Post-World War II Economic Boom

Definition

This refers to a period of strong economic growth experienced by many industrialized countries after World War II until about 1973. It was characterized by increased consumer spending, technological innovation, suburbanization among other factors.

Related terms

Baby Boomers: This term refers to people born during post-WWII baby boom between 1946-1964 when there was an unusual spike in birth rates due to improved economic conditions.

Suburbanization: This is a population shift from central urban areas into suburbs resulting in formation of (sub)urban sprawl.

Consumerism: This is a social and economic order that encourages the acquisition of goods and services in ever-increasing amounts.