The Postwar Economy: 1945-1960. As the Cold Warunfolded in the decade and a half after World War II, the United States experienced phenomenal economic growth. The war brought the return of prosperity, and in the postwar period the United States consolidated its position as the world's richest country.
The methods of dealing with economic crisis that were established during the New Deal that are still used today are paying pensions and benefits for the elderly, children, and the handicapped and <span>regulating the stock market.</span>
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After world War 2 the country was booming with extensive amount of prosperity. America was a global leader the economy had grew by about 44%
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Adam Smith was among the first philosophers to declare that wealth is created through productive labor, and that self-interest motivates people to put their resources to the best use. He argued that profits flowed from capital investments, and that capital gets directed to where the most profit can be made. Smith argued against mercantilism and was a major proponent of laissez-faire economic policies.
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