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This growth was distributed fairly evenly across the economic classes, which some attribute to the strength of labor unions in this period—labor union membership peaked during the 1950s. Much of the growth came from the movement of low-income farm workers into better-paying jobs in the towns and cities—a process largely completed by 1960. [34]
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 .
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 .
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.
From the late 1950s, West Germany had one of the world's strongest economies. The East German economy also showed strong growth, but not as much as in West Germany, due to the bureaucratic system, emigration of working-age East Germans to West Germany, and materiel sent as reparations to the USSR. Unemployment hit a record low of 0.7–0.8% in ...
In its heyday during the 1950s and '60s, it was a haven for wealthy summer vacationers, attracting the best comedians — including Mel Brooks, Danny Kaye, and Jackie Mason — to its stages and ...
Greek growth rates were highest during the 1950s, often exceeding 10%, close to those of a modern tiger economy. [18] [19] Industrial production also grew annually by 10% for several years, mostly in the 1960s. Growth however greatly widened the economic gap between rich and poor, intensifying political divisions. [15] [failed verification].
The 1950s was a pivotal era in music, laying the groundwork for the rock and roll songs of the 1960s and the rebellious tunes of the 1970s. The decade's musical landscape was diverse, spanning ...