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US work hours fell by 10.7% between 1950 and 1979, though the decline was still around half that of Western Europe. In 1980, the American standard of living was the highest among the industrial countries, according to the OECD. Out of the 85 million households in the United States, 64% owned their own living quarters, 55% had at least two TV ...
The Midwestern and Western United States became urban majority in the 1910s, while the Southern United States only became urban-majority after World War II, in the 1950s. [2] The Western U.S. is the most urbanized part of the country today, followed closely by the Northeastern United States.
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.
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 .
This is a list of countries showing past life expectancy, ranging from 1950 to 2015 in five-year periods, as estimated by the 2017 revision of the World Population Prospects database by the United Nations Population Division. Life expectancy equals the average number of years a person born in a given country is expected to live if mortality ...
The history of the United States from 1980 until 1991 includes the last year of the Jimmy Carter presidency, eight years of the Ronald Reagan administration, and the first three years of the George H. W. Bush presidency, up to the collapse of the Soviet Union.
The substantial rise in living standards only started after 1870, with the arrival of cheap food from the Americas. Western European GDP grew rapidly after 1820, but real wages and the standard of living lagged behind. [116] According to Robert Allen, at the end of the Middle Ages, real wages were similar across Europe and at a very high level.
The expansion was interrupted in the United States by five recessions (1948–49, 1953–54, 1957–58, 1960–61, and 1969–70). $200 billion in war bonds matured, and the G.I. Bill financed a well-educated work force. The middle class swelled, as did GDP and productivity. The US underwent its own golden age of economic growth.