USA HISTORY

Detailed explanation-1: -A housing boom, stimulated in part by easily affordable mortgages for returning servicemen, fueled the expansion. The rise in defense spending as the Cold War escalated also played a part. After 1945 the major corporations in America grew even larger.

Detailed explanation-2: -Driven by growing consumer demand, as well as the continuing expansion of the military-industrial complex as the Cold War ramped up, the United States reached new heights of prosperity in the years after World War II.

Detailed explanation-3: -Mass-consumption also depended upon the rising prosperity of people in the industrialised world, and their ability to buy all the stuff that was made and advertised. Their prosperity, to some extent, depended upon the ability of a market of mass-consumers to absorb the products which the industries produced.

Detailed explanation-4: -The period from the end of World War II to the early 1970s was one of the greatest eras of economic expansion in world history. In the US, Gross Domestic Product increased from $228 billion in 1945 to just under $1.7 trillion in 1975.