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THE MAKING OF A NATION - By 1920, America Had Become World's Top Economic PowerBy David Jarmul

Broadcast: Wed1, 12 Jul 2006 16:00:00 UTC

VOICE ONE:

THE MAKING OF A NATION -- a program in Special English on the Voice of America.

(MUSIC)

The nineteen twenties are remembered today as a quiet period in American foreign policy. The nation was at peace. The Republican presidents in the White House generally were more interested in economic growth at home than in relations with foreign countries.


President Calvin Coolidge

But the world had changed. The United States had become a world power. It was tied to other countries by trade, politics, and joint2 interests. And America had gained new economic strength.

VOICE TWO:

Before World War One, foreigners invested more money in the United States than Americans invested in other countries -- about three thousand million dollars more. The war changed this. By nineteen nineteen, Americans had almost three thousand million dollars more invested in other countries than foreign citizens had invested in the United States.

American foreign investments continued to increase greatly during the nineteen twenties.

Increased foreign investment was not the only sign of growing American economic power. By the end of World War One, the United States produced more goods and services than any other nation, both in total and per person.

Americans had more steel, food, cloth, and coal than even the richest foreign nations. By nineteen twenty, the United States national income was greater than the combined incomes of Britain, France, Germany, Japan, Canada, and seventeen smaller countries. Quite simply, the United States had become the world's greatest economic power.

VOICE ONE:

America's economic strength influenced its policies toward Europe during the nineteen twenties. In fact, one of the most important issues of this period was the economic aid the United States had provided European nations during World War One.

Americans lent the Allied3 countries seven thousand million dollars during the war. Shortly after the war, they lent another three thousand million dollars. The Allies borrowed most of the money for military equipment and food and other needs of their people.

The Allied nations suffered far greater losses of property and population than the United States during the war. And when peace came, they called on the United States to cancel the loans America had made. France, Britain, and the other Allied nations said the United States should not expect them to re-pay the loans.

VOICE TWO:

The United States refused to cancel the debts. President Coolidge spoke4 for most Americans when he said, simply: They borrowed the money. He believed the European powers should pay back the war loans, even though their economies had suffered terribly during the fighting.

However, the European nations had little money to pay their loans. France tried to get the money by demanding payments from Germany for having started the war. When Germany was unable to pay, France and Belgium occupied Germany's Ruhr Valley. As a result, German miners in the area reduced coal production. And France and Germany moved toward an economic crisis and possible new armed conflict.

VOICE ONE:

An international group intervened and negotiated a settlement to the crisis. The group provided a system to save Germany's currency and protect international debts. American bankers agreed to lend money to Germany to pay its war debts to the Allies. And the Allies used the money to pay their debts to the United States.

VOICE TWO:

Some Americans with international interests criticized President Coolidge and other conservative leaders for not reducing or canceling Europe's debts.

They said the debts and the new payment plan put foolish pressure on the weak European economies. They said this made the German currency especially weak. And they warned that a weak economy would lead to serious social problems in Germany and other countries.

However, most Americans did not understand the serious effect that international economic policies could have on the future of world peace. They believed that it was wrong for the Europeans -- or anyone -- to borrow money and then refuse to pay it back.

VOICE ONE:

Many Americans of the nineteen twenties also failed to recognize that a strong national military force would become increasingly important in the coming years. President Coolidge requested very limited military spending from the Congress. And many conservative military leaders refused to spend much money on such new kinds of equipment as submarines and airplanes.

Some Americans did understand that the United States was now a world power and needed a strong and modern fighting force.

One general, Billy Mitchell, publicly criticized the military leadership for not building new weapons. But most Americans were not interested. Many Americans continued to oppose arms spending until the Japanese attack on Pearl Harbor in Hawaii in nineteen forty-one.

VOICE TWO:

American policy toward the League of Nations did not change much in the nineteen twenties.

In nineteen nineteen, the Senate denied President Wilson's plea for the United States to join the new League of Nations. The United States, however, became involved unofficially in a number of league activities. But it continued to refuse to become a full member. And in nineteen thirty, the Senate rejected a proposal for the United States to join the World Court.

The United States also continued in the nineteen twenties to refuse to recognize the communist government in Moscow. However, trade between the Soviet5 Union and the United States increased greatly during this period. And such large American companies as General Electric, DuPont, and R-C-A provided technical assistance to the new Soviet government.

VOICE ONE:

The Coolidge administration was involved actively6 in events in Latin America. Secretary of State Charles Evans Hughes helped several Latin American countries to settle border disputes peacefully.


Charles Evans Hughes

In Central America, President Coolidge ordered American Marines into Nicaragua when President Adolfo Diaz faced a revolt from opposition7 groups. The United States gave its support to more conservative groups in Nicaragua. And it helped arrange a national election in nineteen twenty-eight. American troops stayed in Nicaragua until nineteen thirty-three.

