0
One reason for the economic boom was that soldiers were returning home from ww2 and the Cold War. The G.I bill (Servicemen's Readjustment Act) provided veterans with money, college tuition, and low interest loans so that they could buy homes. this contributed to the economy because soldiers returning home had money to spend. Another reason for the economic boom was new technology being invented that people wanted to buy.
Wiki User
∙ 14y ago
Wiki User
∙ 14y agoA combination of factors resulted in a very good decade. You should be aware, however, that a couple of severe downturns also occurred during the 1980's. The 1987 Stock Market crash resulted in installation of "circuit breaker" regulations, due to the implied role of "programmed trading" in the crash. In the early eighties, rampant inflation and runaway gas prices resulted in a large recession. Also S&L debacle, etc.
The factors that contributed positively are:
Favorable tax policy and tax legislation resulted in a reduction of overall average income taxes as a percentage of earnings. Capital gains rates were reduced making investors both large and small (and almost everyone is an investor whether they know it or not -- do you have a 401k....Union Retirement Fund?) feel more optimism and increase slightly the amount invested.
Some hope that bloated government might be better trimmed and managed, became common during parts of the decade.
Stumbles or downfalls of competitor nations (Japan, USSR/Russia) occurred spurring optimism in the west.
Improved technology, and the wider distribution of this technology resulted in improved (or the promise thereof) productivity and in the breaking of new industries (e.g. web development) or the cost reduction of others. This also resulted in vast increases in knowledge regarding Biology and in materials science and agriculture.
Monetary policy became important for managing inflation and providing a benchmark for relating the money market to the overall economy (i.e. the "Fed", during the period stuck to a policy where it would seek to keep the supply of money growing at the same rate as the real change in GDP--Gross Domestic Product) This kind of stability is very favorable to retirees on fixed incomes, and it also allows for a predictable environment for financial business and business in general.
Wiki User
∙ 10y agoOne effect of the economic boom in the 1950s is that industries had been running REALLY quick
Wiki User
∙ 13y agoOther industrial countries had suffered more from World War II
Wiki User
∙ 7y agoThe growth of domestic consumerism. U.S. industries were doing very well.
Wiki User
∙ 11y agoResources were no longer needed primarily to build the weapons of war. Capitalists could invest money in economic ventures.
Wiki User
∙ 15y agoTHE G.I BILL
Add your answer:
Earn +20 pts
Was Jamestown established for religious or economic reasons?
Jamestown was primarily established for economic reasons, not religious reasons.
What was one result of deregulation and unwise investments?
A lagging economy in 2000 Boom and bust in the 1980s and 1990s *Apex*
Which group of Americans found themselves left out of the postwar economic boom?
[1] Farmers faced hard times in the Postwar Boom. Family farms found it hard to compete with "big business farms" and many failed.[2] The poor found themselves to be even worse off after the war despite the economic boom that was going on around them.
What factors contributed to the economic boom of 1920s Australia?
A few factors of the sudden economic boom of 1920s in Australian are: - Migrants and refugees from wars - Influences made by British and American on building a developed country - Due to increase in immigration and population, Australians required more food and jobs and that led to a boom on Australia's economy.
During the 1970s did France and Britain experience an economic boom?
No, France and Britain did not experience an economic boom. As a matter of fact, during the 1970s Britain experienced severe inflation and worker strikes. By 1972 over a million people were unemployed. It was a time of dismal economic decline. Conditions were much the same in France.
What is a boom in a business?
A boom is a period of rapid economic growth, prosperity.
What is a sentence for economic boom?
The country was doing really well as it had experienced an economic boom and there was a lot of jobs being created.
An economic what is a time of fast economic growth?
boom/growth
An economic BOOM is a time of fast economic growth?
cv
What were the features of the economic boom?
money
What is boom to bust?
a fast economic
What natural resource gave Texas a large economic boom?
Oil gave Texas a large economic boom.
What is a period of economic growth called?
A period of economic growth is an economic boom
What are the features of an economic boom?
Yo! i don't get why u put these q.? nobody cares! get a life b;) jk! economic boom is astroids.
When did the economic boom begin?
It was in the 1920's
Innovations in what industry contributed greatly to the economic boom of the 1990's?
Innovations in the computer industry contributed greatly to the economic boom of the 1990's.
What was a major goal for china in the 1980s?
accelerate economic growth
