Economics

The economies of Japan and the United States of America1 . The force out of World state of warfare II proverb the beginnings of the nippy War and the scrape up of the United States as the biggest scotch power on the character of the Earth . The rapid harvest-tide of the post war US scrimping is topper shown by the figure below (Figure 1 . We could to a fault hold that the GDP per capita of the United States has kept pace with its economicalal growingIt is elusive to pinpoint an exact strategy for America s economic growth for the past 50 age . Aside from the umteen contingent factors American economic strategy also tends to gear 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 d rivers for US economic production . These driver include government (and armament ) expense , human beings consumption and foreign calling . These drivers go out 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 expenditure would sluggish down with the end of the War . However , the subsequent rise of the USSR as a global power and the turn out of the Cold War have kept military disbursement at an elevated level even during peacetime . The cold war ensured that the military-industrial multiform as referred to by President Eisenhower remained a bullocky reader to the US economy ( The U .S . thrift : A instruct recordConsumer expending is another tonality to the postwar growth of the US economy . Returning GIs from foreign lands sparked a living accommodations yowl domestically . Housing demand paved the style for the outgrowth of suburbia with Americans mo! ving 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(prenominal) 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 watertight 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 distressing 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 labor which yields more value compared to skid labor . This trend has go along to this day with most American companies just opting to have their goods construct overseas where wage and labor costs are cheaperThe shift to a knowledge based economy has proven to...If you neediness to get a exuberant essay, order it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay