The Post-War Economy: The United States After The Great Depression

After World War Two the United States underwent an extraordinary economic growth in which the end of the war along with the great depression, established one of the most important economic events during the twentieth century. According to the article The Post War Economy: 1945-1960, the United States was very successful after World War Two because during the time of the post war, the U.S. was seen as the world’s richest country because the war brought back wealth. At that point, many Americans had begun viewing themselves as part of the middle class since quantities of goods and services all produced in the United Sates, skyrocketed from approximately $200 thousand-million during the 1940’s to $300 thousand-million in the 1950’s leading up

In accordance to the article The American Economy during WWII, during the times of the great depression president Franklin D. Roosevelt endorsed a new deal that would reconstruct capitalism and governance in America in which instead of ending the economic crisis, only furthered it. An example of this can be traced back to 1929 when the American gross domestic product began to decline for about four straight years, then gradually got back to its original level from 1929, which was finally surpassed again in 1936. Unemployment was then viewed as another crisis brought on by the great depression, that left approximately 3.5 million Americans unemployed far less than the 11.5 million who were unemployed back in

Numerous automobiles that were produced powered the expansion since it created housing booms that were accompanied by more affordable mortgages for the returning servicemen. By the end of 1945, major corporations in America expanded and grew even bigger. New ways for firms with holdings in a variety of industries had led the growth of major corporations in the U.S. An example could be seen with telephones and telegraphs that between other businesses bought the continental banking, Sheraton hotels, Avis rent-a-Car, and Hartford fire Insurance. Larger corporations also began developing holdings overseas because the labor costs were normally lower, while smaller franchise operations still provided other forms of pattern. During the post war era, the southwest and west also began to grow and continued to until the end of the century. According to the article, cities such as Houston, New Mexico, Tucson, Phoenix, and Arizona began to enlarge quickly. By 1963, California had more population than New York as it moved above Philadelphia and Pennsylvania being recognized as the U.S. third largest city. One of the more important movements made the Americans move from inner cities to new suburbs in hopes of finding more affordable houses. New homes and communities were brought upon by a man by the name William