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The US economy boomed after World War II.

Almost uniquely in the industrialised countries of the world, America came out of the war with a larger economy, no bomb damage and plenty of money in the bank.

It also had billions of dollars worth of new and modernised factories, the vast majority of which could be converted directly to peacetime uses.

With an excess of production and money to spend, most Americans had literally never had it so good - the last debris of the Depression had been more than swept away.

The American economy, American production and the American government were all also kept on a war footing; whilst the ravaged countries of Europe wound down their armies and tried to rebuild, the American armed forces got increases in funding and research and development, more equipment and more technology. The ever-expanding nature of the military-economic complex was enough for Eisenhower to warn Kennedy about it on the latter's election.

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17y ago

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