Australia had a huge sustained boom from the late 1940s through to 1970s, which was also aided by the Korean war. The boom tapered off with the oil shocks and stagflation of the early-to-mid 1970s
The UK also had a boom, recovering from rationing into the 1950s they joined the global long boom until the 1970s but yes it was not as strong as other countries booms due to the damage and cost of the war
Harold Macmillan’s famous 1957 line “you’ve never had it so good” sums it up pretty well
Europe had a massive boom known as the golden age of capitalism, nfi what you are talking about
The United States, the Soviet Union, Australia and Western European and East Asian countries in particular experienced unusually high and sustained growth, together with full employment.
That was the time after WW2. Of cause the economy does a lot better, when you do not bomb out cities and kill millions. That could have happened earlier, without the war and everybody would have been better of.
Australia had a huge sustained boom from the late 1940s through to 1970s, which was also aided by the Korean war. The boom tapered off with the oil shocks and stagflation of the early-to-mid 1970s
The UK also had a boom, recovering from rationing into the 1950s they joined the global long boom until the 1970s but yes it was not as strong as other countries booms due to the damage and cost of the war
Harold Macmillan’s famous 1957 line “you’ve never had it so good” sums it up pretty well
Europe had a massive boom known as the golden age of capitalism, nfi what you are talking about
https://en.wikipedia.org/wiki/Post–World_War_II_economic_expansion
That was the time after WW2. Of cause the economy does a lot better, when you do not bomb out cities and kill millions. That could have happened earlier, without the war and everybody would have been better of.