The Ending of the Post War Boom World War II had caused the expansion of U.S. industrialization and also it had changed the U.S. corporations into a new global economy scale. The war had brought America in return a huge increase in its prosperity. In the U.S. society, most people believed in that big business and government can do just about everything. The period between 1948 to 1973 had been called the ˇ§long boomˇ¨ or the ˇ§postwar boomˇ¨. This period consolidated the United Statesˇ¦ position as the richest country in the world. At the end, the 1973ˇ¦s oil shock had ended this ˇ§long boomˇ¨ of economy growth. The new technologies and new scientific management had caused industrialized businesses increased their productivity and more efficiency, in turns of production. After the war, these caused big businesses expan....

Number Of Pages: 5

Number Of Words: 1122

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