The American economy experienced a golden age during 1950’s. While other countries in Asia and Europe were still rebuilding and recovering themselves from the World War II destructions, America’s economy had the chance to grow rapidly. Many factors involved in this economy boom. The GI bill let the veterans who could not afford their education to access to colleges. This provided well-educated working force for the industries that needed engineers and people with managing skills. Also, cheap oil helped the US to advance in science and technology (Miller & Nowak, 1977, p. 118)
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