What was the state of the economy is the 50's? please elaborate?

Answer 1

Interest rates, unemployment, inflation were all low., real wages and productivity were increasing. The economy boomed after WWII and the 50's and 60's had the best peace time growth of GDP per capita of the century. There was 2 mild recessions. If you want data it is available at
http://www.economagic.com/popular.htm