Us Welfare Policy Analysis

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During this period, the welfare state emerged; efforts were taken to liberalize international trade.
The US held a dominant state in the economy when the power of Europe vanished away.US as the head of the free world helped poor countries become independent and to confront against the Soviet Union.
G.I Bill- Servicemen's Readjustment act of 1944 signed by president Roosevelt for funding benefits for returning veterans in health, education, housing and employment. This was initiated in order to compensate for the negative experience faced during the war and also to rebuild the image of the government to fit into a democratic society.
The employment Act of 1946-After the great depression, a large number of veterans were sent back to the civilian …show more content…
With these movements, the employment act of 1946 was compiled. This act had its focus on using all practical means in promoting maximum employment, production and purchasing power.
The Bretton Woods agreement-
It’s the part at which a system for monetary and management of exchange rates was established by the United Nations.
This was a marked situation of the world financial history as setting a valve for gold, foreign exchange rates and the international monetary fund are considered to be key financial components.
The birth of the welfare state-This state is being practiced by almost all modern governments in providing education, health, compensation for unemployment, etc.
The international monetary fund(IMF) (1944)
The membership was offered to the countries that were present for the Bretton woods agreement and each countries par value was determined in terms of gold or us dollar and it was used to set the exchange rate between currencies.
General agreement on tariffs and trade …show more content…
GATT was formulated in order to avoid the same mistake from reoccurring again.
Marshall plan (1947)
This is a recovery program designed for the devastated Europe after the world war took its toll.
It ended in the year 1952 with the us spending about 13 million dollars. This played an important role in reviving the European economy. It also helped European economy to have a jump start after all that happened.
The bank for reconstruction and development (1942)
The purpose of setting up a bank was meant to be for financing the reconstruction activities during the post war period.
The capital of the bank was gathered from member subscriptions and it provided loans from its own capital or by borrowing from international financial market.
The point four
The main idea of this was that many countries have fallen to pits of poverty after the war and that at such an instance, communists cold again start a revolution.
To prevent this happening, the us helped poor countries with the resources they possessed by signing the point four
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