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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]
Jun 12, 2019 · The post-war period, often referred to as “The Golden Age of Capitalism,” saw a growing middle class, increased spending on infrastructure, pent-up demand for such items as automobiles and household appliances, and a housing and construction boom.
- Patricia O'connell
Jul 3, 2024 · These years are also referred to as the "Golden Age of Capitalism" in the West, although Eastern Europe and parts of Asia also saw significant growth in these years.
- The Postwar Booms
- Moving to The Suburbs
- The Civil Rights Movement
- The Cold War & The Korean War
- 1950s Pop Culture
- 1950s Music
- Shaping The 1960s
- Sources
Historians use the word “boom” to describe a lot of things about the 1950s: the booming economy, the booming suburbs and most of all the so-called “baby boom.” This boom began in 1946, when a record number of babies–3.4 million–were born in the United States. About 4 million babies were born each year during the 1950s. In all, by the time the boom ...
The baby boom and the suburban boom went hand in hand. Almost as soon as World War II ended, developers such as William Levitt (whose “Levittowns” in New York, New Jersey and Pennsylvania would become the most famous symbols of suburban life in the 1950s) began to buy land on the outskirts of cities and use mass production techniques to build modes...
A growing group of Americans spoke out against inequality and injustice during the 1950s. African Americans had been fighting against racial discrimination for centuries; during the 1950s, however, the struggle against racism and segregation entered the mainstream of American life. For example, in 1954, in the landmark Brown v. Board of Education c...
The tension between the United States and the Soviet Union, known as the Cold War, was another defining element of the 1950s. After World War II, Western leaders began to worry that the USSR had what one American diplomat called “expansive tendencies”; moreover, they believed that the spread of communism anywhere threatened democracy and capitalism...
In the 1950s, televisions became something the average family could afford, and by 1950 4.4 million U.S. families had one in their home. The Golden Age of Television was marked by family-friendly shows like I Love Lucy, The Honeymooners, The Twilight Zone and Leave It To Beaver. In movie theaters, actors like John Wayne, James Stuart, Charlton Hest...
Elvis Presley. Sam Cooke. Chuck Berry. Fats Domino. Buddy Holly. The 1950s saw the emergence of Rock ‘n’ Roll, and the new sound swept the nation. It helped inspire rockabilly music from Jerry Lee Lewis and Johnny Cash. People swayed to The Platters and The Drifters. Music marketing, changed, too: For the first time, music began to target youth. On...
The booming prosperity of the 1950s helped to create a widespread sense of stability, contentment and consensus in the United States. However, that consensus was a fragile one, and it splintered for good during the tumultuous 1960s.
The Elvic Oracle. The New Yorker. 1950s Rock ‘n’ Roll. Rolling Stone. The Day The Music Died. Biography. The Fifties: The Way We Really Were. Douglas T. Miller and Marion Novak.
Golden age of capitalism and its demise: 1945–1979: Government policy can implement an employment target by picking a point on the Phillips curve. Late-60s decline in profits, investment, and productivity growth. Stable Phillips curve trade-off disappears.
identified as the “Golden Age of Capitalism”, a period of economic prosperity extending from the end of the Second World War in 1945 to the early 1970s, when the Bretton Woods monetary system...
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The Golden Age of Capitalism spanned from the end of the Second World War in 1945 to the early 1970s, when the Bretton Woods monetary system collapsed. It was a period of economic...
