The economic boom following World War II was the result of pent-up demand. During the war, most production was directed to the war, weapons and ammunition, uniforms for soldiers, vehicles to move troops. For example, no vehicles for private consumption were produced during the entire war. This meant that after the war was over, production of consumer products could resume, and people were more than ready to buy cars, appliances, and clothing. At the same time, soldiers returning from war were getting married, settling down, and having children. This meant there was a need for new housing. There was a dreadful housing shortage during the war, and I know that my own parents were thrilled to find a studio apartment to start their marriage. Various programs for benefits helped returning soldiers to purchase their homes, and educational benefits allowed them to go to college. This generation, having fought a war and done without for so long, was ready to consume!
http://www.loc.gov/teachers/classroommaterials/presentationsandactivities/presentations/timeline/postwar/
Saturday, May 14, 2016
What was the primary reason for the economic boom that occurred in the United States after World War II?
Subscribe to:
Post Comments (Atom)
Why is the fact that the Americans are helping the Russians important?
In the late author Tom Clancy’s first novel, The Hunt for Red October, the assistance rendered to the Russians by the United States is impor...
-
There are a plethora of rules that Jonas and the other citizens must follow. Again, page numbers will vary given the edition of the book tha...
-
The poem contrasts the nighttime, imaginative world of a child with his daytime, prosaic world. In the first stanza, the child, on going to ...
-
The given two points of the exponential function are (2,24) and (3,144). To determine the exponential function y=ab^x plug-in the given x an...
-
The play Duchess of Malfi is named after the character and real life historical tragic figure of Duchess of Malfi who was the regent of the ...
-
The only example of simile in "The Lottery"—and a particularly weak one at that—is when Mrs. Hutchinson taps Mrs. Delacroix on the...
-
Hello! This expression is already a sum of two numbers, sin(32) and sin(54). Probably you want or express it as a product, or as an expressi...
-
Macbeth is reflecting on the Weird Sisters' prophecy and its astonishing accuracy. The witches were totally correct in predicting that M...
No comments:
Post a Comment