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4 June, 14:32

What accounted for the incredible rise in the nation's wealth during the 1950s?

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  1. 4 June, 14:39
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    Higher manufacturing, population growth, and political bills and plans

    Explanation:

    There was an unprecedented growth of GDP in the period from 1945 to 1960. The US in 1950 produced 50% of the manufactured products being consumed at that time in the world, even though when its population was very low. The major contributors to the economy were

    a) GI Bill

    b) Marshall Plan

    c) Cold War defense spending

    d) Baby Boom in the Eisenhower era

    e) 35 % of Unionized work force by 1954
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