Question

question 11 points 4
discuss how franklin d. roosevelts new deal impacted the united states role in the global economy.

Explanation:

1. Shift from Isolationism to Economic Leadership: The New Deal's domestic recovery programs (like the NRA, WPA) stabilized the U.S. economy after the Great Depression, allowing it to move from a struggling, inward-focused nation to a more active global economic player. It laid the groundwork for the U.S. to lead post-WWII economic institutions.
2. Break from the Gold Standard: In 1933, FDR took the U.S. off the gold standard, devaluing the dollar. This made U.S. exports cheaper, boosting American manufacturing globally and weakening the previous gold-based global financial system centered on European powers.
3. Bretton Woods Framework Foundations: New Deal economic policies emphasized government intervention in markets. This mindset informed U.S. leadership in creating the 1944 Bretton Woods system (establishing the IMF and World Bank), which set global monetary rules and positioned the U.S. dollar as the world's reserve currency.
4. Expanded Trade Influence: New Deal recovery efforts increased U.S. industrial capacity. Combined with post-Depression trade policies (like reciprocal trade agreements), the U.S. expanded its global trade share, replacing European nations as the dominant trade partner for many countries.

Answer:

Franklin D. Roosevelt's New Deal reshaped the U.S. role in the global economy in four key ways:

1. It stabilized the domestic economy, enabling the U.S. to move from a Depression-era isolationist position toward emerging as a global economic leader.
2. The 1933 abandonment of the gold standard devalued the dollar, making U.S. exports more competitive internationally and undermining the old gold-centered global financial order.
3. The New Deal's embrace of government economic intervention laid the ideological groundwork for U.S. leadership in creating the post-WWII Bretton Woods system (IMF, World Bank), which established the U.S. dollar as the global reserve currency and set new international monetary rules.
4. Expanded domestic industrial capacity paired with reciprocal trade policies increased the U.S.'s global trade share, shifting global economic influence away from war-weakened European powers to the United States.