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The need for continued production of materials and supplies to support the military after war sparked the economic boom after World War II. The economic boom triggered spending and production in the housing and automobile markets.
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Why economic growth continued after World War 2?
Although there are many economic debates about this issue, there are certain key factors contributing to the growth:High level of spending on rebuilding Germany: Notable the Marshal Plan. This high spending has created a demand for US (and other Europe nations) exports to rebuild Germany.Increased consumer demand: After the post war period, consumer demand went up as well as the baby boom, creating more and more demand for the economy.Increased housing demand: As the soldiers who was fighting in the war came back, they sought out houses that were made cheaply (due to easiness to obtain mortgages for the soldiers.) This created a housing boom in the US, which stirred up demand further.Military spending: Even though the war has ended, the defense spending has never went down (to fuel the Cold War period.) This also helped creating demand and increased GDP.Formation of many global economic agreement: notably the Bretton Woods system and the GATT(General Agreement on Trade and Tariff - 1948) which in turns evolved to the WTO (World Trade Organizations.) These institutions created stability over the world economy.
Which of the following helped fuel economic growth by encouraging people to buy American goods?
Protective tariffs
What helped fuel econmic growth by encouraging people to buy American goods A monopolies B patents C Protective tariffs DLaissez faire?
a) monopolies
What is the value of self-service in an economy?
The value of self service in an economy is the elimination of a middle man. A person at the gas station is no longer necessary to pump gas for the consumer because of self service. This actually keeps the cost of fuel lower.
How did the discovery of oil help the United State economy grow?
The discovery of oil helped the United States economy grow by providing a way to support the economy. Oil is used domestically to fuel industries and is exported to other countries to generate direct income.
disadvantage of increase fuel price?
Increasing fuel prices can have several disadvantages, including: Increased cost of living: When fuel prices increase, it affects the cost of transportation, which can lead to an increase in the cost of goods and services. This can lead to a higher cost of living for consumers. Inflation: Fuel is used in many industries, including manufacturing and transportation, and an increase in fuel prices can lead to an increase in the cost of production. This can lead to inflation, which can have a negative impact on the economy. Reduced consumer spending: When fuel prices increase, consumers may have less disposable income, which can lead to reduced spending on other goods and services. This can have a negative impact on businesses that rely on consumer spending. Impact on low-income households: Higher fuel prices can have a disproportionate impact on low-income households, as they tend to spend a higher percentage of their income on fuel and transportation
Movies posters and speeches helped fuel prejudice against which group of American immigrants?
They helped fuel prejudice against German immigrants.
What did the fuel administration do?
It helped people with jobs and industry.
What are the main imports in Bulgaria?
fuel (petrol and gas), heavy machinery, IT, consumer goods
What are Bulgaria's major imports?
fuel (petroleum and gas), consumer goods, heavy machinary
What does the Fuel cost calculator target?
A fuel cost calculator works out how much someone is spending on fuel as they use their car. It can be useful for someone budgeting to save money and they can usually be found in car magazines
What are the benefits of an electric fuel pump?
One of the main benefits of an electric fuel pump is the increased efficiency. This increases the overall usage of the fuel pump by using less fuel and saving the consumer money overall.
What sort of fuel did the titanic take?
It was a special type of fuel that was created in the US. It was rumored to be a fuel that surpasses the fuel we have today. And was said that aliens helped the Americans invent thus fuel.
Why is America one of the leaders in fossil fuel consumption?
America is a big consumer society with a large population.
What are Bulgaria's imports?
Fuel (petroleum and natural gas), consumer goods and food products, heavy machinary
Which economic conditions did not helped to fuel chicano movement?
donkey dick
What helped to fuel a merchant capitalist system with Europe?
chuck noris.
