why were the 50s so prosperous?
604928
One of the factors that fueled the prosperity of the '50s was the increase in consumer spending. ... The adults of the '50s had grown up in general poverty during the Great Depression and then rationing during World War II. When consumer goods became available in the post-war era, people wanted to spend.
1264360
UK attracts migrants from across the globe – more than any other country; this is thanks to its strong economy, high standard of living and great working surroundings. Longer paid holidays, free healthcare and a good minimum wage means the standard of living across the UK has increased over the past century.
1273524
New Zealand became wealthy because it changed very quickly from being a land with few good crops or farm animals (and therefore a small population), to being a land with lots of crops and farm animals that had been selectively bred over thousands of years to suit a similar climate.
1398865
Weaknesses in the 1920s Economy. 2. 1) Unequal distribution of wealth • 60% of all American families had an income of less than $2000 per year (i.e. they were living below the poverty line). Top 5% of people earned 1/3 of the wealth.
1453424
['The stock market crash. The stock market soared throughout most of the 1920s, and the more it grew, the more people were eager to pour money into it. ... ', 'Bank failures. ... ', 'Too many poor people. ... ', 'Farm failures. ... ', 'Environmental disasters. ... ', 'Government inaction.']
570730
['Stable prices (low inflation)', 'Steady and sustained economic growth.', 'Low unemployment or full employment.', 'A balanced balance of payments.']
987996
The nation's gross national product rose from about $200,000 million in 1940 to $300,000 million in 1950 and to more than $500,000 million in 1960. At the same time, the jump in post-war births, known as the "baby boom," increased the number of consumers. More and more Americans joined the middle class.
841329
The Union had many strengths though. They contained a larger population of twenty-two million free citizens. The Union also had a very diverse economy. Many people in the Union did not just work in factories, many also even grew food of their own.
1134743
Social Reasons Anglos believed that they are bringing civilization, democracy and technology to the west. Americans associate land ownership with wealth, individualism, political power and independent "self-rule.” The United States population has grown dramatically due to European immigration.
1427380
['Private ownership of resources. Free economies exist because a significant portion of resources are owned by individuals or companies in the private sector and not a central government agency. ... ', 'Thriving financial markets. ... ', 'Freedom to participate.']
546488
The main reasons for America's economic boom in the 1920s were technological progress which led to the mass production of goods, the electrification of America, new mass marketing techniques, the availability of cheap credit and increased employment which, in turn, created a huge amount of consumers.
660952
The power of the federal government grew under Henry Clay 's American System, which led to many improvements in the form of expanded roadways and canal systems. The rapid development and westward expansion during the Market Revolution resulted in land speculation which caused economic boom and bust.
168491
As mentioned above, there are diverse reasons for the precipitated development of Asia. However, the common thread running amongst these nations, which boosted rapid growth in the past 50 odd years, is liberalization, urbanization, cheap workforce and collaboration.
1097925
The Middle Colonies had much fertile soil, which allowed the area to become a major exporter of wheat and other grains. The lumber and shipbuilding industries were also successful in the Middle Colonies because of the abundant forests, and Pennsylvania was moderately successful in the textile and iron industries.
1213671
The upper class consists mainly of those people who have sufficient wealth that they can live comfortably from capital-gains, and as such working and having an income is optional. ... To them, being "good with money" means primarily spending wisely, that is, getting as much value as possible for their money.
1473216
To work and produce was their philosophy of life, leaving no room for idealism. Individualism, ambition and an addiction to work — or being a workaholic — are the values with which they grew up. The parents of this generation had the worst part: they lived through the postwar period.
1235415
Slavery was so profitable, it sprouted more millionaires per capita in the Mississippi River valley than anywhere in the nation. With cash crops of tobacco, cotton and sugar cane, America's southern states became the economic engine of the burgeoning nation. Their fuel of choice? Human slavery.