At the beginning of the 20th century, the United States became the largest economic power in the world. At the turn of the 19th to the 20th century, the country’s industrialization took place at a very high speed, and the country’s population increased considerably with the entry of millions of immigrants.
- Crisis of 1929
The events of the First World War only reinforced this position of the USA in the world economy, and the 1920s was a period of great euphoria known as the Crazy Twenties. The excitement of economic development gave rise to a bubble of prosperity that ended up bursting dramatically in the 1929 Crisis, the biggest crisis in the history of capitalism.
The credit unregulated, coupled with speculation financial and stagnation of wages, created a false sense of prosperity that burst on Black Thursday, on 24 October 1929. On Monday, the 28th, more than 33 million shares were to sale causing its value to plummet and billions of dollars to disappear, resulting in the bankruptcy of the American economy.
The most critical period of this crisis was from 1929 to 1933, and the impacts on the American and world economy were drastic. Millions of people lost their jobs and the American economy did not recover until the Second World War.
- United States in World War II
The Second World War, which took place from 1939 to 1945, was an event of extreme importance in the 20th century and had great involvement by the United States. The United States entered the war when the Japanese attacked the Pearl Harbor naval base on December 7, 1941.
|1||Mexico City, Mexico||21,782,489|
|2||New York City City, United States||8,323,451|
|7||Los Angeles, United States||4,016,051|
|8||Santo Domingo, Dominican Republic||3,317,895|
|10||Guatemala City, Guatemala||2,934,952|
The next day, the Americans declared war on the Japanese and the Axis, and the Americans’ action in the war took place on two fronts. In Europe and North Africa, they fought against the forces of Italians and Germans, and in Asia and the Pacific, they fought against Japanese forces. Americans’ involvement lasted from 1941 to 1945.
Relevant American actions in World War II took place in battles such as the Battle of Midway, which took place in 1942 and resulted in the destruction of much of the Japanese Navy. In Europe, the Americans played a crucial role on D-Day, the name given to the landing of Allied troops in Normandy, on June 6, 1944.
A great controversy regarding the American participation in the conflict originated with the launching of the atomic bombs in Hiroshima and Nagasaki, on August 6 and 9, 1945. The launch happened as a way to force Japanese surrender and to avoid the need to promote the territorial invasion of Japan’s main island. Japanese surrender was made official on September 2, 1945.
- United States in the Cold War
Soon after the Second World War, the Cold War began, a political-ideological conflict that took place, from 1947 to 1991, between the USA and the Soviet Union (USSR). In this conflict, Americans and Soviets vied for international supremacy , each based on its ideology. The speech of Harry Truman, president of the USA, is considered to be the beginning of the Cold War , affirming the need to contain the advance of communism in Europe.
The Americans acted directly in the reconstruction of Europe in the postwar period and financed the reconstruction of these countries through the Marshall Plan . Throughout this period, the United States invested heavily in arms development and launched the space race , sending a manned expedition to the Moon in 1969.
The most tense moment in American history during the Cold War period occurred in the Cuban Missile Crisis in 1962. The Americans demanded the withdrawal of the Soviet missiles that were being installed in the Caribbean country. The threat of war led to a climate of strong tension that resulted in the withdrawal of the thrusters.
Other indirect or direct interferences of the Americans, during the Cold War, were in the Chinese Revolution, in the Indochina War, in the Korean War and in the Vietnam War. The involvement of the United States in this last one was remarkable in the history of the country and happened between 1965 and 1973, resulting in the death of approximately 60 thousand American soldiers .
The Americans tried to contain the advances of the Communists in the Asian country, but, over eight years of involvement in the conflict, they were defeated and the troops removed from the country by President Richard Nixon. This, in turn, was the protagonist of the biggest political scandal in American history: Watergate. In this scandal it was discovered that the then president was coordinating a espionage scheme against government opponents and activists. The investigations led to Nixon’s resignation in 1973.
In the 1980s, Americans were indirectly involved in the Afghanistan War , which began in 1979, when the Soviets invaded that country. The Americans began to finance and train fundamentalist groups that resisted the Soviets. Shortly thereafter, the USA emerged as winners of the Cold War after the Soviet Union dissolved on December 26, 1991, the day after the resignation of Mikhail Gorbachev , then its president.
