US under President Donald Trump: A Protectionist Nation?

The political and economic history of the US could be traced from the 1920s which saw changes in the lifestyle of people across the globe, the US included. In the US, this was an era of a consumer boom when people started purchasing goods like cars, telephones, radios, etc., which they hoped would improve their lives. The main reason for such developments was the country itself which had a large and growing population, making it a big market for consumer goods. World War I (WWI), from 1914 to 1918, put America in a strong position in the world. There were 44 months of economic boom. The US loaned huge amounts of money to France and Britain who used this money to buy equipment, weapons, and ammunition from America. Further, since America joined the war very late, it escaped major damage during the war unlike other countries like Germany and Great Britain. ..