America did indeed embark on one of the greatest periods of expansion in the postwar years. People had money, consumers were spending that money, and corporations were profiting from that. New types of companies got started and were succeeding, and older businesses folded because of this. New industries were created which opened many possibilities for the near future. Current workers were getting promoted into white-collar jobs in all sorts of industries, and new jobs were created because of new technology. The postwar era was the beginning of the technology boom, which would transform the world within 50 years. The move away from the cities still continued, and the baby boom was still occurring. All of this made the postwar years some of the best economic years in American history.

During World War II people were earning wages, but not spending much of them. This was mostly because of the small supply of consumer goods, if they were even produced during the war. This meant that the average American consumer had several years of wages saved by the end of the war. Some unfortunate families also had money from the government and insurance

The final major event that affected the growth of the economy was the baby boom. The birthrate was skyrocketing, up about 20% from before the war. With more children running around the country came more bills. You have to spend money to pay bills, and that means that along the line someone is profiting. Thus profit helps the economy grow. That means the more babies there are the more bills that have to be paid. That is how the economy positively benefits from a baby boom, because more money gets spent. That is the baby boom’s contribution towards the growth of the economy in the postwar years.

companies if they lost a relative due to the fighting in Europe and the Pacific. This meant that at the end of the war Americans had money, and the want to buy new things and give the economy a nice, long awaited boost.

One of the largest events of the postwar era, and one that had a major effect of the economy was the move away from the cities. People were flocking to the suburbs once again, and this time the move was on a much larger scale. This movement was held back by one thing, a lack of housing. This would have to be dealt with in a fast manner, but the homes still had to be high quality. This posed a relatively major problem. The solution came from a developer named William J. Levitt. He thought that communities should be built like cars; just bring the assembly line to the worksite. Buyers were offered very few options, just color for the most part, so all the homes looked similar. This was revolutionary idea; it allowed more houses to be built it less time, which increases profits that the builder received. This also increased the number of jobs available in the construction industry, because of the number of people required to build these homes. This is how the move to the suburbs affected the growth of the postwar economy.

The economy did grow tremendously during the years following World War II. Those years had a huge impact on the future of the world. Some of those impacts were nuclear power, computers, and even an assembly line process for building homes. The economy grew with huge leaps and bounds, instead of tiny steps like in the past. The Gross National Product increased by nearly 150 percent from the en of the war a 1960. People were earning more money, and t

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