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Golden Age Research Paper

615 Words3 Pages

After World War II, the United States of America had the most thriving economy in the world. The USA’s economy was nicknamed as the ‘Golden Age’ because of how well it was. This growth period lasted from 1945 to 1965. President Dwight D. Eisenhower is mostly responsible for this growth. Eisenhower was the 34th president. He was in office from 1953 to 1961. In those nine years of the Golden Age, Eisenhower led the country into a successful economy. He found the right combination of low taxes, balanced budgets, and public spending that allowed the economy to thrive. There are many causes why this economic growth happened. The main causes are the American consumers. Consumers are people who purchase goods and services for personal use. In …show more content…

This period lasted through 1946 to1964. Since Americans, personal savings increased the middle-class dream of a good job & a good home became a reality. A lot of people moved to the suburbs. In the suburbs, there is little to no public transportation so people had to go buy cars. In 1950, Americans bought over 6 million cars. There were abundant oil and cheap gasoline which made it easier for the Americans. In the ‘Golden Age’, the electronics industry boomed. It was the first generation of computers. These computers didn’t look the same as the ones now. They were huge and almost filled up an entire room. There was also the invention of color television. This invention causes the cost of black and white television’s to decrease. Making it affordable for the American consumers. Soon enough watching television became a nationwide culture. The Marshall plan and other international aid helped cover the cost for heavy export trade. So the USA didn’t have to pay the fines, which also helped the economy. A lot of Americans were frightened that if the US got in involved with the Korean War this ‘Golden Age’ will be over. Instead, the Korean War helped overturn a brief recession and ensured prosperity as the government spent massive amounts of guns, planes and ships. They also started to use electricity devices in planes and ships. That also helped the economic

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