Roots of Postwar Prosperity

10. What caused the unprecedented economic explosion beginning in the late 1940's and 1950's?
The economic explosion in the 40's and 50's had been caused by World War Two.


11. What was ominous about the glittering prosperity of the 1950's and 1960's? What sorts of industries were helped by this?
The prosperity of the 50's and 60's had relied on large military budgets. The aerospace, plastic, and electronic industries were helped by this.





12. What else fed the economic boom? What made it cheap at the time?
Cheap energy had also fed the economic boom. It was cheap because the US (along with Europe) had controlled Middle Eastern petroleum. The US was able to double its consumption of oil and could create more roads for cars.


And now here's Sam!