Question

What were the causes of the American economic boom in the 1950s? How did prosperity affect the nation socially, politically, and economically?

Answer 1

The American economy experienced phenomenal growth in the 1950s as prosperity returned to the country in the postwar period. The war resulted in increased factory production and the country consolidated its position in the postwar period. With the war over, men returned home to work with the women returning home leading to the Baby Boom. In the period, people also embraced the ideals of democracy including the free markets