IB History Topic Impact of WWI on US & Argentina Revision Notes (HL)

IB History Topic Impact of WWI on US & Argentina Revision Notes (HL) | RevisionDojo

Background

The First World War (1914–1918) reshaped global and hemispheric power dynamics. While the United States emerged as a global industrial and financial leader, Argentina, one of Latin America’s wealthiest nations, experienced both economic disruption and political shifts.

Economic Impact

United States

The war accelerated the U.S. shift from debtor to creditor nation, as Europe borrowed heavily to finance the conflict.
Industrial output and agricultural exports soared; U.S. GNP grew by over 20% (1914–1918).
The government coordinated production through agencies such as the War Industries Board and financed the war via Liberty Bonds.
By 1918, New York had replaced London as the world’s financial hub, marking a lasting shift in global economic leadership.

Definition

War Industries Board (1917)

A U.S. government agency that coordinated industrial production and standardization during the war to maximize efficiency and output.

Argentina

Before 1914, Argentina was one of the world’s top exporters of beef, wheat, and wool, heavily dependent on British trade and shipping.
The British naval blockade and wartime shipping shortages devastated exports, cutting off access to European markets.
Wartime inflation rose sharply as imports of manufactured goods fell, leading to shortages and labor unrest.
Argentina began a gradual shift toward industrial self-sufficiency, as domestic industries filled the gap left by disrupted imports.

Definition

Economic Nationalism

A policy emphasizing domestic production and reduced dependence on foreign trade, especially during global disruptions.

Political Impact

United States

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Definition

Paywall

(on a website) an arrangement whereby access is restricted to users who have paid to subscribe to the site.

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Lorem ipsum dolor sit amet, consectetur adipiscing elit. Sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

Duis aute irure dolor in reprehenderit

Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Note

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam quis nostrud exercitation.

Excepteur sint occaecat cupidatat non proident

Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione voluptatem sequi nesciunt. Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit.

Tip

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

Lorem ipsum dolor sit amet, consectetur adipiscing elit.
Sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.
Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris.
Duis aute irure dolor in reprehenderit in voluptate velit esse cillum.

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Background

The First World War (1914–1918) reshaped global and hemispheric power dynamics. While the United States emerged as a global industrial and financial leader, Argentina, one of Latin America’s wealthiest nations, experienced both economic disruption and political shifts.

Economic Impact

United States

The war accelerated the U.S. shift from debtor to creditor nation, as Europe borrowed heavily to finance the conflict.
Industrial output and agricultural exports soared; U.S. GNP grew by over 20% (1914–1918).
The government coordinated production through agencies such as the War Industries Board and financed the war via Liberty Bonds.
By 1918, New York had replaced London as the world’s financial hub, marking a lasting shift in global economic leadership.

Definition

War Industries Board (1917)

A U.S. government agency that coordinated industrial production and standardization during the war to maximize efficiency and output.

Argentina

Before 1914, Argentina was one of the world’s top exporters of beef, wheat, and wool, heavily dependent on British trade and shipping.
The British naval blockade and wartime shipping shortages devastated exports, cutting off access to European markets.
Wartime inflation rose sharply as imports of manufactured goods fell, leading to shortages and labor unrest.
Argentina began a gradual shift toward industrial self-sufficiency, as domestic industries filled the gap left by disrupted imports.

Definition

Economic Nationalism

A policy emphasizing domestic production and reduced dependence on foreign trade, especially during global disruptions.

Political Impact

United States

Definition

Paywall

(on a website) an arrangement whereby access is restricted to users who have paid to subscribe to the site.

anim nostrud sit dolore minim proident quis fugiat velit et eiusmod nulla quis nulla mollit dolor sunt culpa aliqua

Duis aute irure dolor in reprehenderit

Note

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam quis nostrud exercitation.

Excepteur sint occaecat cupidatat non proident

Tip

Lorem ipsum dolor sit amet, consectetur adipiscing elit.
Sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.
Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris.
Duis aute irure dolor in reprehenderit in voluptate velit esse cillum.

Paper 1 - The Move to Global War6 subtopics

Paper 1 - Rights and Protest6 subtopics

Paper 1 - Conflict and Intervention6 subtopics

Paper 2 - Independence Movements5 subtopics

Paper 2 - Emergence and Development of Democratic States5 subtopics

Paper 2 - Authoritarian States7 subtopics

Paper 2 - Causes and Effects of 20th Century Wars4 subtopics

Paper 2 - The Cold War: Superpower Tensions and Rivalries4 subtopics

Paper 3 - History of Europe18 subtopics

Paper 3 - History of the Americas18 subtopics

Paper 3 - History of Asia and Oceania18 subtopics

IB History Impact of WWI on US & Argentina Notes

Paper 1 - The Move to Global War6 subtopics

Paper 1 - Rights and Protest6 subtopics

Paper 1 - Conflict and Intervention6 subtopics

Paper 2 - Independence Movements5 subtopics

Paper 2 - Emergence and Development of Democratic States5 subtopics

Paper 2 - Authoritarian States7 subtopics

Paper 2 - Causes and Effects of 20th Century Wars4 subtopics

Paper 2 - The Cold War: Superpower Tensions and Rivalries4 subtopics

Paper 3 - History of Europe18 subtopics

Paper 3 - History of the Americas18 subtopics

Paper 3 - History of Asia and Oceania18 subtopics

Background

Economic Impact

United States

Argentina

Political Impact

United States

anim nostrud sit dolore minim proident quis fugiat velit et eiusmod nulla quis nulla mollit dolor sunt culpa aliqua

Duis aute irure dolor in reprehenderit

Excepteur sint occaecat cupidatat non proident

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Background

Economic Impact

United States

Argentina

Political Impact

United States

anim nostrud sit dolore minim proident quis fugiat velit et eiusmod nulla quis nulla mollit dolor sunt culpa aliqua

Duis aute irure dolor in reprehenderit

Excepteur sint occaecat cupidatat non proident

Unlock the rest of this chapter with a free account