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In the United States and several other nations, the post–World War II boom led to major suburban development and urban sprawl, aided by increasing automobile ownership and cheap oil, as shown in this suburban development in Colorado Springs, Colorado in March 2008. Per capita GDP of various industrialized countries between 1920 and 1976
In addition, by the early-1970s, post-World War II American consumers enjoyed higher levels of disposable income than those in any other country. [ 39 ] The great majority of American workers who had stable jobs were well-off financially, while even non-union jobs were associated with rising paychecks, benefits, and obtained many of the ...
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 ...
In the United States the unofficial beginning and ending dates of national economic expansions have been defined by an American private non-profit research organization known as the National Bureau of Economic Research (NBER). The NBER defines an expansion as a period when economic activity rises substantially, spreads across the economy, and ...
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.
1941–1945: World War II: On December 8, 1941, the United States declared war against Japan in response to the attack on Pearl Harbor. On December 11, Nazi Germany and Fascist Italy declared war against the United States.
The term usually refers to a varying period of time after World War II, which ended in 1945. A post-war period can become an interwar period or interbellum, when a war between the same parties resumes at a later date (such as the period between World War I and World War II). By contrast, a post-war period marks the cessation of armed conflict ...
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.