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The post–World War II economic expansion, also known as the postwar economic boom or the Golden Age of Capitalism, [1] [2] was a broad period of worldwide economic expansion beginning with the aftermath of World War II and ending with the 1973–1975 recession. [1]
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 ...
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 GDP, became standardized. Recessions after World War II may be compared to each other much more easily than previous recessions because of these available data.
Source: Bureau of Economic Analysis The 1973–1975 recession or 1970s recession was a period of economic stagnation in much of the Western world (i.e. the United States, Canada, Western Europe, Australia, and New Zealand) during the 1970s, putting an end to the overall post–World War II economic expansion.
Women at work in the United States in World War II. The war caused the military mobilization of 16 million American men, leaving a huge hole in the urban work force. (Men in farming were exempt from the draft.) In 1945, 37% of women were employed, encouraged by factors such as patriotism [124] and the chance for high wages. [125]
By Gregg Easterbrook The cost of ongoing U.S. wars in Afghanistan, Iraq and Libya is up to at least $1.2 trillion. What would the economic recovery look like if that money hadn't been spent? The ...
The Liberal coalition took control of Congress after Kennedy's assassination in 1963, and launched the Great Society. [3] This period of Post–World War II economic expansion witnessed the rapid growth of suburbs and a growing middle class.
The US strike wave of 1945–1946 or great strike wave of 1946 [1] were a series of massive post-war labor strikes after World War II from 1945 to 1946 in the United States spanning numerous industries including the motion picture (Hollywood Black Friday) and public utilities.