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lawyer [7]
3 years ago
10

The principal reason for the economic boom in the United States after the Second World War was:

Advanced Placement (AP)
1 answer:
adelina 88 [10]3 years ago
3 0
The principal reason for the economic boom in the United States after the Second World War was a shortage of consumer goods combined with a reserve of purchasing power in the form of accumulated savings. 
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Because factories were usually located in cities, industrialization went hand-in-hand with – urbanization. The industrial economy helped create robust growth in the United States for many decades. Plentiful manufacturing and industrial jobs meant that –workers could enter the job market making a good wage. But as the economy began to transform once more, from an industrial to a post-industrial system, the nature of work changed as well. –This led to a decline in industrial jobs: from 18 million in 1990 to –12.4 million by 2017.

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a) Industrialization: This term refers to the development of industries, which is characterized by economic growth, more efficient division of labor, mass production, and the use of technological innovations to solve problems.  Industrialization was triggered by the evolution of capitalism and the agricultural revolution.

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d) Post-Industrial System: Post-industrial system is an economic system of the period within an industrialized economy or nation witnessing a declining manufacturing sector and increasing activities in services, information, and research, resulting to de-industrialization.

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