What were the key reasons for the rise and decline of US economic supremacy in the decades following WWII.

 

Fall and Rise of US Economic Supremacy During World War II

World War II comprised the essential economic occurrence that either boosted or lowered the financial situation of the united states of America. The effects of the war were far-reaching and varying. The emergence of the united state arose from its ability to control its consumption and spending during the war (Merryman,2020). Therefore the paper seeks to identify the fall and rise of economic supremacy of the US in the decades following World War II.

Reasons For Economic Supremacy During The Decade of World War II for the US

Despite the colonial crisis, the American economy expanded significantly between 1941 and 1945 due to the first expansion of the US employment rate, which arose due to industrial production in the area (Merryman,2020). Socndly, a population shift that emerged from the large number of American soldiers moving from various parts of the world was another reason for the economic supremacy of the USA during that era. Scientific and invention of technology towards the production of weapons of war also positively affected the financial condition of the USA.

Reasons For The Fall Of US Economic Supremacy During World War II

Despite the much rise, the united states were also faced with several other factors contributing to its economic failure. Some of the elements included higher taxes and financial debt to help fund the expensive cost of war that also contributed to the great fall of the country's economy. The US government also faced a higher level of inflation that, on the other hand, played a role in its economic supremacy decline (Merryman,2020). The country further faced the problem of unequal distribution of income and fall in its market values that also played a role in the deterioration of the economic supremacy of the united states of America.

In conclusion, during world war II, the US faced both economic growth and fall. First, the leading causes of the rise in economic supremacy included expansion of the US employment rate, scientific invention, among others. The leading cause of the fall of economic dominance had higher taxes and financial debt, among other factors leading to a decline in economic supremacy.