World War I: America spent around thirty billion dollars on the war effort. At war's end, due to disagreements with the allies, the United States refused to ratify the peace treaty, join the League of Nations, or be part of the European recovery.
1929: British interest rates rose and lured capital away from America's Wall Street. Prices on the New York Stock Exchange plummeted in late October. The Great Depression set in and the American economy did not see serious improvement until the beginning of World War II.
Today: After a severe recession during the late 1970s and early 1980s, the stock market reaches record highs in the 1990s, and the American dollar becomes very strong in foreign markets. The United States, Mexico, and Canada begin cooperating in the North American Free Trade Agreement, while Europe.....
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