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American money and manufactured goods flooded into Europe, South Korea, and Japan and helped in their reconstruction. US manufacturing dominance would be almost unchallenged for a quarter-century after 1945. The American economy grew dramatically in the post-war period, expanding at a rate of 3.5% per year between 1945 and 1970.
The aftermath of World War II saw the rise of two superpowers, the Soviet Union (USSR) and the United States (US). The aftermath of World War II was also defined by the rising threat of nuclear warfare, the creation and implementation of the United Nations as an intergovernmental organization, and the decolonization of Asia, Oceania, South America and Africa by European and East Asian powers ...
Pax Americana [1] [2] [3] (Latin for "American Peace", modeled after Pax Romana and Pax Britannica; also called the Long Peace) is a term applied to the concept of relative peace in the Western Hemisphere and later in the world after the end of World War II in 1945, when the United States [4] became the world's dominant economic, cultural, and military power.
The post–World War II economic expansion, also known as the postwar economic boom or the Golden Age of Capitalism, [1] [2] was a broad period of worldwide economic expansion beginning with the aftermath of World War II and ending with the 1973–1975 recession. [1]
The shock of peace: military and economic demobilization after World War II (1983) online; Bennett, Michael J. When Dreams Came True: The GI Bill and the Making of Modern America (Brassey's, 1996). Childers, Thomas. Soldier from the war returning: The greatest generation's troubled homecoming from World War II (Houghton Mifflin Harcourt, 2009 ...
Until the start of the COVID-19 recession in 2020, no post-World War II era came anywhere near the depth of the Great Depression. In the Great Depression, GDP fell by 27% (the deepest after demobilization is the recession beginning in December 2007, during which GDP had fallen 5.1% by the second quarter of 2009) and the unemployment rate ...
Following the attack on Pearl Harbor, the United States entered World War II to fight against Nazi Germany, Fascist Italy, and Imperial Japan, known as the "Axis Powers". Italy surrendered in 1943, and Germany and Japan in 1945, after massive devastation and loss of life, while the US emerged far richer and with few casualties.
American influence in post–World War II Europe (3 C, 5 P) P. Operation Paperclip (70 P) R. Red Scare (2 C, 26 P) Pages in category "Aftermath of World War ...