Question

After world war 2 the united states experienced an economic boom which did not contribute to that boom

Answer 1

Economic boom refers to the expansion and peak phase of a business cycle. Economic activities increases in the sectors of gross domestic product, productivity and income. The post World war II economic expansion, the long boom, and the Golden Age of capitalism, was a period of strong economic growth beginning after the second world war and ending with the recession of 1973 - 1975. In this case, the Taft-Hartely act did not contribute to the economic boom. Taft Hartley act  was a federal law that restricted the activities and powers of labor unions.