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Americans had money and security after World War 2. They had just come out of the depression before the war. The war boosted the economy.

The depression had an 18 percent unemployment rate. It was such a severe depression it affected the entire nation and world. People had to go without many of the basics and they hungered. Millions lost their homes, some lost their families and kids would beg for food and help.

When the economy boomed Americans were happy again, the bleakness of the depression and the war lifted. They were able to get jobs, have money again and buy homes. The GI veterans could go to college and get much better jobs. This raised the level of the middle class. They too could buy homes and cars.

They could buy the new gadget called the television, have radios, several phones in their houses and some families could send their children to private schools. But it was not all spend, spend, spend.

They became great savers. They had lived without so they saved for the future and worked at jobs where they could get a retirement pension. And they retired sufficiently unlike their boomer children.

The economy has been through up and down cycles since the Fifties and we still have buying power but we also have the ability to lose all our money because our economy is not stable as it was in the Fifties.

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Q: How did Americans experiences throughout the Depression and World War 2 affect consumer spending during the 1950s?
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