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The post –Cold War era is a period of history that follows the end of the Cold War, which represents history after the dissolution of the Soviet Union in December 1991. This period saw many former Soviet republics become sovereign nations, as well as the introduction of market economies in eastern Europe. This period also marked the United ...
The American economy grew dramatically in the post-war period, expanding at a rate of 3.5% per year between 1945 and 1970. During this period of prosperity, many incomes doubled in a generation, described by economist Frank Levy as "upward mobility on a rocket ship."
The recession officially ended in the second quarter of 2009, [3] but the nation's economy continued to be described as in an "economic malaise" during the second quarter of 2011. [80] Some economists described the post-recession years as the weakest recovery since the Great Depression and World War II .
Post-World War II Era: 1945–1964 ... Post-Cold War Era: 1991–2016: 2016–present ... Economic history of the United States.
The history of the United States from 1964 to 1980 includes the climax and end of the Civil Rights Movement; the escalation and ending of the Vietnam War; the drama of a generational revolt with its sexual freedoms and use of drugs; and the continuation of the Cold War, with its Space Race to put a man on the Moon.
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BREAKING: In 2020, US growth declined -3.5% — the worst since 1946. **The US is still far below where it was pre-crisis** Q4 2020 GDP: $18.8 trillion
The global economy could be sleepwalking into a second Cold War, a leading international body has warned, as tensions between the U.S. and China risk wiping trillions from worldwide GDP.