Post-World War II Economic Boom

The Post-World War II Economic Boom, also known as the "Golden Age of Capitalism," was a period roughly from 1945 to the early 1970s when many Western countries experienced rapid economic growth. This was driven by increased consumer demand, technological advancements, government investments in infrastructure, and policies promoting full employment. As nations recovered from wartime destruction, they expanded industries, created jobs, and improved living standards. This era saw widespread prosperity, rising incomes, and advances in science and technology, setting the stage for sustained economic growth and modernization in the post-war world.