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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 ...
Mount Washington Hotel. The Bretton Woods Conference, formally known as the United Nations Monetary and Financial Conference, was the gathering of 730 delegates from all 44 allied nations at the Mount Washington Hotel, in Bretton Woods, New Hampshire, United States, to regulate what would be the international monetary and financial order after the conclusion of World War II.
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
While Belarus, Kazakhstan and Kyrgyzstan, in addition to Russia, have kept Russian as an official language, the language lost its status in other post-Soviet states after the end of the Soviet Union. It maintains semi-official status in all CIS member states, because it is the organisation's official working language, but in the three Baltic ...
The aftermath of World War II saw the rise of two global superpowers, the United States (U.S.) and the Soviet Union (USSR). 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 ...
The overall course of the Depression in the United States, as reflected in per-capita GDP (average income per person) shown in constant year 2000 dollars, plus some of the key events of the period. Dotted red line = long-term trend 1920–1970. [47] In most countries of the world, recovery from the Great Depression began in 1933. [8]
The history of the United States from 1917 to 1945 was marked by World War I, the interwar period, the Great Depression, and World War II. The United States tried and failed to broker a peace settlement for World War I, then entered the war after Germany launched a submarine campaign against U.S. merchant ships that were supplying Germany's ...
United States forces, together with the United Kingdom and Soviet Union, were also instrumental in collapsing Adolf Hitler's government in Germany and deposing Benito Mussolini in Italy. In the end of World War II, the U.S. government struggled with the Soviet Union for global leadership, influence and security within the context of the Cold War.