From 1950 to 1960, Americans experienced a period of
A) high unemployment.
B) a rising standard of living.
C) decreased production.
D) a decline in gross domestic product.
E) decreased economic activity.

Question

Quizplus · Accepted Answer

The period between 1950 and 1960 is often referred to as the "Golden Age of Capitalism" in the United States, characterized by a substantial increase in the standard of living. The country experienced a sustained period of economic growth, high employment rates, and rising incomes for the middle class. This was largely due to factors such as post-war economic expansion, technological advancements, and the baby boomer generation entering the workforce.

From 1950 to 1960, Americans Experienced a Period of