The baby boom
After World War II, several key factors contributed to economic growth in America. The GI Bill facilitated education and home ownership for returning veterans, boosting consumer spending. Additionally, the expansion of the manufacturing sector, fueled by technological advancements and increased demand for consumer goods, played a significant role. Finally, the rise of the interstate highway system improved infrastructure and connectivity, further stimulating economic activity and growth.
The IT sector in 2008 is estimated to have contributed to just 2% of India's GDP. However it was responsible for a significant of 12% of growth in that year. Source: World Bank Economic Survey, Emerging Economic Giants 2008 The IT sector in 2008 is estimated to have contributed to just 2% of India's GDP. However it was responsible for a significant of 12% of growth in that year. Source: World Bank Economic Survey, Emerging Economic Giants 2008
Raw materials contributed to the emergence of a new interdependent global economic system in the New World
World War 2 caused sustained economic growth.
After World War II, several factors contributed to American economic growth, including increased consumer demand fueled by post-war prosperity and the expansion of the middle class. The GI Bill facilitated access to education and home ownership for veterans, further stimulating the economy. Additionally, advancements in technology and productivity, along with significant government spending on infrastructure and defense, played a crucial role in driving economic expansion during this period. Lastly, the U.S. emerged as a global economic leader, benefiting from a dominant position in international trade.
Rearmament
the increased availability of credit.
there was a brief recession, followed by economic growth
The IT sector in 2008 is estimated to have contributed to just 2% of India's GDP. However it was responsible for a significant of 12% of growth in that year. Source: World Bank Economic Survey, Emerging Economic Giants 2008 The IT sector in 2008 is estimated to have contributed to just 2% of India's GDP. However it was responsible for a significant of 12% of growth in that year. Source: World Bank Economic Survey, Emerging Economic Giants 2008
Raw materials contributed to the emergence of a new interdependent global economic system in the New World
America contributed to World War 1 before 1917 by supplying the warring countries with military goods. This led to an economic boom that sustained America's war spending when it eventually entered the war.
World War 2 caused sustained economic growth.
world wide economic depression
Strong economic growth
To engineer the economic growth that it desperately needs, Greece can establish and promote sustainable industries in the developing world.
North America has about 7% the world's population and accounts for 1/3 of the world's economic output.
Other industrial countries had suffered more from World War II