Golden Age Of Capitalism Dbq

The 1930’s was a time of devastation for the US economy and for people around the world. The great depression affected many people. Millions lost their jobs and were left homeless. Unemployment was at an all time high. Families lost their homes and had no source of income. This all changed when World War II broke out. When the war started in the 1940’s, thousands were presented with the opportunity to find jobs in the military. After thousands of men left to fight the war, tons of new jobs opened up, and women took their place in the workplace. The american economy also had a massive improvement. GDP rates increased, and the rate of profit was at an all time high. The war got the United States out of the great depression and helped …show more content…
America was now seen as a superpower, along with other powerful nations such as Britain, USSR, and France. The massive population increase seen in this decade also helped to improve the strength of the nation and its economy. This time period was widely known as the “Golden Age of Capitalism” . The recent increase in population in the cities, lead to the development of urban housing in the cities surroundings. This created a very strong middle class and resulted in private businesses prospering. With cities filling up, people moved west to seek fame and fortune. Thousands of aspiring actors and show businessmen populated the west and created opportunities for new markets and businesses. During this time tv was starting to make its mark in the culture of the United States. The US would also prosper in the National economy, as well as the capitalist, and business side. The rate of profit increases from .15 in the late 30’s to .35 in the early 50’s. Advancements in science and in mathematics also was a direct result of the economic boom after the war. NASA started to develop new ideas for space travel and started to discover new things about the universe. The explosion of the American economy was a major reason why we won the cold war. We had the money to spend on research and to fund a national space program that would one day send two american astronauts to the moon. World War II helped to thrust the US into a golden age and to establish the nation as a

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