what were the major reasons of the unprecendented economic boom of the post-world war2 period?

Answer 1

Gearing up production for war means that factories, already made wealthy by war production are able to mass produce to a greater extent. Also, people found that they had a higher disposable income.

However, traditional economics also states that growth is related to population expansion and investment. Investment is definately key here, since the post war govts, mainly labour, invested heavily in the infrastructure and in rebuilding heavy industry. This level of investment and the aim of full employment, boyed up by post war optimism fueled continued growth.

Luck

Answer 2

a complicated venture, yet there are some salient aspects. initially, lots stronger macro- financial and economic administration via governments and structures of international settlements in keeping with Keynsian economics. Secondly, lots enlarged public sectors contributing to extra good effectual call for and much less risky fluctations in public and private capital costs. area of it is with the help of defence costs in the time of the chilly conflict. Thirdly, finished employment incredibly while in comparison with the Nineteen 1920s-30s, offering and keeping shopper and business enterprise self belief in persisted growth of the financial equipment.

Answer 3

The farmers were asked to produce more by there governments due to war and they were given promises of profits. There was major development in the industrial sector. Due to food shortages in england,U.S.A had to feed England.