However, American troops withdrew from the Dominican Republic during this period. And Secretary of State Hughes worked to give new life to the Pan American Union.

VOICE TWO:

Relations with Mexico became worse during the nineteen twenties. In nineteen twenty-five, Mexican President Plutarco Elias Calles called for laws to give Mexico more control over its minerals and natural wealth. American oil companies resisted the proposed changes. They accused Calles of communism. And some American business and church leaders called for armed American intervention8.

However, the American Senate voted to try to settle the conflict peacefully. And American diplomat9 Dwight Morrow helped negotiate a successful new agreement.

VOICE ONE:

These American actions in Nicaragua and Mexico showed that the United States still felt that it had special security interests south of its border. But its peaceful settlement of the Mexican crisis and support of elections in Nicaragua showed that it was willing to deal with disputes peacefully.

America's policies in Latin America during the nineteen twenties were in some ways similar to its policies elsewhere. It was a time of change, of movement, from one period to another. Many Americans were hoping to follow the traditional foreign policies of the past. They sought to remain separate from world conflict.

VOICE TWO:

The United States, however, could no longer remain apart from world events. This would become clear in the coming years. Europe would face facism and war. The Soviet Union would grow more powerful. And Latin America would become more independent. The United States was a world power. But it was still learning in the nineteen twenties about the leadership and responsibility that is part of such power.

(MUSIC)

VOICE ONE:

You have been listening to THE MAKING OF A NATION -- a program in Special English. Your narrators have been Harry10 Monroe and Kay Gallant11. Our program was written by David Jarmul.


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点击收听单词发音收听单词发音  

1 wed MgFwc     
v.娶,嫁,与…结婚
参考例句:
  • The couple eventually wed after three year engagement.这对夫妇在订婚三年后终于结婚了。
  • The prince was very determined to wed one of the king's daughters.王子下定决心要娶国王的其中一位女儿。
2 joint m3lx4     
adj.联合的,共同的;n.关节,接合处;v.连接,贴合
参考例句:
  • I had a bad fall,which put my shoulder out of joint.我重重地摔了一跤,肩膀脫臼了。
  • We wrote a letter in joint names.我们联名写了封信。
3 allied iLtys     
adj.协约国的;同盟国的
参考例句:
  • Britain was allied with the United States many times in history.历史上英国曾多次与美国结盟。
  • Allied forces sustained heavy losses in the first few weeks of the campaign.同盟国在最初几周内遭受了巨大的损失。
4 spoke XryyC     
n.(车轮的)辐条;轮辐;破坏某人的计划;阻挠某人的行动 v.讲,谈(speak的过去式);说;演说;从某种观点来说
参考例句:
  • They sourced the spoke nuts from our company.他们的轮辐螺帽是从我们公司获得的。
  • The spokes of a wheel are the bars that connect the outer ring to the centre.辐条是轮子上连接外圈与中心的条棒。
5 Soviet Sw9wR     
adj.苏联的,苏维埃的;n.苏维埃
参考例句:
  • Zhukov was a marshal of the former Soviet Union.朱可夫是前苏联的一位元帅。
  • Germany began to attack the Soviet Union in 1941.德国在1941年开始进攻苏联。
6 actively lzezni     
adv.积极地,勤奋地
参考例句:
  • During this period all the students were actively participating.在这节课中所有的学生都积极参加。
  • We are actively intervening to settle a quarrel.我们正在积极调解争执。
7 opposition eIUxU     
n.反对,敌对
参考例句:
  • The party leader is facing opposition in his own backyard.该党领袖在自己的党內遇到了反对。
  • The police tried to break down the prisoner's opposition.警察设法制住了那个囚犯的反抗。
8 intervention e5sxZ     
n.介入,干涉,干预
参考例句:
  • The government's intervention in this dispute will not help.政府对这场争论的干预不会起作用。
  • Many people felt he would be hostile to the idea of foreign intervention.许多人觉得他会反对外来干预。
9 diplomat Pu0xk     
n.外交官,外交家;能交际的人,圆滑的人
参考例句:
  • The diplomat threw in a joke, and the tension was instantly relieved.那位外交官插进一个笑话,紧张的气氛顿时缓和下来。
  • He served as a diplomat in Russia before the war.战前他在俄罗斯当外交官。
10 harry heBxS     
vt.掠夺,蹂躏,使苦恼
参考例句:
  • Today,people feel more hurried and harried.今天,人们感到更加忙碌和苦恼。
  • Obama harried business by Healthcare Reform plan.奥巴马用医改掠夺了商界。
11 gallant 66Myb     
adj.英勇的,豪侠的;(向女人)献殷勤的
参考例句:
  • Huang Jiguang's gallant deed is known by all men. 黄继光的英勇事迹尽人皆知。
  • These gallant soldiers will protect our country.这些勇敢的士兵会保卫我们的国家的。

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