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
> 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?
Because everybody else got bombed? It’s not that complicated
Everything above, but also the war happened quite soon after FDR refurbished the US economy with the New Deal, which also helped prime things to look rather good after the war.
>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?
To address this specifically, before WW2, Europe had a lot of factories and businesses that would have directly competed with the U.S in a newly globalized economy. After WW2, most of those factories and businesses were bombed out, defunct, or had very few/no workers due to the casualties from the war.
Compared to the difficulties with Europe, the U.S had lost almost no capital from the war effort, had plenty of people still available to work in its factories, and its industries, factories, and businesses were thriving after being paid by the government to produce goods for the war. With Europe rebuilding itself, the U.S economy had almost no competition in the global marketplace and we made a killing.
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