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</div> </a> <ul id="toc-Global_economic_climate-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Causes" class="vector-toc-list-item vector-toc-level-1"> <a class="vector-toc-link" href="#Causes"> <div class="vector-toc-text"> <span class="vector-toc-numb">3</span> <span>Causes</span> </div> </a> <button aria-controls="toc-Causes-sublist" class="cdx-button cdx-button--weight-quiet cdx-button--icon-only vector-toc-toggle"> <span class="vector-icon mw-ui-icon-wikimedia-expand"></span> <span>Toggle Causes subsection</span> </button> <ul id="toc-Causes-sublist" class="vector-toc-list"> <li id="toc-Productivity" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Productivity"> <div class="vector-toc-text"> <span class="vector-toc-numb">3.1</span> <span>Productivity</span> </div> </a> <ul id="toc-Productivity-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Keynesian_economics" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Keynesian_economics"> <div class="vector-toc-text"> <span class="vector-toc-numb">3.2</span> <span>Keynesian economics</span> </div> </a> <ul id="toc-Keynesian_economics-sublist" class="vector-toc-list"> <li id="toc-Infrastructure_spending" class="vector-toc-list-item vector-toc-level-3"> <a class="vector-toc-link" href="#Infrastructure_spending"> <div class="vector-toc-text"> <span class="vector-toc-numb">3.2.1</span> <span>Infrastructure spending</span> </div> </a> <ul id="toc-Infrastructure_spending-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Military_spending" class="vector-toc-list-item vector-toc-level-3"> <a class="vector-toc-link" href="#Military_spending"> <div class="vector-toc-text"> <span class="vector-toc-numb">3.2.2</span> <span>Military spending</span> </div> </a> <ul id="toc-Military_spending-sublist" class="vector-toc-list"> </ul> </li> </ul> </li> <li id="toc-Financial_repression" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Financial_repression"> <div class="vector-toc-text"> <span class="vector-toc-numb">3.3</span> <span>Financial repression</span> </div> </a> <ul id="toc-Financial_repression-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Wealth_redistribution" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Wealth_redistribution"> <div class="vector-toc-text"> <span class="vector-toc-numb">3.4</span> <span>Wealth redistribution</span> </div> </a> <ul id="toc-Wealth_redistribution-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Low_oil_prices" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Low_oil_prices"> <div class="vector-toc-text"> <span class="vector-toc-numb">3.5</span> <span>Low oil prices</span> </div> </a> <ul id="toc-Low_oil_prices-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-International_cooperation" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#International_cooperation"> <div class="vector-toc-text"> <span class="vector-toc-numb">3.6</span> <span>International cooperation</span> </div> </a> <ul id="toc-International_cooperation-sublist" class="vector-toc-list"> <li id="toc-Institutional_arrangements" class="vector-toc-list-item vector-toc-level-3"> <a class="vector-toc-link" href="#Institutional_arrangements"> <div class="vector-toc-text"> <span class="vector-toc-numb">3.6.1</span> <span>Institutional arrangements</span> </div> </a> <ul id="toc-Institutional_arrangements-sublist" class="vector-toc-list"> <li id="toc-US_Council_of_Economic_Advisers" class="vector-toc-list-item vector-toc-level-4"> <a class="vector-toc-link" href="#US_Council_of_Economic_Advisers"> <div class="vector-toc-text"> <span class="vector-toc-numb">3.6.1.1</span> <span>US Council of Economic Advisers</span> </div> </a> <ul id="toc-US_Council_of_Economic_Advisers-sublist" class="vector-toc-list"> </ul> </li> </ul> </li> </ul> </li> </ul> </li> <li id="toc-Specific_countries" class="vector-toc-list-item vector-toc-level-1"> <a