workforce had no jobs. However, the economyrevived quickly and turned the rest of the decade into relativeprosperity. One of the sources of the American recovery was anincrease in the productivity of the workforce emanating from the useof computers, robots, and other machines. Another source was theincrease in the stock values, which allowed investors to reapheavily. The rise in stock values let loose a wave of corporatemergers, as firms used stock to purchase rivals. As the dealsmultiplied, the number of traders who gained illegally from insiderknowledge increased too. The beneficiaries of the economic recoverywere upper-class and the middle class since economic policies and taxcuts favored them. On the other hand, the low-income earners and thepoor were the losers because the real wages of retail andmanufacturing workers remained stagnant, and the fate of thedisadvantaged was of little concern to the Yuppies.

Question4

Theexistence of imperialism in America can be associated with differentsupporting as well as opposing ideas. One of the supporting points isthat imperialism helped to pave the way for global modernization. TheUnited States has been a leader in different areas such as thedevelopment and use of technological devices. In bringing theseideas to other countries, the U.S. has utilized imperialism. Thus,other nations have been in a position to realize developments as aresult of the use of imperialism. Also, it has assisted in developingglobal defense support. With more than 650 military bases in 38nations, American imperialism has aided in giving the globe defensivesupport. This has been realized through offering training, equipment,support and other resources. Furthermore, imperialism can beassociated with industrialization. As the U.S. linked with othercountries, it opened up the route for globalization, which helped ininfrastructure developments and paving way for trade. This encouragedthe rise of industrialization. On the other hand, imperialism is notgood because it results in discrimination. The exchange of culturesand traditions is a noble thing however, it should not be forced.Some countries have been coerced to accept foreign ideas throughimperialism. In addition, imperialism leads to exploitation since thecountry that has control can use natural resources of another nationto extract benefits.

Question5

Theidea of using bomb during the WW2 has been an area of controversy,where some people have supported the plan while others have anopposing dimension due to various reasons. One of the supportingideas of the use of the bomb was that it helped in shortening thewar. When the bombs were dropped, the primary chief objective ofshortening the war became met since the Japanese called for thehalting of the war. Besides, the bombs were necessary since theJapanese had refused to surrender, a move that could have made thewar continue. However, with the drop of the bombs, the Japanesechanged their decision concerning the battle. On the other hand, theuse of the bomb was illegal under the tenets of the internationallaw, which indicates that it was wrong for the United States to usethe bomb in the attack. Moreover, it can be argued that theutilization of the bombs cannot be supported since it can be viewedas a plan that became fueled by racism. In addition, there were otheralternatives other than the use of bombs such as allowing theJapanese to surrender unconditionally and let them keep theiremperor.