US Economic Boom 1945-1960 Quiz
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Questions and Answers

What factor was a significant contributor to the US economy's boom from 1945 to 1960?

  • Reduction in industrial production
  • Full employment from WWII efforts (correct)
  • High levels of international trade tariffs
  • Expansion of agriculture due to technological advancements

    • Which demographic change played a crucial role in increasing workforce participation during the boom?

  • More women joining the workforce (correct)
  • Increased number of teenagers entering the job market
  • Higher immigration rates from Europe
  • Decline in retiring workforce age

    • During the boom period, what was the average inflation rate in the US economy from 1951 to 1970?

  • 2.5% (correct)
  • 1.0%
  • 4.2%
  • 3.5%

    • What was the main reason for the increase in consumption expenditures following WWII?

    <p>Conversion of post-war savings into consumption</p> Signup and view all the answers

    What percentage of the world's manufacturing output did the US hold in the period after WWII?

    <p>More than 40%</p> Signup and view all the answers

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