Why did the United States advocate open trade following the Great Depression and end of World War II?

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03-05-2020
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Why did the United States advocate open trade following the Great Depression and end of World War II?

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saladshot13 saladshot13 · Answer 1 · 2020-05-03T21:30:24+02:00

Answer:

The United States advocated open trade because that would boost the economy. During WWII, the economy was booming as supplies for the war were needed and employment was at an all-time high because when men needed to go off to war, woman took their place in their jobs. After the war, when all the men came home, the woman did not have any more work. As a result, more people were unemployed and the economy went down. It makes sense that the US would encourage free trade to lift the economy back to its former heights, or at least keep it going. The same goes for the Great Depression but even more so, as this time, instead of having to keep the economy running after a boom, the US government wanted to return the economy so people would at least have a place to live, steady income, and food as the Great Depression was a time where almost everyone was poor. The US advocating for open trade was one way they tried to bring the economy back up from the Great Depression.

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gauravsingh23VT gauravsingh23VT · Answer 2 · 2022-05-13T15:29:52+02:00

The US argued for free trade because it would benefit the economy. The economy was growing during WWII as resources for the war effort were required.

What were the major causes of the Great Depression?

The Great Depression is claimed to have been triggered by the stock market crash of 1929.

World trade collapsed as a result of the Smoot-Hawley Tariff, government policies, bank failures and panics, and the money supply collapsed.

Thus, The US argued for free trade because it would benefit the economy.

For more details about Great Depression, click here

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