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The American economy grew dramatically in the post-war period, expanding at a rate of 3.5% per year between 1945 and 1970. During this period of prosperity, many incomes doubled in a generation, described by economist Frank Levy as "upward mobility on a rocket ship."
Tensions between the United States and the Soviet Union escalated after 1945, and by 1947 the two countries had entered a sustained period of geopolitical tension known as the Cold War. Truman adopted a policy of containment , in which the U.S. would attempt to prevent the spread of Communism but would not actively seek to regain territory ...
From the trough of the recession of 1945 to the late-2000s recession, there have been eleven periods of expansion, lasting an average of fifty-nine months. [ 1 ] Included during this period is the post–World War II economic expansion through the 1973–75 recession , a period of stagflation between 1974 and 1981, and the Great Moderation from ...
This is a list of such named time periods as defined ... and today is the span of historic events from approximately 1945 that are immediately relevant to the present ...
This is a list of wars that began between 1945 and 1989. ... Major conflicts of this period include the Chinese Civil War in Asia, ... 27 July 1953 [5]
This is a timeline of the main events of the Cold War, a state of political and military tension after World War II between powers in the Western Bloc (the United States, its NATO allies and others) and powers in the Eastern Bloc (the Soviet Union, its allies in the Warsaw Pact and later the People's Republic of China).
The Cold War was a period of global geopolitical rivalry between the United States ... the Chinese Communist Revolution of 1945–1949, the Korean War of 1950–1953, ...
January 31 – In a letter to Director of the Bureau of the Budget, citing a period of national emergency, President Truman requests the establishment of "a Federal history program for all the agencies engaged in emergency activities" and asks that the "active direction of the program should be undertaken by the Bureau of the Budget, although ...