Before The Golden Age

Between 1945 until 1973, America underwent the Golden Age for the middle class. During this period, the country ended a major war and the great depression, which made the financial climate conducive for the middle class. A substantial increase

After the end of World War II, the United States went through many changes. Most of the changes were for the better, but some had an adverse effect on certain population centers. Many programs, agencies and policies were created to transform American society and government.

The American Society could currently be in what is considered a Golden Age with all of the advancements that are being made daily. America is the number one leader in advancements in the modern day. America has been making useful advancements since around the 40s, but in the past decade, americans have been creating so many different things that help out our society, many other countries have been struggling to keep up. America has made many educational, artistic, economic, political, medical, social, humanitarian, and technological advancements in the past decade.

Companies that were going bankrupt months before were now literally begging for labourers and some even suffered from a shortage of workers. This was mainly due to the rapid production levels the country needed to produce military equipment including ammunition and vehicles etc. A short time after the U.S. declaration of war, the unemployment rate dropped a massive ten per cent from its previous amount. After taxes, business profits almost doubled and industrial output increased massively at 96 per cent. Government expenditure also sored dramatically to 53 per cent of GDP at its peak in 1945, in comparison to around 20 per cent of GDP previous to the war. This contributed to business recovery and gave companies the kick start they needed. Due to productivity doubling, consumer goods also expanded. The war consumed one third of industrial output and this ensured a constant supply of goods, the U.S being the only country with a significant rise in supply despite rationing. Wages also rose 50 per cent higher by 1944, this was a combination of over-time pay and wage increases etc.

The economy grew more than 400% between 1860 and 1900. There was many things that helped the economy grow. We had technological advances, an expanding population, and transportation improved. John Rockefeller, Andrew Carnegie, and J.P. Morgan were considered “titans of industry”. Together they build monopolies and revolutionized business practices.

The increasing number of factories led to more and easier jobs (doc. 4). According to document 4, due to the large amounts of machines, working was made easier. This was a positive impact because many people from the working-class got jobs working on the machines which meant people in the working class who didn't previously have jobs now could work in factories.

The War of 1812 interrupted trade and many Americans had to make the goods that they had formerly imported. Many of these goods had to be made at homes by small families. Domestic goods were more expensive and took more time to make because only a small amount of people made them one item at a time. The rise of factories came to the United States as a result of the War of 1812. Factories would produce many goods at a faster rate and would have cheaper prices compared to domestic

A war time economy in the United States has proven to be a way to bring the people of America together, boost the economy, and inspire nationalism. The War of 1812 did much to follow this trend. By shutting off trade with Great Britain for a few years, United States ' manufacturers were able to establish their industries and develop a dependency from the people of America. In these ways, the War of 1812 helped create a scenario that allowed the United States to proliferate following the war. The United States grew following War of 1812 due to innovations in transportation, the role of the federal government, and industrialization in the developing market.

some issues raised by the war and it effected the long term growth of the

Firstly, the textile was at that time the most demanding industry. The quality of life had increased and the number of population as well. Therefore, the

Almost one hundred and fifty years after the birth of the United States of America, the country and its people stepped unabashed into the modern age. Following years of gloom and war, the public desired change. Though it took some years after the close of World War 1, the United States began to evolve. With high tariffs, federal tax cuts, and the increase of mass production among other things, America’s economy began to grow rapidly. Economic growth occurred simultaneously with social and cultural growth and these factors brought WW1 America toward the modern age.

Transportation was improved. New forms of transportation included steam power, improved roads, railroads, bridges, canals and ships. These new improved mean of transportation allowed people to travel cross country and to ship goods to new markets in a matter of days as opposed to months. The railroads eventually became the nation’s number one transportation system, and remained so until the construction of the interstate highway halfway during the Twentieth century. The late 19th century belonged to the railroads. They were of crucial importance in stimulating economic expansion (American History).

What also allowed these economies to grow was the generational boom that occurred after the war. This growth in population was essentially birthing consumerism. With a larger populous more consumption will occur. This also allowed for more work to be done.

World War II brought the US out of this period of slow growth. The military needed tanks, planes, guns, and everything else needed for the war effort. People were either back to work or overseas fighting. Production and growth rates reached new highs.

Many people had new fortunes from the war which saw mass redistribution of wealth. Improved communications between countries meant the