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The Ending Of The Post War Boom
World War II had caused the expansion of U.S. industrialization and also it had changed the U.S. corporations into a new global economy scale. The war had brought America in return a huge increase in its prosperity. In the U.S. society, most people believed in that big business and government can do just about everything. The period between 1948 to 1973 had been called the ¡§long boom¡¨ or the ¡§postwar boom¡¨. This period consolidated the United States¡¦ position as the richest country in the world. At the end, the 1973¡¦s oil shock had ended this ¡§long bo ....
Word count: 1102 - Page count: 5
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