The great depression
It was the worst experience due to the economic downfall in the history of the industrialized world that lasted from 1929 to 1939, leading to the crash of the stock market. After the crashing of the stock market in October 1929, it led to a lot of panic on streets, and also millions of investor’s investments were wiped out. Investment and consumer spending declined to cause a steep decrease in industrial output and employment as a result of failing companies had to fire employees. By 1933, more than half of the banks experienced a failure and almost 15 million had no jobs.
United States economy grew rapidly throughout the 1920s leading to doubled nation’s total wealth between the years 1920 and 1920. stock Exchange in New York City saw an awkward situation where millionaire tycoons to mere cooks poured their savings into the stock exchange market hence, making it grow rapidly reaching its peak in 1929 August (Foner, 2019).
Furthermore, in the summer the American economy entered a bland recession due to slow consumer spending which led to less factory production. At the end of 1929, some worried investors began to sell their overpriced shares leading to the stock market crash. Consumer confidence disappeared as of stock market crash, spending and investment fall led to reduced productivity after firing their workers while the lucky ones that remained, the wages were reduced, and buying power reduced.
With Hoover and his administration trying to give support to failing banks for them to hire back their employee, the idea bore few fruits which led to Roosevelt being elected. Roosevelt created the Federal Deposit Insurance Corporation (FDIC), Securities and Exchange Commission (SEC) to regulate the stock market and depositors. Moreover, Roosevelt made use of new deals with the likes of Tennessee Valley Authority and inclusion African Americans in his cabinet which led to the resurgences of the United State economy once more.
The world II domestic mobilization
World War 2 was the most violent and largest armed conflict in history that has any mankind witnessed. It was fought on the land, sea, and as well as on-air with diverse approaches for approximately six years. Domestic mobilization played a major role in World War 2 with millions of armed men at a time. Some of powerful nation used factors to mobilize its domestic troops such home economy front. Some countries issued rations that were used to purchase various foodstuffs such as meat, milk, cheese, and gasoline.
Furthermore, the United States enlisted more men into their army, the nation took more actions in attracting more men into the army by relaxing restriction on the minorities, and it also formed War Manpower commission which helped shifting manpower to more critical areas and the armed forces.
Mobilization was so expensive and to finance a war needed several avenues such as the sale of war bonds, obtaining loans, and taxes in order to raise finances to be used (Jeffries, 2018). Moreover, women were brought up into the mobilization process which was a new opportunity for them because in the past they were not given much at a higher post, this was because most men were joining the military, where shortages occurred War Manpower Commission deployed women where there was a labor shortage. African Americans were recruited into the military because more manpower need had increased dramatically after the attack on Pearl Harbor, although during this period racial equality was still an issue
War mobilization came with some positive impacts it led to a revival of the United States economy which led to industrial production of tanks, tanks, guns and ammunition, and ships reshaping business and government relationships. Social and economic changes came as a result too which led to the establishment of the United States economic system and society due to organized labor. Women made too tremendous gains outside the home they were not only filling secretarial positions but also clerical positions in greater numbers.
The cold world
The cold world is a political, economic rivalry between the Soviet Union and its allies and the United State of America and its allies, although both parties were at peace technically the period was attributed to the aggressive army race and ideologies in a bid to dominate the world after the 2nd world war (Ali, 2019).
The technically cold war originated after an atomic bomb that was used by the USA on Hiroshima and Nagasaki which was a great threat that would end large scale wars. United States and Soviet Union viewed each other with great suspicion which hastened them to consolidate allies leading to the world choosing sides in an ideological fight between communism and capitalism. Ideologies and military might to both countries became increasingly important. Both countries poured billions of funds that accumulated nuclear and explored the universe. In the year 1962, both countries pointed missiles on each other, the Cuban missile crisis made Soviet Union and united state closer to the real conflict in the entire cold war.
Furthermore, proxy wars such that of Korea, Vietnam, and other armed conflicts which both parties funded or fought on capitalist or communists are to some extend cold war proxies. U.S and USSR also funded political assassinations in some parts of Central America, Asia, Africa, and the Middle East, revolutions, and insurgencies.
However Cold war ended in the 1980s when Soviet bloc was dissolved and fall of the Soviet Union in 1991 it still affects modern geopolitics, the United States as the last remaining superpower still retains a wide-reaching alliance, high weapon investment, and international military outposts. NATO an alliance that is between European countries and the United State broke at the outset of the cold war and also the United States still commands and rules political power. The high and increased tension between the western countries and Russia is today perceived as a recent second cold war.
Cold war civil rights
With the cold war taking shape, African-Americans struggled so much to attain equality with the whites in the entire United States. Both the whites and African Americans united to protest against racism and discrimination though this was rendered futile because they were not well organized. At the end of the Second World War, a well-organized civil rights movement came into lame light, with martin Luther king Jr emerged as an important and pivotal leader. He organized boycotts, sitting and marches as well as protest. With the passage of civil rights and voting rights Act of 1964 and 1965 simultaneously made Civil Rights successful during these two years.
Furthermore, the two Acts outlawed segregation, guaranteed African Americans equal protection, and secured the black the right to vote. However, the activist still championed for equal pay for equal work done for African Americans. The activist also championed for improved educational opportunities for all American races. However, the Civil Rights activist gained a lot of advantages because the government was trying to build a good image internationally still the logic applies to improve the nation’s reputation does not require real change. Civil rights provide good facts for reflections (Rocksborough-Smith, 2018).
Although the cold war is dimmed over, racism remains a critical factor in geopolitics. Events recently appear so much tied to the destiny of democracy in the United States and the way the whole world sees it in a divided view. African Americans who were victims of cold war civil rights should be at forefront runners in championing human rights.
References
Ali, S. M., & Ali, S. M. (2019). Cold war in the high Himalayas: The USA, China and South Asia in the 1950s. Routledge.
Foner, P. S., & Lewis, R. L. (Eds.). (2019). The black worker to 1869. Temple University Press.
Jeffries, J. W. (2018). Wartime America: The World War II Home Front. Rowman & Littlefield.
Rocksborough-Smith, I. (2018). Black Public History in Chicago: Civil Rights Activism from World War II into the Cold War. University of Illinois Press.
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