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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] The United States, the Soviet Union and Western European and East Asian ...
History of the Cold War. The Cold War (1953–1962) refers to the period in the Cold War between the end of the Korean War in 1953 and the Cuban Missile Crisis in 1962. It was marked by tensions and efforts at détente between the US and Soviet Union. After the death of Joseph Stalin in March 1953, Nikita Khrushchev rose to power, initiating ...
The "relative income" theory explains the baby boom by suggesting that the late 1940s and the 1950s brought low desires to have material objects, because of the Great Depression and World War II, as well as plentiful job opportunities (being a post-war period). These two factors gave rise to a high relative income, which encouraged high fertility.
After World War II, many countries adopted policies of economic liberalization in order to stimulate their economies.. The period directly after the war did not see many, the most notable exception being" West Germany's reforms of 1948, which set the stage for the Wirtschaftswunder in the 1950s and helped inform many of the liberalisations that were to come.
The history of the United States from 1945 to 1964 was a time of high economic growth and general prosperity. It was also a time of confrontation as the capitalist United States and its allies politically opposed the Soviet Union and other communist states; the Cold War had begun. African Americans united and organized, and a triumph of the ...
This starts the Space Race between the Soviet Union and the United States. 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 ...
The economic history of China describes the changes and developments in China's economy from the founding of the People's Republic of China (PRC) in 1949 to the present day. The speed of China's transformation in this period from one of the poorest countries to one of the world's largest economies is unmatched in history. [1]: 11.
Roaring Twenties. The Roaring Twenties, sometimes stylized as Roaring '20s, refers to the 1920s decade in music and fashion, as it happened in Western society and Western culture. It was a period of economic prosperity with a distinctive cultural edge in the United States and Europe, particularly in major cities such as Berlin, [1] Buenos Aires ...