Introduction
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The victory before the Second World War, five years, the United States in 1950 were to benefit from the advantages of a growing economy - benefits that were actually derived from the participation of the country to war. The destruction and chaos brought by World War also brought with it many positive contributions to the economy. Some even argue that the country's participation in World War II actually saved from the Great Depression.
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Aunderstanding of the economic boom years of 1950, it is necessary, the positive effects that have been worn by World War II to appreciate. The foundation for economic expansion and growth experienced in 1950 and some years later were laid during the Second World War.
Economic condition of the United States in 1950
To fund and support the country's war effort was to recruit millions of American soldiers being sent to the front, and are stationed at home. Factories had to be built for the production of war material - weapons andAmmunition, military vehicles, tanks, fighter planes and bombers, etc. For people who had factories and older women, like most able-bodied men had enlisted in the war. World War II created jobs and gave birth to many industries and the power of a nation. Among the industries that flourished during and immediately after the war, the newspaper industry, agriculture and Hollywood. Industry machinery, transport and construction also produces prosperity. During the warWomen, for the first time, has had the opportunity to work outside their homes and contribute to building a nation where. The participation of women in the labor force began to increase during this period. The war also the opportunities that occur later in 1950 would be made available. Take, for example, many American products abroad - to provide new markets. Many had feared that he would actually end the war caused the depression back country. WithProduction of military supplies had to end, this fear of their base - for the whole economy has been supported by everyone who had anything to do with World War.
Fortunately this was not the case. The victory brought it enjoys the confidence in the nation's government and economy. Consumer confidence as common as this is more exposed to strong consumer demand led economic growth after the war. Leading to, 1950 industries that experienced a growth spurtincluding the automotive and housing industry, industry experts and new births fantastic - sectors such as aviation and electronics. There was another result of the Second World War, the post-war growth have contributed - the Cold War between USA and USSR Many of the armaments industry, which sprouted during the war remains a big business, having to do it. Emerged as a military power as the communist bloc in Europe, America had against what he considered poora threat. Major investments in the defense of the country. These investments are at work, the factories, the huge costs - contributed to the boom year of 1950. The country's economic success will affect their leaders to represent the replication of an economy open to international level. This is best demonstrated by the country's pioneer in the creation of the International Monetary Fund and World Bank. Gross domestic product and GDP per capita InIn 1950, the country's GDP at $ 293.8 billion (at current prices and exchange rates). At that time, GDP per capita $ 9,573.00 - the United States, the world's number one do in this aspect. In 1996, GDP was $ 13.194 trillion. GDP per capita is $ 43,800.00 - but the country ranks 10 globally unique place in this regard. Post World War II scenario showed that the economies of the few to survive the war, while a large majority, has been particularly hit in Europe. ManyDevelopments after the end of 1970 enabled the early 2000's, other countries in the United States in terms of GDP per capita to overcome. It affected the GDP per capita of the population, were countries that had significant economic growth coupled with slow
Birt h able to overtake the United States in this indicator. However, the U.S. remains the most powerful economy in 2007, taking into account other indicators. Employment and unemployment In 1950, the civilian labor forcewas strong with 58 million. Only 5.3 percent of the workforce unemployed. 41.6 million labor force at that time were men, while only 17.34 million were women. In 1996, the workforce has grown by about 142 million, while unemplo
ymen t rate to 5 percent. 76 million were men and 66 million women in the workforce. In 1950, the number of employees in service began with workers in the production of goods sector. At the same time was also increasedwhite-collar jobs and the strengthening of unions. Of awareness of labor rights was on a hill. The biggest impact felt by workers, has been the increasing participation of women in the world of work. As a result, women have literally poured into the labor market since 1950. Until 1990, the participation of women in the workforce would almost double. On the other hand, people would fall in participation over time. Personal income per capita In 1950 the per capita personalCombined profit of $ 1,501.00. In 2006 has grown to about $ 36,600.00. Although dominated by the large difference in height can be determined that $ 1,501.00 in 1950 to more goods and services that may be the $ 36,600 in 2006 to
th e
CPI rates for both years, as indicated by. Consumer Price Index and Inflation With 1967 as base year CPI was recorded in 1950 to 72.1 - which means that a basket of goods and services purchased in 1950, 72.1 percent of the price of those goods and services werepurchased in 1967. By 2006, the CPI was 603.5. This meant that the same goods and services purchased in 1967 would cost 603.5 percent more than in 2006.
