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US work hours fell by 10.7% between 1950 and 1979, though the decline was still around half that of Western Europe. In 1980, the American standard of living was the highest among the industrial countries, according to the OECD. Out of the 85 million households in the United States, 64% owned their own living quarters, 55% had at least two TV ...
From 1972 to 1978, industrial productivity increased by only 1% a year (compared with an average growth rate of 3.2% from 1948 to 1955), while the standard of living in the United States fell to fifth in the world, with Denmark, West Germany, Sweden, and Switzerland surging ahead. [51]
The 1860s were a period of growing protectionism in the United States, while the European free trade phase lasted from 1860 to 1892. The tariff average rate on imports of manufactured goods in 1875 was from 40% to 50% in the United States, against 9% to 12% in continental Europe at the height of free trade. [44]
The United States helped form a strong military alliance in NATO in 1949 including most of the nations of Western Europe, and Canada. In Asia, however, there was much more movement. The United States failed to negotiate a settlement between its ally, nationalist China under Chiang Kai-shek, and the communists under Mao Zedong.
This is a list of countries showing past life expectancy, ranging from 1950 to 2015 in five-year periods, as estimated by the 2017 revision of the World Population Prospects database by the United Nations Population Division. Life expectancy equals the average number of years a person born in a given country is expected to live if mortality ...
Compare the lifestyle, finances, family life, safety and education in Europe versus the United States before deciding to move to Europe.
In the United States the unofficial beginning and ending dates of national economic expansions have been defined by an American private non-profit research organization known as the National Bureau of Economic Research (NBER). The NBER defines an expansion as a period when economic activity rises substantially, spreads across the economy, and ...
In 1980 the middle class earned 17% of total income in the United States. [ 291 ] [ 292 ] [ 293 ] However, by 2019 its share decreased to 14%, a drop of 3%. Another way to see this is that in 1980 the share of the middle class was the same as that of the top 5% but by 2019 the top 5% was 9 percentage points ahead of the middle class.