The post–World
War II economic expansion, also known as the postwar economic boom, the long
boom, and the Golden Age of Capitalism, was a period of economic prosperity in
the mid-20th century which occurred, following the end of World War II in 1945, and lasted until the early
1970s. It ended with the collapse of the Bretton Woods monetary system in 1971, the 1973 oil
crisis<span>, and the 1973–1974
stock market crash, which led to the </span>1970s
recession. Narrowly
defined, the period spanned from 1945 to 1952, with overall growth lasting well
until 1971, though there are some debates on dating the
period. Booms in
individual countries differed, some starting as early as 1945, and overlapping
the rise of the East Asian economies into the 1980s or 1990s.
What's the context?
The industrial revolution
Even further back...
The agricultural revolution
Trade?
Communication?
Travel?
Exploration?
With the boom in industrialization in the late 1800s, the biggest cities got much bigger. This was more possible now because railroads could bring in the raw materials needed for industry and could take out the finished goods. ... Thus, industry and trade had a great impact on the growth of cities in this time.
Answer:
European Recovery Program, was a U.S. program providing aid to Western Europe following the devastation of World War II. It was enacted in 1948 and provided more than $15 billion to help finance rebuilding.
Explanation:
