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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]
At first, the new Nazi government continued the economic policies introduced by the government of Kurt von Schleicher in 1932 to combat the effects of the Depression. [21] Hitler appointed Hjalmar Schacht , a former member of the German Democratic Party , as President of the Reichsbank in 1933 and Minister of Economics in 1934. [ 20 ]
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 ...
This required the country's leadership to take urgent measures to strengthen the nation's economy, with a primary focus on the defense industries. The Soviet Union's war effort in World War II began when the Soviet Union was invaded on the 22 of June 1941. The Soviet Union was at a disadvantage from the very beginning.
The whaler on HMS Sheffield being manned with an armed boarding party to check a neutral vessel stopped at sea, 20 Oct 1941. The Blockade of Germany (1939–1945), also known as the Economic War, involved operations carried out during World War II by the British Empire and by France in order to restrict the supplies of minerals, fuel, metals, food and textiles needed by Nazi Germany – and ...
A temporary war economy can also be seen as a means to avoid the need for more permanent militarization. During World War II, U.S. President Franklin D. Roosevelt stated that if the Axis powers won, then "we would have to convert ourselves permanently into a militaristic power on the basis of war economy." [3]
Miller, Sally M., and Daniel A. Cornford eds. American Labor in the Era of World War II (1995), essays by historians, mostly on California; Lichtenstein, Nelson. Labor's War at Home: The CIO in World War II (2003) Wynn, Neil A. The Afro-American and the Second World War (1977) Vatter, Howard. The U.S. Economy in World War II Columbia University ...
The economy of Fascist Italy refers to the economy in the Kingdom of Italy under Fascism between 1922 and 1943. Italy had emerged from World War I in a poor and weakened condition and, after the war, suffered inflation , massive debts and an extended depression.