The WWI Essay Example | Topics and Well Written Essays - 500 words

The WWI - Essay ExamplePrior to joining the WWI, the United States enjoyed a blossoming, prosperous age that were evidenced by a rapid growth in the GDP and a positive advantage in the standards of living of the American People (Gary pp 417). However, after the warfare, with much of the expenses in the war having been borne by the American people, there was a considerable slump in the American economy. The average American consumer had to chuck kayoed more to obtain the same amount of goods they would have obtained before the war. After the war, the American government enormously reduced its number of troops and significantly reduced the pay of the remaining solders. As a government issue veterans returning from the war complained of the lack of other opportunities in the country. Since congress had allocated many funds to ensure victory in the war and with the strain in the standard of living, the rise in inflation became persistent. After the war the government was more indeb ted than ever in the history of the United States. The war had cost the American government an estimated $38 million financed by the federal government and through the issue of war bonds and stamps (Cross pp 45-57). Prices of commodities separatrix up tremendously. Investment reduced greatly as Americans had no surplus cash due to the ascending inflation.