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World War I Abroad and At Home


United States participation in First World War was shaped by progressivism

The Great War (August 1914 ó November 1918)
Allies: Britain, France & Russia
Central Powers: Germany, Austria-Hungary
Assassination of Archduke Franz Ferdinand in Sarajevo on June 28, 1914

US initially "neutral"
US trade:
    exports to Allies up from $750 million in 1914 to $3 billion in 1916
    exports to CP shrink from $345 million in 1914 to $29 million in 1916
US credit: banks loaned $2 billion to Allies, $27 million to CP
 

Sinking of Lusitania, May 1915

Collapse of Russia, March 1917

US finally entered war in April, 1917

Fourteen Points
"self-determination"

Germany accepted armistice, November 11, 1918
 

War forced cooperation between government & industry

    War Industries Board (est. July 1917)

    Increase in corporate profits from the war
        Example: US Steel profit rose from $76 million before war to $478 million in 1917
        Total corporate profits jumped from $4 billion in 1914 to $10 billion in 1917

War offered opportunity to implement progressive reforms
    Child labor restrictions
    Womenís Suffrage ó Nineteenth Amendment
    Prohibition ó Eighteenth Amendment
    Commission on Training Camp Activities

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