Depression
Cold War spending
cold war spending
A vast expansion of the homeowning middle-class.
Depression
The trade development of West Europe and Japan in the postwar decades were the flexible labor force. They got more inventory to trade.
The postwar South suffered from an acute shortage of capital: people had to devise way to operate without cash. From America A native History by George Brown Tindall 8th edition
Poland had pretty well been destroyed by the war. The infrastructure (buildings, utilities, transportation centers) had all been severely damaged. Canada, like the US, had not suffered damage and was in good shape. This meant that Poland had to rebuild, Canada did not. Canada had a major economic advantage over most European nations.
The postwar compensation that Germany was forced to pay to the victorious countries after World War I was called reparations. These payments were mandated by the Treaty of Versailles in 1919 and were intended to cover the damages caused by the war. The reparations placed a heavy economic burden on Germany, contributing to severe inflation and economic instability in the years following the war.
In postwar Germany, the currency was nearly worthless due to the devastation of World War II and the hyperinflation that followed. The Reichsmark lost its value significantly, leading to severe economic hardship. In June 1948, the Deutsche Mark was introduced as a new currency to stabilize the economy and curb inflation, marking a pivotal moment in Germany's recovery and the beginning of the Wirtschaftswunder, or economic miracle.
Postwar reparations led to hyperinflation and economic collapse in Germany.
Chung's reputation suffered a severe blow when it was learned that state funds had helped facilitate the event.
Cold War spending
cold war spending
Halifax
A vast expansion of the homeowning middle-class.
To stablize the political and economic situation
The Boy in the Bubble