POSTWAR PROSPERITY, 1946 – 1973 (OVERVIEW) The economic acceleration sparked by the war production of World War II (1939 – 45) ended the Great Depression (1929 – 1939) and brought prosperity to the United States. But the war's end brought fear of economic stagnation. Many people remembered the downturn following World War I (1914 – 18) and they ...
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Prosperity | Definition of Prosperity at Dictionary.com
noun, plural pros·per·i·ties. a successful, flourishing, or thriving condition, especially in financial respects; good fortune. prosperities, prosperous circumstances, characterized by financial success or good fortune.
Economic Prosperity. After the First World War the United States was in a strong economic position. The economies of her European rivals had been severely disrupted by the war and US companies were able to capture markets which had previously been supplied by countries like Britain and Germany.
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World War I: Causes, Characteristics & Effects - Video ...
It ushered in prosperity for some countries, while it brought economic depression to others. The treaty that ended World War I is called the Treaty of Versailles. Under the treaty, Germany was ...
Superficial prosperity is believed to be one of the causes of the Great Depression of the 1920s, due to the fact that people took out more loans and bought more things on credit than they could afford to pay back. This caused the impression that people were very prosperous and that they could all afford expensive things.
The Depression of 1920–1921 was a sharp deflationary recession in the United States, United Kingdom and other countries, beginning 14 months after the end of World War I.It lasted from January 1920 to July 1921. The extent of the deflation was not only large, but large relative to the accompanying decline in real product.
The US' prosperity following WW2. According to the Edexcel US history exam. Terms in this set (7) What was the US economy like following WW2? - US economy after WW2 experienced a period of growth - Became a vibrant economy based on consumer goods and experiencing living standards which would have been unimaginable in the 1930s
