Question

What were the advantages and disadvantages of government intervention in the economy during 1900-1929? What were the advantages and disadvantages of US presence in the Caribbean? What were the advantages and disadvantages of the United States entering the Great War? What were the failures and/or successes of Wilsonianism in terms of relations between diverse ethnic groups domestically and internationally? How did foreign ideas (Bolshevism, anarchism, etc.) shape the United States during 1900-1929?

Answer 1

The pros and cons of government intervention are the Marxists argue that government should intervene in all areas of the economy in order to provide efficient economy and distribute all resources in a equitable manner.Government provided public goods like defense as well as merit goods like education and health.Reduced inequality and poverty ,protected environment and controlled the power of the monopolies.Disadvantages of government intervention are government failures, like government taking action for short term which leads to outcome which is inefficient.Lacks incentive among individuals and leads to less production.Government intervention leads to less choices .

During the 20th century there were political conflicts between the Germans and USA starting from during world war 1. The reasons were debt policy,increase in German investment ,submarine war,as well as economic interest of US.US presence in the Caribbean was to control drug trafficking in US .

US entered the great war because of the advantages of the war like peace , love and money.But war has its disadvantages as well like debt, death , sadness.

Wilsonianism are certain ideology of foreign policy. Wilson's foreign policy respects the nation's ideologies but harms the nation's with different ideologies. He wanted to make the world safe for democracy.

Anarchy means absence of government and Bolshevilks declared themselves a independent party. All Americans did not support Bolsheviks and many Anarchists decided to leave America.