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.
The judicial branch could use the constitution as evidence to not allow the law to pass,and congress could veto it
Traditionally<span>, </span>immigrants<span> had come to </span>America for economic opportunity<span> and religious freedom. </span>
The oldest known peace treaty was the Egyptian-Hittite peace treaty. It is also known as Eternal treaty or Silver treaty. The treaty was signed between Hittite empire and Egypt in 1258 BC after the long war, which continued for over 2 centuries. After the Battle of Kadesh in 1274 BC, the sides sought a peace treaty because of heavy casualties on both sides. And it was ratified 16 years later that battle.
They made over 300 billion dollars off of Oil in 2006