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In early 1950s, the Soviet Union, having reconstructed the ruins left by the war, experienced a decade of prosperous, undisturbed, and rapid economic growth, with significant and remarkable technological achievements most notably the first earth satellite. The nation made it to the top 15 countries with highest GDP per capita in the mid-1950s.
Early 1950s women wore small hats over hair cut short, à la Audrey Hepburn. As the 1950s progressed, so too did fashion, until, by the end of the 1950s, the Jackie Kennedy look was in style. A-lines and loose-fitting dresses became more and more popular, and jackets took on a boxy look. [ 76 ]
Job growth remained weak at first, hampered by mass layoffs in defense-related industries following the end of the Cold War. [6] Construction hiring was also weak, and real estate values subdued, following a period of overbuilding in the 1980s. [7] Economic growth solidified by 1993, and home prices rebounded starting in 1995.
As the Tax Foundation writes, in 2014, the top 1% of taxpayers paid an average of 36.4% of their income in taxes — or about 5.6 percentage points less than in the 1950s.
The 1950s (pronounced nineteen-fifties; commonly abbreviated as the "Fifties" or the "' 50s") (among other variants) was a decade that began on January 1, 1950, and ended on December 31, 1959. Throughout the decade, the world continued its recovery from World War II , aided by the post-World War II economic expansion .
GOBankingRates asked financial experts how to reclaim the middle-class dreams of the 1950s. Realizing the Dream Money management through budgeting, saving, investment and planning are essential to ...
Hudson cars were very popular in NASCAR in the early 1950s, in particular the Hudson Hornet, now known as well for its prominence in the 2006 Pixar animated movie, Cars. Its early popularity was due to its sleek design, low center of gravity and excellent handling, but it failed to keep up with rest of the industry by mid-decade.
The 1950s (pronounced nineteen-fifties; commonly abbreviated as the "Fifties" or the "' 50s") (among other variants) was a decade that began on January 1, 1950, and ended on December 31, 1959. Throughout the decade, the world continued its recovery from World War II , aided by the post-World War II economic expansion .