Podcast
Questions and Answers
What factor was a significant contributor to the US economy's boom from 1945 to 1960?
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?
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?
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?
What was the main reason for the increase in consumption expenditures following WWII?
What percentage of the world's manufacturing output did the US hold in the period after WWII?
What percentage of the world's manufacturing output did the US hold in the period after WWII?
Flashcards
Post-WWII Economic Boom (1945-1960)
Post-WWII Economic Boom (1945-1960)
The period following World War II, spanning from 1945 to 1960, characterized by strong economic growth, low unemployment rates, and a significant rise in consumer spending.
US Economic Dominance (1945-1960)
US Economic Dominance (1945-1960)
The US held a dominant position in the global economy during this period, controlling over 40% of the world's manufacturing output and possessing a large portion of global income.
Rising Standard of Living (1960s)
Rising Standard of Living (1960s)
During the 1960s, the US economy continued to expand with increased investments in housing, consumer goods, and education contributing to a rising standard of living.
WWII's Impact on Unemployment
WWII's Impact on Unemployment
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Women's Workforce Participation
Women's Workforce Participation
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