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U.S. declared richest country in the world. Postwar period the United states consolidated this position.
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Workers found their own lives changing as industrial america changed.
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Post world war II america waited expectantly for the United States to suffer a postwar economic collapse. The recession came in the third quater of 1948
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Women began to work, supporting their families and building careers for themselves.
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1950`s unemployment and inflation remained low from the recession.
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Increased government spending. The most critical economic problem of late 1953 was a sluggish economy
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A majority of america held white-collar jobs , working as corporate managers, salespersons, and office empolyees.
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Many firms granted and guaranteed annual wage, long term employmentcontracts and many toher benefits.
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farmers faced hard times, Gains in productivety led to consolidation, as farming became a big business. Family farms in turn found it harder to compete and more families left town.
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The economy turned sharplu=y downward in the summer of 1957 and reached its low point in the spring of 1958
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The total number of empoyed americans increased by 18%
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gradual growth led to the U.S. being at peak economic strength in te early 1960s