Reasons for Economic Boom 1945-1960

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  • Reasons For USA Economic Boom 1945-60
    • Economic Development
      • GDP
      • Supply & demand
      • Average wage 2x britain's and 4x italy's
      • Cars cheaper to buy and maintain
    • New Industries
      • Petrochemical
        • Pollution
        • Rise in accidents
        • Cut into competition
      • Defence
        • Cold War Era
          • 50% spending
        • Conglomerates
      • Aerospace
        • Space race against Russia
        • New Products
          • Teflon
          • Electronics
          • Home Computer
    • Agricultural Modernisation
      • 15% Decline in farming
      • 15% people no longer lived on the land
      • Small farming dies
      • Strong businesses survived
        • Subsidised b govt.
    • Ways of Working-Labour Organisations
      • Computing led to new jobs
      • Real wage grew 10%
        • wages rose
        • hours fell
      • Job shift
        • office based
        • industrial workers fell
          • 39-38%
          • due to automated production
    • Consumer Economy
      • Shopping Malls
        • Breeding site for advertisements
      • Credit Cards
        • Buy now pay later
      • Housing
        • 43% of income spent on electrical products
        • keeping up with the Joneses
      • Cars
        • 3000 in business by 1950

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