class="vector-toc-link" href="#Specific_countries"> <div class="vector-toc-text"> <span class="vector-toc-numb">4</span> <span>Specific countries</span> </div> </a> <button aria-controls="toc-Specific_countries-sublist" class="cdx-button cdx-button--weight-quiet cdx-button--icon-only vector-toc-toggle"> <span class="vector-icon mw-ui-icon-wikimedia-expand"></span> <span>Toggle Specific countries subsection</span> </button> <ul id="toc-Specific_countries-sublist" class="vector-toc-list"> <li id="toc-Belgium" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Belgium"> <div class="vector-toc-text"> <span class="vector-toc-numb">4.1</span> <span>Belgium</span> </div> </a> <ul id="toc-Belgium-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-France" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#France"> <div class="vector-toc-text"> <span class="vector-toc-numb">4.2</span> <span>France</span> </div> </a> <ul id="toc-France-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Italy" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Italy"> <div class="vector-toc-text"> <span class="vector-toc-numb">4.3</span> <span>Italy</span> </div> </a> <ul id="toc-Italy-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Japan" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Japan"> <div class="vector-toc-text"> <span class="vector-toc-numb">4.4</span> <span>Japan</span> </div> </a> <ul id="toc-Japan-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Soviet_Union" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Soviet_Union"> <div class="vector-toc-text"> <span class="vector-toc-numb">4.5</span> <span>Soviet Union</span> </div> </a> <ul id="toc-Soviet_Union-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Sweden" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Sweden"> <div class="vector-toc-text"> <span class="vector-toc-numb">4.6</span> <span>Sweden</span> </div> </a> <ul id="toc-Sweden-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-United_Kingdom" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#United_Kingdom"> <div class="vector-toc-text"> <span class="vector-toc-numb">4.7</span> <span>United Kingdom</span> </div> </a> <ul id="toc-United_Kingdom-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-United_States" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#United_States"> <div class="vector-toc-text"> <span class="vector-toc-numb">4.8</span> <span>United States</span> </div> </a> <ul id="toc-United_States-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-West_Germany" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#West_Germany"> <div class="vector-toc-text"> <span class="vector-toc-numb">4.9</span> <span>West Germany</span> </div> </a> <ul id="toc-West_Germany-sublist" class="vector-toc-list"> </ul> </li> </ul> </li> <li id="toc-Effects" class="vector-toc-list-item vector-toc-level-1"> <a class="vector-toc-link" href="#Effects"> <div class="vector-toc-text"> <span class="vector-toc-numb">5</span> <span>Effects</span> </div> </a> <ul id="toc-Effects-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Decline" class="vector-toc-list-item vector-toc-level-1"> <a class="vector-toc-link" href="#Decline"> <div class="vector-toc-text"> <span class="vector-toc-numb">6</span> <span>Decline</span> </div> </a> <ul id="toc-Decline-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-See_also" class="vector-toc-list-item vector-toc-level-1"> <a class="vector-toc-link" href="#See_also"> <div class="vector-toc-text"> <span class="vector-toc-numb">7</span> <span>See also</span> </div> </a> <ul id="toc-See_also-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Notes_and_references" class="vector-toc-list-item vector-toc-level-1"> <a class="vector-toc-link" href="#Notes_and_references"> <div class="vector-toc-text"> <span class="vector-toc-numb">8</span> <span>Notes and references</span> </div> </a> <ul