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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.
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What war caused sustained economic growth?
World War 2 caused sustained economic growth.
What contributed to economic growth in America after world war ii?
The baby boom
How did economic growth in the south compared to economic growth in the rest of the country?
the economic growth lagged behind because they had to repair damages from the war
What was not a reason for post world war 2 economic growth in the US?
i think its increased savings by most americans...
What helped fuel postwar consumer spending?
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.
What war caused sustained economic growth?
World War 2 caused sustained economic growth.
What was the impact of world war 2 on chicago?
Strong economic growth
What contributed to economic growth in America after world war ii?
The baby boom
Which country experienced the most rapid economic growth after World War 2?
The US.
What did the United States experience at the end of world war 2?
economic growth and a baby boom.
What was the condition of America’s economy following World War I?
there was a brief recession, followed by economic growth
How did economic growth in the south compare to economic growth in the rest of the country?
Economic growth lagged behind because they had to repair damage from the war.
How did economic growth in the south compared to economic growth in the rest of the country?
the economic growth lagged behind because they had to repair damages from the war
How did the economic growth in the south compare to economic growth in the rest of the country?
Economic growth lagged behind because they had to repair damage from the war.
What was the condition of americas economy following world war 1?
There was a brief recession, followed by economic growth
How did the tie between the US and Australia formed during World War 2 effect the economic growth of post World War 2 Australia?
The tie between USA and Australia (ANZUS) is a military tie. It has nothing to do with or impact on Australia's economic growth post World War II. The USA is not a major trading partner of Australia.
What caused the economic growth of the US's economy after World War 2?
The invention of credit cards
