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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."
August 19 – Cold War: 1953 Iranian coup d'état ("Operation Ajax") – The CIA helps to overthrow the democratic government of Mohammed Mossadegh in Iran and retain Shah Mohammad Reza Pahlavi on the throne. August 20 – The U.S. returns to West Germany 382 ships it had captured during World War II. September 9 – The Supreme Court decision ...
President Harry S. Truman directed U.S. foreign policy from 1945 to 1953. His main advisor was Dean Acheson. The main issues of the United States foreign policy during the 1945–1953 presidency of Harry S. Truman include: [1] Final stages of World War II included the challenge of defeating Japan with minimal American casualties.
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, ...
However, private economic activity expanded at a brisk pace throughout this period. The expansion lasted just over three years, followed by another brief recession in late 1948. Oct 1949– July 1953 45 +4.4% +6.9%: The United States exited recession in late 1949, and another robust expansion began.
The GI Bill thus helped in ensuring 15 million housing units were built between 1945 and 1955, and the home-ownership rate grew from 50 percent in 1945 to 60 percent in 1960. Together with the growth of the automobile industry, the G.I. Bill's housing benefits helped provide for a major expansion of suburbs around every major city. [ 194 ]
The Cold War (1948–1953) is the period within the Cold War from the incapacitation of the Allied Control Council in 1948 to the conclusion of the Korean War in 1953. The list of world leaders in these years is as follows: 1948–49: Clement Attlee (UK); Harry Truman (US); Vincent Auriol (France); Joseph Stalin (USSR); Chiang Kai-shek (China)