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Major General Smedley Butler, United States Marine Corps, criticized war profiteering of US companies during World War I in War Is a Racket. He wrote that some companies and corporations increased their earnings and profits by up to 1,700 percent and how many companies willingly sold equipment and supplies to the US that had no relevant use in ...
A war economy or wartime economy is the set of preparations undertaken by a modern state to mobilize its economy for war production. Philippe Le Billon describes a war economy as a "system of producing, mobilizing and allocating resources to sustain the violence."
This is a list of military conflicts, that United States has been involved in. There are currently 123 military conflicts on this list, 5 of which are ongoing. These include major conflicts like the American Revolutionary War, the War of 1812, the Mexican–American War, the American Civil War, the Spanish-American War, World War I, World War II and the Gulf War.
The history of the United States from 1917 to 1945 was marked by World War I, the interwar period, the Great Depression, and World War II. The United States tried and failed to broker a peace settlement for World War I , then entered the war after Germany launched a submarine campaign against U.S. merchant ships that were supplying Germany's ...
Founded in the wake of WWI, Douglas Aircraft would go on to design and produce some of the most iconic aircraft of World War II. The A-26 Invader and the A-20 Havoc made names for themselves as ...
As German citizens, many Austrians fought on the side of Germany during World War II. After the Allied victory, the Allies treated Austria as a victim of Nazi aggression, rather than as a perpetrator. The United States Marshall Plan provided aid. [65] The 1955 Austrian State Treaty re-established Austria as a free, democratic, and sovereign ...
The average rate rose to 35% in 1816. The public agreed, and by 1820, the average rate in the U.S. had risen to 40%. Between 1816 and the end of World War II, the U.S. had one of the highest average import tariffs on manufactured goods in the world.
American industry and labor prospered after World War II, but hard times set in after 1970. For the first time there was stiff competition from low-cost producers around the globe. Many rust belt industries faded or collapsed, especially the manufacture of steel, TV sets, shoes, toys, textiles and clothing.