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What is postwar recession?

Updated: 8/22/2023
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9y ago

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The postwar economy symbolized a period of economic growth and expansion in the United States. Unlike Europe, which was struggling to rebuild after the war, the United States had emerged as the richest country in the world after World War II. A combination of the housing boom, the automotive industry, corporate wealth, the defense industry, and the GI Bill, escalated the country's wealth and world status.

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9y ago
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11y ago

"Post-war" refers to an indeterminate period of time after the war (any war).

"post" is a prefix that can be placed before many words to indicate a period of time "after the event".

Post-war - after the war.
Post-natal - after having a baby.
Post-game - after the game.
Post-mortem - after death.
Post-diluvian - after the flood.
Post-meridian - after noon.

In common parlance, Post-War, particularly if it is capitalized, refers to the period following World War II.

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9y ago

After major wars, it is not unusual for there to be an economic depression. they occur because the glut of returning soldiers flood the job market driving down wages and raising costs in other arenas.

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