page_title: Post–World War II economic expansion
hierarchical_section_title: Post–World War II economic expansion
caption_attribution_description: Suburban development in a northeastern section of Colorado Springs, Colorado, looking largely eastward. The four-lane highway is Charlotte Parkway; Anna Lee Way joins it at the top center and Jackpot Drive at the far left. At the bottom center is Naturita Trail; the coordinates are for the spot midway between the two culs-de-sac, Malachite Court (near) and Ophir Court (far).
context_page_description: The post–World War II economic expansion, also known as the golden age of capitalism and the postwar economic boom or simply the long boom, was a broad period of worldwide economic expansion beginning after World War II and ending with the 1973–1975 recession. The United States, Soviet Union, Western European and East Asian countries in particular experienced unusually high and sustained growth, together with full employment. Contrary to early predictions, this high growth also included many countries that had been devastated by the war, such as Japan, West Germany and Austria, South Korea, Belgium, France, Italy and Greece. Even countries that were relatively unaffected by the war such as Sweden experienced considerable economic growth.
context_section_description: The post–World War II economic expansion, also known as the golden age of capitalism and the postwar economic boom or simply the long boom, was a broad period of worldwide economic expansion beginning after World War II and ending with the 1973–1975 recession. The United States, Soviet Union, Western European and East Asian countries in particular experienced unusually high and sustained growth, together with full employment. Contrary to early predictions, this high growth also included many countries that had been devastated by the war, such as Japan (Japanese economic miracle), West Germany and Austria (Wirtschaftswunder), South Korea (Miracle on the Han River), Belgium (Belgian economic miracle), France (Trente Glorieuses), Italy (Italian economic miracle) and Greece (Greek economic miracle). Even countries that were relatively unaffected by the war such as Sweden (Record years) experienced considerable economic growth.
caption: In the United States and several other countries, the boom was manifested in suburban development and urban sprawl, aided by automobile ownership
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