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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 sets, and 51% had more than one vehicle.
Pre-Civil War industrial production levels were regained in the early 1950s, though agricultural output remained below prewar levels until 1958. [11] A further impetus to economic liberalization came from the September 1953 signing of a mutual defense agreement, the Pact of Madrid, between the United States and Spain.
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 ...
Perhaps the most significant change in Spanish social values, however, was the role of women in society, which, in turn, was related to the nature of the family.Spanish society, for centuries, had embraced a code of moral values that established stringent standards of sexual conduct for women (but not for men); restricted the opportunities for professional careers for women, but honored their ...
The economic history of the United States spans the colonial era through the 21st century. The initial settlements depended on agriculture and hunting/trapping, later adding international trade, manufacturing, and finally, services, to the point where agriculture represented less than 2% of GDP .
According to Bairoch, in the mid-18th century, "the average standard of living in Europe was a little bit lower than that of the rest of the world." [ 15 ] He noted variations within both groups in 1750, citing the Asian civilizations of China and India as being the wealthiest among the Third World group, and Russia and Eastern / Southeastern ...
In world terms, Spain was already enjoying a fairly high material standard of living with basic but comprehensive services. However, the period between the mid-1970s and mid-1980s was to prove difficult as in addition to the oil shocks to which Spain was highly exposed, the settling of the new political order took priority over the modernising ...
As a result of the postwar economic boom, 60% of the American population had attained a "middle-class" standard of living by the mid-1950s (defined as incomes of $3,000 to $10,000 in constant dollars), compared with only 31% in the last year of prosperity before the onset of the Great Depression in 1929.