Wide gaps between rich and poor is the answer.
With the surrender of both Germany and Japan in 1945, military contracts were terminated and soldiers returned home to compete with civilians for work. As government spending depleted, the economy fell into a deep recession and GDP shrank by a whopping 11 percent.
The private sector was booming when the government stopped buying ammunition and hiring soldiers. The factory that used to make bombs made toasters, and toaster sales surged. On paper, measured GDP declined after the war. In 1947 it was 13% lower than in 1944.
Gross National Product (GNP), which measures all goods and services produced, surged from just $ 200 billion in 1940 to $ 300 billion in 1950. By 1960, with over $ 500 billion, the United States was the wealthiest and wealthiest country. The nation has established the most powerful nation in the world
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Answer:
Cities and urban centers formed around factories as people migrated there for jobs
Explanation:
People continued migrating to the US, children didn't have to win the right to work, and the food supply did not decrease.
Answer:
Airplanes
Explanation:
Commercial and Freight aviation has come a long way. From using out dated B-16 bombers for passengers we are now using beautiful technology like Boeing-747-400, Airbus A-380, and the massive and intimidating freighter AN-225. Imagine the fact that we come from a small 2 passenger glide with one propeller to Fighter Jets that can go more then 400 KM/H all over the world like the American F-18 or the American Stealth B-2 bomber. Commercial aviation also came a long way. Before we used B-16 airplanes that couldn't fly high up which caused turbulence and discomfort. The break thru in aviation was the first ever commercial airliner to break the Altitude of 43,000 feet was the Boeing 747-100.
Answer:
Regardless of the cause, we see in Figure 3.6b that a price above equilibrium will result in quantity supplied being greater than quantity demanded. This excess supply is also known as a surplus.
Explanation:
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