- Civil Rights Movement
In the late 1950s and early 1960s, a movement began to gain momentum in the United States: the African American civil rights movement . Until then, that portion of American society was highly segregated through the aforementioned Jim Crow Laws. Especially in the South of the USA, there were laws that created spaces that African Americans could not attend.
A series of movements and associations began to emerge demanding and fighting for the civil rights of African Americans, and big names also emerged from this mobilization. The best known were Martin Luther King , Rosa Parks and Malcolm X . Martin Luther King, for example, was known for promoting this struggle in a peaceful way and was immortalized with his speech I have a dream.
- United States and the American continent
Throughout the 20th century, the United States interfered directly and indirectly in matters related to other American countries. At the beginning of the 20th century, the Big Stick policy set the tone for American ideology: it placed itself as a protector of the continent, would interfere in neighboring countries if necessary and would act against European influence here.
The American influence happened, mainly, in countries of Central America and the Caribbean. Thus, in 1898, the Americans fought against the Spaniards and promoted Cuba’s independence, transforming it into a kind of backyard of the USA, by installing corrupt governments that served the economic interests of the Americans.
When Cuban nationalists turned against the Americans in the 1950s, they isolated Cuba through a heavy economic embargo that lasts until today. Isolated, the island allied with the Soviet Union and became a communist nation.
The Americans also had a strong influence in countries like Nicaragua, implanting an extremely corrupt dictatorship there . When a guerrilla group turned against this dictatorial government and imposed a government based on the Soviet regime, the Americans began to influence counterrevolutionary movements.
Other countries that suffered strong US interference during the 20th century were Mexico and Panama, for example. In the case of South America , the highlight to be made goes to the 1960s and 1970s, when the American governments supported and financed corrupt and violent military dictatorships that settled in countries like Brazil, Chile, Uruguay, Argentina, etc.
In the 1980s and 1990s, the war on drugs led Americans to directly interfere in Colombian affairs, a country that has become a major producer of cocaine. More recently, the country at the center of American interests is Venezuela , which has the largest oil reserves in the world and has been experiencing an intense political, economic and humanitarian crisis since 2013.
United States in the 21st century
The United States entered the 21st century as the greatest political, economic and military power in the world without question. At that time, the power of the United States was challenged by a new enemy: terrorism. On September 11, 2001, the USA suffered terrorist attacks organized by al-Qaeda .
In this attack, the World Trade Center (the building ended up collapsing), an important commercial building in New York, and the Pentagon building in Washington were attacked . The attacks took place with hijacked planes being launched at the two buildings. The September 11 attacks resulted in the deaths of some 3,000 people.
In retaliation, the USA launched the well-known “War on Terror”. In 2001, Afghanistan was invaded with the aim of putting an end to al-Qaeda’s activities. Despite having ousted the Taliban, the group still has a strong presence in parts of Afghanistan and Pakistan. In 2003, it was Iraq’s turn to be invaded, and the reasons for this invasion are still considered nebulous.
More recently, the United States was involved in the international coalition that acted against the Islamic State, a terrorist group that emerged from the disorganization of Iraq promoted by the Americans themselves.
Visit the official website of Abbreviationfinder.org to find abbreviations starting or ending with North America.
Welcome to the top MBA directory in North America. We have created the list of best North American business colleges that provide BBA, MBA or DBA programs. Most business schools offer full-time, part-time and executive education. Such rankings are based on the student surveys, alumni reviews, admissions profiles, employment rates, average starting salary and peer school assessment. To find out detailed information about admissions and career about each school in North America, just follow the link below.
|Ranking||School Name||Program Length||City and State|
|1||Stanford Graduate School of Business||24-month||Stanford, CA|
|2||Harvard Business School||24-month||Boston, MA|
|3||Wharton School at the University of Pennsylvania||21-month||Philadelphia, PA|
|4||MIT’s Sloan School of Management||24-month||Cambridge, MA|
|5||University of Chicago’s Booth School of Business||21-month||Chicago, IL|
|6||Columbia Business School||24-month||New York City, NY|
|7||UCLA’s Anderson School of Management||22-month||Los Angeles, CA|
|8||Northwestern University’s Kellogg School of Management||24-month||Evanston, IL|
|9||University of Michigan’s Ross School of Business||20-month||Ann Arbor, MI|
|10||Yale University’s School of Management||24-month||New Haven, Connecticut|
Note: According to Countryaah, there are 24 countries in North America. Among these countries and regions, United States host the North America leading 10 famous business MBA programs.