The United States had tremendous opportunities after World War
II. The nation's industrial might, geared to defeat Germany and
Japan, could now be focused on domestic production. Real wages were
up, the GNP was on the rise, industrial production was up, and
inflation was under control. The future looked bright for the
average American. But this abundance was punctuated with anxiety.
Within four years of the end of the war, the Soviet Union had
become the new enemy: they had the bomb and China and Eastern
Europe had fallen into the Soviet sphere of influence. These two
points, the abundance of the growing economy and the anxiety of the
Cold War, defined the period from 1945-1960.
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