What Were the Fundamental Causes of the Spectacular Prosperity of the United

question 88

Essay

What were the fundamental causes of the spectacular prosperity of the United States in the decades immediately after World War II? To what extent was the economic boom a result of factors internal to the United States, and to what extent was it a result of the devastation of much of Europe and Asia?

---

Definitions:

Significant Influence

Significant influence refers to the power to participate in the financial and operating policy decisions of an investee without having full control or joint control.

Control

In management and accounting, Control refers to the processes, policies, and procedures implemented by an organization to ensure its objectives are met, including accuracy of financial reporting and compliance with laws.

Investment in Associates

An investment in another company where the investor has significant influence, typically reflected by ownership of 20% to 50% of voting stock.