Government and Economy After WWII Term Paper by Top Papers

Government and Economy After WWII
A look at the American economy and government monetary policy after World War II.
# 134385 | 1,000 words | 4 sources | APA | 2007 | US


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Description:

The paper discusses how the American economy shifted after World War II, going first from a wartime economy to a civilian economy, tempered somewhat by the needs of the developing Cold War. The paper relates that modern radical and liberal economists have identified important problems with post-World War II capitalism, though they differ in their interpretation of the causes and in the solutions they offer. The paper then describes how after World War II, the governments of the West were forced to expand their economic role dramatically, and the war effort itself showed how much government could do to stimulate the economy.

From the Paper:

"The American economy shifted after World War II, going first from a wartime economy to a civilian economy, tempered somewhat by the needs of the developing Cold War. Modern radical and liberal economists have identified important problems with post-World War II capitalism, though they differ in their interpretation of the causes and in the solutions they offer. After World War II, the governments of the West were forced to expand their economic role dramatically, and the war effort itself showed how much government could do to stimulate the economy. However, once the war was ended, the possibility of a return to Depression conditions was seen, and most governments took strong measures to assure prosperity."

Cite this Term Paper:

APA Format

Government and Economy After WWII (2007, December 01) Retrieved December 02, 2022, from https://www.academon.com/term-paper/government-and-economy-after-wwii-134385/

MLA Format

"Government and Economy After WWII" 01 December 2007. Web. 02 December. 2022. <https://www.academon.com/term-paper/government-and-economy-after-wwii-134385/>

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