World War II Essay Example | Topics and Well Written Essays - 2500 words

World War II - Essay Example The Second World War was fought between 1939 and 1945 in Europe, in Russia, North Africa and in Asia. Indeed, the Second World War was lasted longer, was more volatile than the First World War. Moreover, the effects of the World War 1 contributed to the emergence of the World War 11. Children, women, men, military either participated in the war or was adversely affected by the war. Indeed, World War II was a global war that was under way by 1939 and ended in 1945 and largely involved all great powers and their armies in a show of might and dominance. The reference world powers later grouped themselves into two alliances, the Allies and the Axis. The war was fought using high technological weapons of unpredictable destructiveness in unsurpassed numbers with the ultimate use of the atomic bomb. It remains the most widespread and destructive war in history. Indeed about, 100 million people participated in the war where there was use of nuclear weapons. So significant was the war that th e participants sacrificed all their scientific capabilities and economic positions to succeed in the war. This paper will give the background, the causes, the participants, and the sequence of the war, the results, and the impact of the World War 11. ... The treaty equally set out the size and capability of the country's armed forces. Moreover, Benito Mussolini led the Fascist movement in seizing power in Italy between 1921 and 1925. As such, he replaced representative democracy and repressed socialist to force Italy to become a world power. At the same time, there were developments in Germany where  Adolf Hitler led  in establishing a fascist government in Germany. These developments worried UK and France where they consequently formed the Stresa Front with an aim of containing Germany. However, Italy invaded Ethiopia with Germany being the only major European nation to support the invasion with a trade in that allowed Italy to support Germany in absorbing Austria. Adolf Hitler on the other hand defied the Treaty of Versailles and  Locarno by reinstating his military  in March 1936. Indeed, Hitler and Mussolini supported the fascists while the soviet supported the Spanish Republic in the Spanish Civil war in 1936 where both parties tested their new weapons and methods of warfare in readiness for war. Subsequent attacks followed later with Japan capturing Beijing, China in 1937 as Germany annexed Austria in 1938 (Marshall Cavendish Corporation 12). Additionally, Germany and Slovakia attacked Poland in 1939. As a result of this countries of common wealth were mobilized by France and Britain to declared war on Germany. As such, by 3 September, Britain and France were at war with Germany where Australia, South Africa, Canada, and New Zealand joined them in a weeks’ time. This marked the beginning of the Second World War. The Home front of the war was Britain because the Britons felt that

Applied Macroeconomics Essay Example | Topics and Well Written Essays - 750 words

Applied Macroeconomics - Essay Example iii. The decline in the personal savings rate of Americans will result in the shift of the IS Curve to the right. iv. A drop in business confidence following the collapse of the stock market will shift the IS Curve to the left. 4. A change in which of the following would cause the LM curve to shift To rotate, To both shift and rotate Which of these do not affect the slope or position of the LM curve i. nominal money supply (Ms) affects the position of the LM curve. The increase in the nominal money supply would cause the LM curve to move to the right. ii. the responsiveness of the demand for money to the interest rate influences the slope of the LM curve. The more responsive the demand fore money with regard to the interest rates level is, the less steep the slope of the LM curve will be. iii. the responsiveness of the demand for money to income also influences the slope of the curve. The more responsive the demand fore money to the income level is, the steeper the LM curve will be. iv. business and consumer confidence level changes have influence on the slope of the LM curve and, therefore, would cause the LM curve to rotate. v. interest rate (r) does not affect the position or slope of the LM curve. The change in interest results in change in quantity of real balances demanded and results in movement along the LM curve. vi. price level (P) influences real money demand and, as a result shift the LM curve. If the price level increases, the real demand for money decreases and the LM curve shifts to the left. 5. Explain the concept of "crowding-out". Under what circumstances could government spending be "crowded-out" Do you think this is likely to be the case "Crowding-out" takes place when expansionary fiscal policy leads to the...Increase in government spending, income tax cut or an investment subsidy will raise the interest rate if the quantity of money is unchanged. The IS Curve has negative slope because a higher level of the interest rate (vertical axis) reduces investment spending, thereby reducing aggregate demand and thus the equilibrium level of income (horizontal axis). The steepness of the curve's negative slope depends on how sensitive investment spending is to changes in the interest rate and also on the multiplier. The movement along the IS Curve occurs with the changes in the level of the interest rate and corresponding change in the level of income. If interest rate increases, the equilibrium level of income decreases, and vice versa. ii. the responsiveness of the demand for money to the interest rate influences the slope of the LM curve. The more responsive the demand fore money with regard to the interest rates level is, the less steep the slope of the LM curve will be. "Crowding-out" takes place when expansionary fiscal policy leads to the increase in the interest rates level and, thus, reduces private spending, in particular investment. This way increase in government spending "crowds-out" investment spending. Full "crowding-out" can occur under the condition of a vertical LM schedule when the fisc