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Pax Americana [1] [2] [3] (Latin for ' American Peace ', modeled after Pax Romana and Pax Britannica), also called the "Long Peace", is a term applied to the concept of relative peace in the Western Hemisphere and later in the world after the end of World War II in 1945, when the United States [4] became the world's dominant economic, cultural, and military power.
Industrial production returned to its peak levels by October 1922. The AT&T Index of Industrial Productivity showed a decline of 29.4%, followed by an increase of 60.1%—by this measure, the recession of 1920–21 had the most severe decline and most robust recovery of any recession between 1899 and the Great Depression. [14]
The word "pax" together with the Latin name of an empire or nation is used to refer to a period of peace or at least stability, enforced by a hegemon, a so-called Pax imperia ("Imperial peace"). The following is a list of periods of regional peace, sorted by alphabetical order.
The Economic Stabilization Act of 1970 (Title II of Pub. L. 91–379, 84 Stat. 799, enacted August 15, 1970, [2] formerly codified at 12 U.S.C. § 1904) was a United States law that authorized the President to stabilize prices, rents, wages, salaries, interest rates, dividends and similar transfers [3] as part of a general program of price controls within the American domestic goods and labor ...
Since the 19th century, the United States government has participated and interfered, both overtly and covertly, in the replacement of many foreign governments. In the latter half of the 19th century, the U.S. government initiated actions for regime change mainly in Latin America and the southwest Pacific, including the Spanish–American and Philippine–American wars.
[41] [48] [51] [52] [53] A corvée system of forced labor was used by the United States for infrastructure projects, that resulted in hundreds to thousands of deaths. [ 48 ] [ 53 ] Under the occupation, most Haitians continued to live in poverty, while American personnel were well-compensated. [ 54 ]
(As a refresher: The meme stock era refers to the early 2021 run-up in GameStop and other heavily shorted stocks in 2021, during which retail traders bid up the price of stocks, largely because ...
The prices of agricultural products began to decline after W.W.I and eventually many farmers were forced out of business, causing the failure of hundreds of small rural banks. Agricultural productivity resulting from tractors , fertilizers , and hybrid corn was only part of the problem; the other problem was the change over from horses and ...