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Post-War Economy Of The 1950's

575 Words3 Pages

Aidan O’Haire-Jack Hubbard
Cassidy
US History 1
16 March 2023

The post-war economy of the 1950s

The 1950s was a weird time for Americans. With the war ending and many new things being brought up the Postwar economy was Crazy. The post-war economy of the 1950s saw increased consumer spending, technological advances, and economic growth, but it was also characterized by rising inequality and limited economic opportunities.
The 1950s marked a period of significant economic growth following the devastation of World War II, but this period of prosperity was not without its drawbacks. The following up of the war gave the United States an increase in consumer spending, advancement in technology, and increased economic growth. This led to lots of opportunities opening up for American citizens. Things like the family …show more content…

“New car sales quadrupled between 1945 and 1955, and by the end of the 1950s, some 75% of American households owned at least one car. In 1965, the nation’s automobile industry reached its peak, producing 11.1 million new cars, trucks, and buses and accounting for one out of every six American jobs.” (Pruit 2020).
The economy in the 1950s went up by 37%. It went up so much because there were a lot of jobs and those jobs lead to more people being able to work. With more people being able to work, the poverty rate is decreasing. It also helped because “Inflation was minimal, in part because of Eisenhower's efforts to balance the federal budget.”( A&E Television Networks2023) So people had jobs and things did not go up they went down. So this helped poverty out a lot. The decrease in poverty helped out the economy significantly because the government spends a ton of money each year to help out poverty. So at

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