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Discuss the various factors that prevented America from remaining truly neutral during the First World War, and explain how British and German naval policies eventually drew the United States into the conflict.
Expansion Phase
A period in the business cycle when the economy moves from a trough to a peak, characterized by an increase in economic activity, production, and employment.
Prosperity
A state of economic well-being characterized by financial success, growth, and good fortune, where living conditions and quality of life are improved.
Unanticipated Inflation
Inflation that occurs when people do not expect it, often leading to disruptions in economic planning and contracts.
Debtor
An individual or organization that owes money to another entity.
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