An impact of the post-World War II economic boom in Europe was increased standard of living.
The post–World War II economic expansion, also refered to as the Golden Age of Capitalism, or even postwar economic boom, and the long boom, marked a period of strong economic growth which took place right after World War II and ended with the 1973–75 recession. Countries such as The United States, Soviet Union, Western European and East Asian countries experienced a high and sustained growth which was unusual, along with with full employment.