United States Economy 1945-1960

United States Economy 1945-1960

As the Cold War unfolded in the decade in addition to a half after World War two, the United States experienced extraordinary economic growth. The war brought the return of wealth, aw well as in the postwar period America consolidated its situation as the world's richest country. Gross national product, a measure of every goods and services created in America, jumped from about $200 thousand-million in 1940 to $300 thousand-million in 1950 to more than $500 thousand-million in 1960. More and more Americans now believed themselves part of the middle class.

The growth in ...