Post-War Economy
The "Post-War Economy" refers to the economic conditions and recovery efforts following major conflicts, particularly after World War II. Many countries experienced significant growth due to reconstruction efforts, increased industrial production, and the rise of consumerism. Governments invested in infrastructure and social programs, leading to improved living standards.
In the United States, the GI Bill helped returning veterans access education and housing, contributing to a booming middle class. Similarly, in Europe, the Marshall Plan provided financial aid to rebuild war-torn nations, fostering economic stability and cooperation. This period marked a shift towards modern economies and globalization.