Explain the American economy’s rapid growth in the 1950s.
What will be an ideal response?
Answer: The ideal answer should include:
1. Two long-term factors accounted for the economy’s upward surge.
2. American consumers were able to release pent-up demand that had been held in check by the Depression and wartime scarcities.
3. Cold War spending gave the economy additional stimulus.
4. The growth of suburbia increased demand for cars, home appliances, and electronics.
5. Business and industry further increased consumption of new electronic devices.
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