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American money and manufactured goods flooded into Europe, South Korea, and Japan and helped in their reconstruction. US manufacturing dominance would be almost unchallenged for a quarter-century after 1945. The American economy grew dramatically in the post-war period, expanding at a rate of 3.5% per year between 1945 and 1970.
The aftermath of World War II saw the rise of two global superpowers, the United States (U.S.) and the Soviet Union (USSR). The aftermath of World War II was also defined by the rising threat of nuclear warfare, the creation and implementation of the United Nations as an intergovernmental organization, and the decolonization of Asia, Oceania, South America and Africa by European and East Asian ...
Belgium experienced a brief but very rapid economic recovery in the aftermath of World War II. The comparatively light damage sustained by Belgium's heavy industry during the German occupation and the Europe-wide need for the country's traditional exports (steel and coal, textiles, and railway infrastructure) meant that Belgium became the first ...
Following the end of World War II and the large adjustment as the economy adjusted from wartime to peacetime in 1945, the collection of many economic indicators, such as unemployment and gross domestic product (GDP) became standardized. Expansions after World War II may be compared to each other much more easily than previous expansions because ...
Since the 19th century, the United States government has participated and interfered, both overtly and covertly, in the replacement of many foreign governments. In the latter half of the 19th century, the U.S. government initiated actions for regime change mainly in Latin America and the southwest Pacific, including the Spanish–American and Philippine–American wars.
The United States of America was formed after thirteen British colonies in North America declared independence from the British Empire on July 4, 1776. In the Lee Resolution , passed by the Second Continental Congress two days prior, the colonies resolved that they were free and independent states.
The average rate rose to 35% in 1816. The public agreed, and by 1820, the average rate in the U.S. had risen to 40%. Between 1816 and the end of World War II, the U.S. had one of the highest average import tariffs on manufactured goods in the world.
There has been controversy about the significance of World War II's higher-paying increase of women in the workplace. William Chafe in 1972 [10] called the war a "watershed event" forcing a change in attitudes about women in the workforce. However, women were also employed during World War I, and no such change in attitude occurred after that.