Tuesday, May 28, 2013

Postwar America 1950's

What was the US economy like during WWII? How were Americans doing?- The economy during WWII was not so great because Americans had to ration and save every little bit of resources they had. After WWII, Americans prospered. They focused on jobs, families, and advances in technology.

How did the American economy transform after the Great Depression and WWII? 
-Businesses expanded rapidly. White-collars, the people who worked as managers and such, were higher paid than those of the blue-collared, people who labored and made goods.
-Franchises were highly successful. For example, McDonald's was so successful that today there are more than 140,000 franchises in more than dozens of countries.

Why would a company like Google not do well in the 1950's?
-Businesses did not want anything that did not fit to standards. With Google, a company that wants to create new, innovative ideas, would not prosper as much.

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