Economics

The economies of Japan and the United States of America1 . The force out of World War II saw the beginnings of the nippy War and the scrape up of the United States as the biggest scotch power on the face of the Earth . The rapid harvest-tide of the post war US economy is topper shown by the figure below (Figure 1 . We could also hold that the GDP per capita of the United States has kept pace with its economic growthIt is elusive to pinpoint an exact strategy for America s economic growth for the past 50 age . Aside from the many contingent factors American economic strategy also tends to change with the measure and with the different administrations that come and go into office . One matter that has remained constant during the many US Presidents and their strategies are the drivers for US economic production . These driver include government (and military ) expense , public consumption and foreign trade . These drivers give a picture of the US economy as that of a Keynesian economy , a state where the private and public sphere each play an important role in the economyThe end of World War II brought qualms that government spending would sluggish down with the end of the War . However , the subsequent rise of the USSR as a global power and the birth of the Cold War have kept military spending at an elevated level even during peacetime . The cold war ensured that the military-industrial multiform as referred to by President Eisenhower remained a strong reader to the US economy ( The U .S . thrift : A instruct HistoryConsumer spending is another tonality to the postwar growth of the US economy . Returning GIs from foreign lands sparked a housing yowl domestically . Housing demand paved the way for the outgrowth of suburbia with Americans moving into mass produced single family homes .

A key investment of the government that paid off was spending 26 Billion for the Highway Act of 1956 . The construction of more than 64 ,000 kilometers of roads linked together the cities and suburbs , improving trade and the e getation of the cities into suburban towns . Lastly another factor for the strong postwar consumer spending would be the increase in the US race thanks to the postwar baby boom ( The Postwar Economy : 1945-1960The labor landscape of the US also saw a major shift in the post war years , one of the signs for a shift of the economy from a manufacturing base one to one that is service oriented . By 1956 , in that location were more white collar workers than blue collar workers ( The U .S . Economy : A Brief History ) The shift to a white collar economy meant a change in values , from manufacturing to a knowledge- ground industry which yields more value compared to skid labor . This trend has continued to this day with most American companies just opting to have their goods manufactured overseas where wage and labor costs are cheaperThe shift to a knowledge based economy has proven to...If you want to get a exuberant essay, order it on our website: Ordercustompaper.com

If you want to get a full essay, wisit our page: write my paper