THE COLD WAR 1950 1973
THE COLD WAR
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
It struggled to grow after World War II.
|
|
|
It grew steadily aided by all the new consumer goods of the time.
|
|
|
It grew, but only because the British were giving the U.S. loans.
|
|
|
None of the above
|
Detailed explanation-1: -The Decade of Prosperity The economy overall grew by 37% during the 1950s and unemployment remained low, about 4.5%. At the end of the decade, the median American family had 30% more purchasing power than at the beginning. Inflation was minimal, in part because of Eisenhower’s efforts to balance the federal budget.
Detailed explanation-2: -A new wave of consumerism swept across much of the population of the United States during the 1950s. Driven by a thriving postwar economy, designers utilized bold styling to transform everyday objects into visually expressive items, and manufacturers unleashed an array of products to keep pace with demand.
Detailed explanation-3: -Television and automobile sales skyrocketed in the 1950s. With the massive growth in suburban populations, automobiles were needed more than ever, and were within reach for many first-time buyers. Families of all income brackets were buying televisions at a rate of five million a year.
Detailed explanation-4: -Which of the following helped lead to U.S. economic growth in the 1950s? The growth of domestic consumerism.