Post-War Boom
The "Post-War Boom" refers to the period of economic growth and prosperity that occurred in many countries, particularly in the United States and Western Europe, following World War II. This era, roughly from the late 1940s to the early 1970s, was characterized by increased industrial production, rising consumer demand, and significant advancements in technology. The rebuilding of war-torn nations and the establishment of new economic policies contributed to this rapid growth.
During the Post-War Boom, many families experienced improved living standards, with increased access to goods such as automobiles and household appliances. The expansion of the middle class was notable, as was the rise of suburban living. Key factors included government spending on infrastructure, the GI Bill in the U.S., and the establishment of international trade agreements, which helped stimulate economies and foster global cooperation.