The post war boom, or the ‘golden age’ as it is commonly referred to, signified the large levels of economic growth from the end of the Second World War until around 1973, at least for countries in the west. It is evident that industrialised western countries experienced a boom, with the social wage steadily growing throughout the 50s and 60s, historically low levels of unemployment/poverty, and this period marking an improvement in ‘social capabilities’ for growth (Abramovitz, 1986). This essay…
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