I just can’t understand how the Golden Age in USA emerged after the World War 2. Although they “won” the war, they spent billions of dollars on their military and on the Marshall plan to assist and to restore the economic infrastructure of many countries in Europe.
EDIT: There are some comments mentioning that the USA didn’t get bombed during the WW2. I know that, but USA has never gotten bombed. Why did it happen right after the WW2 and not later?
In: Economics
>EDIT: There are some comments mentioning that the USA didn’t get bombed during the WW2. I know that, but USA has never gotten bombed. Why did it happen right after the WW2 and not later?
It’s not simply that the USA didn’t get bombed, it’s that Europe did. WWII decimated most if not all of the pre-WWII world powers which were in Europe (and Japan). It made the USA one of the only places that could still produce at scale since the infrastructure was unharmed by war.
It also created a huge power vacuum which immediately got filled by both the US and the USSR which directly led to the cold war.
When you’re one of the last men standing, you tend to do very well economically while everyone else is just trying to survive and recover.
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