20th Century U.S. the Development Term Paper

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Even the success in the Spanish American war of 1898, which turned the U.S.A. into a "young empire" as it received such possessions as Puerto Rico, Guam, Philippines and unlimited control over "independent" Cuba didn't make the U.S.A. A world power, as the world politics until 1918 took place mainly in the Old World.

High economical potential, which the U.S.A. acquired, by the beginning of the World War allowed it to turn into one of the most influential economies at the first half of the twentieth century. In a quite a short period of time from the debtor of European super powers it turned into their main creditor and became one of the most influential participants in the Paris Peace Conference of 1919, which defined the future of the after war world.

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The U.S.A. proved the Old world that it was not only a reliable and responsible ally, but also a financial supporter and a wise diplomat in the most delicate issues of world politics.

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