History

• The European economies were severely damaged leading to the USA's rise as the dominant global economic power


  After WW1
• The US economy was booming with industrial growth, employment, and a thriving stock market


  1920
• The US economy slowed because banks failed, businesses closed, and the economy got really weak


  1930
• In the 1930s many people lost their jobs and couldn't afford basic things like food and homes
• People all over the world struggled to make ends meet, and The Great Depression made things really tough for countries all over the world in the 1930s
• Leaders who said they could make things better gained power
• They focused on making their countries stronger and taking over other lands to get more resources
• This created a lot of tension between countries such as countries like Germany, Italy, and Japan became more aggressive
• Their leaders, like Adolf Hitler in Germany and Benito Mussolini in Italy, wanted to make their countries stronger by taking over other lands and resources
• Germany and Italy invaded neighboring countries, which made everyone worried and led to conflicts
• Japan also expanded aggressively in Asia
• This created a lot of tension with other powerful countries like the United States and caused World War II to start in 1939
• The economic problems of the Great Depression helped spark the war by making countries more aggressive and less willing to work together
• It took a long time for things to get better again