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Pax Americana [1] [2] [3] (Latin for ' American Peace ', modeled after Pax Romana and Pax Britannica), also called the "Long Peace", is a term applied to the concept of relative peace in the Western Hemisphere and later in the world after the end of World War II in 1945, when the United States [4] became the world's dominant economic, cultural, and military power.
Industrial production returned to its peak levels by October 1922. The AT&T Index of Industrial Productivity showed a decline of 29.4%, followed by an increase of 60.1%—by this measure, the recession of 1920–21 had the most severe decline and most robust recovery of any recession between 1899 and the Great Depression. [14]
The word "pax" together with the Latin name of an empire or nation is used to refer to a period of peace or at least stability, enforced by a hegemon, a so-called Pax imperia ("Imperial peace"). The following is a list of periods of regional peace, sorted by alphabetical order.
The federal minimum wage has been stuck at $7.25 since 2009, not even close to the buying power it once brought workers — which peaked all the way back in the 1960s.
"Long Peace" is a term for the unprecedented historical period of relative global stability following the end of World War II in 1945 to the present day. [1] [2] The period of the Cold War (1947–1991) was marked by the absence of major wars between the superpowers of the period, the United States and the Soviet Union.
If prices rise faster than expected on top of the stronger labor data, chances for the Fed to skip the November meeting will increase," UBS senior economist Brian Rose said in a Friday note.
Ed Lutgen shows off his tattoo while waiting to hear the results of the union vote on a new contract offer from Boeing, Monday, Nov. 4, 2024, at IAM District 751 Union Hall in Seattle.
The Economic Stabilization Act of 1970 (Title II of Pub. L. 91–379, 84 Stat. 799, enacted August 15, 1970, [2] formerly codified at 12 U.S.C. § 1904) was a United States law that authorized the President to stabilize prices, rents, wages, salaries, interest rates, dividends and similar transfers [3] as part of a general program of price controls within the American domestic goods and labor ...