Post-World War II Economic Expansion
Jump to navigation
Jump to search
A Post-World War II Economic Expansion is a World War II that ...
- AKA: Post–World War II Economic Expansion.
- See: Greek Economic Miracle, Gilded Age, Belle Époque, World War II, Bretton Woods Monetary System, 1973 Oil Crisis, 1973–1974 Stock Market Crash, 1970s Recession, #Dating The Period, East Asian, Full Employment, Japan.
References
2016
- (Wikipedia, 2016) ⇒ https://en.wikipedia.org/wiki/Post–World_War_II_economic_expansion Retrieved:2016-6-2.
- 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, and the 1973–1974 stock market crash, which led to the 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.
During this time, there was high worldwide economic growth; Western European and East Asian countries in particular experienced unusually high and sustained growth, together with full employment. Contrary to early predictions, this high growth also included many countries that had been devastated by the war, such as Japan (Japanese post-war economic miracle), West Germany (Wirtschaftswunder), France (Trente Glorieuses), Italy (Italian economic miracle), and Greece (Greek economic miracle).
- 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, and the 1973–1974 stock market crash, which led to the 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.