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The U.S. government continued to instill inflationary policy following World War I. [1] By June 1920, crop prices averaged 31 percent above 1919 and 121 percent above prewar prices of 1913. Also, farm land prices rose 40 percent from 1913 to 1920. [2] Crops of 1920 cost more to produce than any other year.
Pierce began by noting the stability and peace enjoyed by the United States compared to the conflicts troubling Europe. He expressed relief that the nation had remained free from external wars and internal strife, though he cautioned about unresolved disputes with Great Britain over Central American interests, particularly the Bay Islands and British influence over the Mosquito Coast.
Weapons for Liberty – U.S.A. Bonds, Liberty bond poster by J. C. Leyendecker (1918). During World War I, the United States saw a systematic mobilization of the country's entire population and economy to produce the soldiers, food supplies, ammunitions and money necessary to win the war.
The Allies had much more potential wealth that they could spend on the war. One estimate (using 1913 US dollars), is that the Allies spent $147 billion ($4.5tr in 2023 USD) on the war and the Central Powers only $61 billion ($1.88tr in 2023 USD).
War costs and their financing: a study of the financing of the war and the after-war problems of debt and taxation (1921) online; Bogart, E.L. Direct and Indirect Costs of the Great World War (2nd ed. 1920) online 1919 1st edition; comprehensive coverage of every major country; another copy online free Archived 2016-03-10 at the Wayback Machine
Brutal winters diminished supplies and left both sides cold, starving, and wet. Lack of shoes and good clothes caused vulnerability and the spread of disease. Rain, snow, heat, and cold all played their role in World War One because of the giant amount of areas the war was fought in. [8]
Episode 4 of The Lord of the Rings: The Rings of Power finally reveals what the dwarves of Khazad-dûm have been mining in secret: mithril!A precious metal invented by J.R.R. Tolkien for his ...
The post-Napoleonic Depression was an economic depression in Europe and the United States after the end of the Napoleonic Wars in 1815. In England and Wales, an agricultural depression led to the passage of the Corn Laws (which were to polarize British politics for the next three decades), and placed great strain on the system of poor relief inherited from Elizabethan times.