US Economic Boom 1945-1960

<p>Increased number of women entering the workforce (C)</p> Signup and view all the answers

<p>Increased consumer spending due to rising incomes (D)</p> Signup and view all the answers

<p>It initiated an expansionary fiscal policy that laid the groundwork for future investments. (A)</p> Signup and view all the answers

<p>By increasing military production and related infrastructure, stimulating job creation. (C)</p> Signup and view all the answers

<p>It provided financial aid for housing and education, aiding middle-class expansion. (A)</p> Signup and view all the answers

<p>A decrease in global competition due to war-torn economies elsewhere. (C)</p> Signup and view all the answers

<p>They paved the way for the creation of the Great Society and reduced poverty rates. (B)</p> Signup and view all the answers

The period between 1945 and 1960 in the US, marked by significant economic growth, low unemployment, and rising incomes.

Low unemployment rates characterized the US economy during the post-war boom. This meant a large number of people had jobs.

The US became the world's leading economic power during this time, surpassing other countries in production and income.

With increasing incomes, families spent more on goods and services, leading to growth in sectors like housing, retail, and education.

World War II played a major role in kickstarting the US economy, creating jobs and stimulating production.

The US economy doubled in size during World War II, due to increased government spending and industrial production.

Companies thrived during this period, benefiting from government contracts, mergers, and technological advancements.

Public investment significantly increased between 1940 and 1980, driven by expansionary fiscal policies, which encouraged economic growth.

Increased government spending on the Cold War, infrastructure, and conflicts like the Vietnam and Korean Wars fueled economic expansion.

Keynesian economics promoted government intervention to boost economic activity, leading to programs like the GI Bill and social welfare initiatives, which helped reduce poverty and stimulate the economy.