ATIO n infl rate in 1950 was a constant 1.09 percent. In
th e 200
6 was 3.24 percent. Emerging Sectors 1950 was the emergence of new industries, which were anchored on new technologies. Among these is the aerospace industry. The great success of the heavy bombers during the war, stressed the valueInnovation. Improvements in engine technology, metallurgy and advanced weapons technology to improve the industry and production processes. The beginning of the Cold War ensured that the industry is to remain. At its peak, the industry has presented hundreds of thousands of workers in four large factories. The sector has been fueled by government spending $ 3 billion. Other sectors that have grown during this period were reinforced by other industries. Take for example the real estate boomlived after the war. New houses have furniture and appliances and new cars. The growth of consumption is widespread in other areas. The introduction of television to the masses stimulated growth in the electronics industry.
There were even after the effects of growth in the sector. As the demand for houses and cars increased, many Americans were lured inside by the central city to the suburbs. The construction of better highways has contributed to these phenomena.
Farmers, however, werefacing difficult times. As people left, people were less arable land back to agricultural work to do. This has led to a decline in productivity in the agricultural sector led. The innovation and business transformation On a personal level, 1950 saw the introduction of the first edition hand TV remote control - a device that could be seen as a necessity in many families for years to come. Color TV and resulted from the granting of a license for the CBS network. Another innovation is the introduction ofthe first credit card - Diners Club - an element that will come upon a necessity in today's world. The pager was first developed in 1950. In front of the store, 1950, a period of consolidation of large companies would be sealed. The companies that merge to create large, strong company. International Telephone and Telegraph, for example, bought Sheraton Hotels, Continental Banking, Hartford Fire Insurance, Avis Rent-a-Car and other companies. And significant eventsPersonality Important events in 1950 include: Start the Korean War - most of the United States and the USSR on opposite sides, North and South Korea have an impact in a tangle of three years of war that has highlighted the tension during the Cold War regime. The development of the hydrogen bomb - the atomic bomb testing by the USSR was raging, the government has pursued the development of a hydrogen bomb. Senator Joseph McCarthy - Red Scare began in the halls of the U.S. Senate - doAllegations that the State Department was full of communists or their sympathizers. The senator campaigns led to the adoption of the term McCarthyism - describes an intense anti-communist sentiment. This period has been heated and the beginning of the Cold War between America and the USSR. Thousands of Americans were accused of communist sympathizers or accused during this period - the Americans in various sectors of
soc iety. Toria H then judge these allegations asreckless and without foundation. While Senator McCarthy gained a lot of media mileage at the beginning of his "campaign", was later exposed as old showman who had little or no evidence for his accusations. Many of the people, Senator McCarthy charged immediately. Many had lost their jobs, their careers ruined, while some have even been imprisoned unjustly. Completion The end of World War II led to the end of the world economic crisis and the beginning of a long period ofeconomic expansion through 1950. And 'quite ironic that the most destructive as
in w h tory would help bring out the strongest economy and largest in the world. Confidence in the economy was apparently brought the country to win the war. Tempered by the close collaboration between government, business and consumer confidence, the U.S. emerged strengthened from the war and much cheaper. Industrial expansion has led in time of wareconomic stimulus that will be executed after the Second World War. The fact that the major economies have brought only slowly from the consequences of the conflict back into circulation, the United States in absolute and relative advantages of both his allies and his enemies.
Economic condition of the United States in 1950
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