Refers to the economic conditions and trends that emerged after the end of World War II. It was characterized by rapid economic growth, increased consumerism, technological advancements, and expansion of industries.
Related terms
Baby Boom: A significant increase in birth rates that occurred in Western countries after World War II due to returning soldiers starting families.
G.I. Bill: Legislation passed in 1944 that provided benefits such as education assistance and low-cost mortgages for veterans returning from war.
Suburbanization: The migration of people from urban areas to newly developed suburban neighborhoods, fueled by increased homeownership and the expansion of transportation networks.