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In 2014, median wealth in the United States was $44,900, which put the United States in 19th place, behind many other developed countries. [50] In 2015, median wealth in the United States was $55,775. [51] The United States has one of the widest rich-poor gaps of any high-income nation today, and that gap continues to grow. [52]
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 ...
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]
Social class is an important theme for historians of the United States for decades. The subject touches on many other elements of American history such as that of changing U.S. education, with greater education attainment leading to expanding household incomes for many social groups.
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.
However, shaky financial markets in the early 2000s, culminating in a financial crisis in 2008 and COVID-19, are among the many factors making the American Dream increasingly out of reach for the ...
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.
United States: Including: Reagan Era Late Cold War Third Industrial Revolution War on drugs: President(s) Jimmy Carter Ronald Reagan George H. W. Bush: Key events: Iran Hostage Crisis 1980 eruption of Mt. St. Helens Early 1980s recession Reaganomics Iran-Contra Scandal Invasion of Grenada Reagan Doctrine Tear down this wall! Invasion of Panama ...