Emergency of USA As a New Capitalism Super Power
The period after the end of the Second World War saw the emergence of the United States as the pre-eminent military and economic power in the world. Every part of the world came under the purview of US interests. The US also viewed herself as a great “moral force” in the world. Many Americans liked to think that the period in which they were living could quite legitimately be described as the “American Century”. Decline of European capitalism Before the emergence of USA Britain is a nation that was leading economically. there are reasons that led to this nation and other European states collapse economically and giving chance to USA. Factors which led to the decline of European capitalism 1. First and second world war Participating in the first world war and the second, it made European nations to decline because they spent a lot of money in war. 2. The great depression of 1929 - 1933 This weakened Europe Economy. For example, in France the Great depress...
