Baby Boom: returning servicemen came home to their wives or girlfriends which resulted in an explosion of births. 56 million babies were born between 1945-1960 which profoundly affected the nation’s social institutions and economic life in the last half of the 20th century.
GI Bill (Servicemen’s Readjustment Act of 1944)- helped returning veterans earn college degrees, train for vocations, and support young families by providing housing through government backed loans at low interest rates *
Increased consumption and low inflation and unemployment.
Growth of agriculture and business due to increase in population and income.
The expansion of economic opportunities led to an expansion of the middle class, the development of an interstate highway system, and the growth of the suburbs. *