In the periods 1953-73 and 1973-95, U.S. real GDP grew at the average annual rates of about

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During the period 1953-73, the U.S. experienced a period of relatively high economic growth, often attributed to the post-World War II boom, with an average annual real GDP growth rate of about 3.6%. In contrast, the period from 1973-95 saw a slowdown in economic growth, with an average annual real GDP growth rate of about 2.8%. This slowdown can be attributed to a variety of factors, including the oil crises of the 1970s and a general shift towards a service-based economy.

In the Periods 1953-73 and 1973-95, U