id="toc-Notes_and_references-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Further_reading" class="vector-toc-list-item vector-toc-level-1"> <a class="vector-toc-link" href="#Further_reading"> <div class="vector-toc-text"> <span class="vector-toc-numb">9</span> <span>Further reading</span> </div> </a> <ul id="toc-Further_reading-sublist" class="vector-toc-list"> </ul> </li> </ul> </div> </div> </nav> </div> </div> <div class="mw-content-container"> <main id="content" class="mw-body"> <header class="mw-body-header vector-page-titlebar"> <nav aria-label="Contents" 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mw-first-heading"><span class="mw-page-title-main">Post–World War II economic expansion</span></h1> <div id="p-lang-btn" class="vector-dropdown mw-portlet mw-portlet-lang" > <input type="checkbox" id="p-lang-btn-checkbox" role="button" aria-haspopup="true" data-event-name="ui.dropdown-p-lang-btn" class="vector-dropdown-checkbox mw-interlanguage-selector" aria-label="Go to an article in another language. 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data-title="التوسع الاقتصادي بعد الحرب العالمية الثانية" data-language-autonym="العربية" data-language-local-name="Arabic" class="interlanguage-link-target"><span>العربية</span></a></li><li class="interlanguage-link interwiki-az mw-list-item"><a href="https://az.wikipedia.org/wiki/%C4%B0kinci_D%C3%BCnya_m%C3%BCharib%C9%99sind%C9%99n_sonra_AB%C5%9E-da_iqtisadi_y%C3%BCks%C9%99li%C5%9F" title="İkinci Dünya müharibəsindən sonra ABŞ-da iqtisadi yüksəliş – Azerbaijani" lang="az" hreflang="az" data-title="İkinci Dünya müharibəsindən sonra ABŞ-da iqtisadi yüksəliş" data-language-autonym="Azərbaycanca" data-language-local-name="Azerbaijani" class="interlanguage-link-target"><span>Azərbaycanca</span></a></li><li class="interlanguage-link interwiki-bg mw-list-item"><a href="https://bg.wikipedia.org/wiki/%D0%A1%D1%82%D0%BE%D0%BF%D0%B0%D0%BD%D1%81%D0%BA%D0%B8_%D0%BF%D0%BE%D0%B4%D0%B5%D0%BC_%D1%81%D0%BB%D0%B5%D0%B4_%D0%92%D1%82%D0%BE%D1%80%D0%B0%D1%82%D0%B0_%D1%81%D0%B2%D0%B5%D1%82%D0%BE%D0%B2%D0%BD%D0%B0_%D0%B2%D0%BE%D0%B9%D0%BD%D0%B0" title="Стопански подем след Втората световна война – Bulgarian" lang="bg" hreflang="bg" data-title="Стопански подем след Втората световна война" data-language-autonym="Български" data-language-local-name="Bulgarian" class="interlanguage-link-target"><span>Български</span></a></li><li class="interlanguage-link interwiki-de mw-list-item"><a href="https://de.wikipedia.org/wiki/Nachkriegsboom" title="Nachkriegsboom – German" lang="de" hreflang="de" data-title="Nachkriegsboom" data-language-autonym="Deutsch" data-language-local-name="German" class="interlanguage-link-target"><span>Deutsch</span></a></li><li class="interlanguage-link interwiki-es mw-list-item"><a href="https://es.wikipedia.org/wiki/Edad_de_oro_del_capitalismo" title="Edad de oro del capitalismo – Spanish" lang="es" hreflang="es" data-title="Edad de oro del capitalismo" data-language-autonym="Español" data-language-local-name="Spanish" class="interlanguage-link-target"><span>Español</span></a></li><li class="interlanguage-link interwiki-eu mw-list-item"><a href="https://eu.wikipedia.org/wiki/Kapitalismoaren_urrezko_aroa" title="Kapitalismoaren urrezko aroa – Basque" lang="eu" hreflang="eu" data-title="Kapitalismoaren urrezko aroa" data-language-autonym="Euskara" data-language-local-name="Basque" class="interlanguage-link-target"><span>Euskara</span></a></li><li class="interlanguage-link interwiki-fr badge-Q70893996 mw-list-item" title=""><a href="https://fr.wikipedia.org/wiki/Expansion_%C3%A9conomique_apr%C3%A8s_la_Seconde_Guerre_mondiale" title="Expansion économique après la Seconde Guerre mondiale – French" lang="fr" hreflang="fr" data-title="Expansion économique après la Seconde Guerre mondiale" data-language-autonym="Français" data-language-local-name="French" class="interlanguage-link-target"><span>Français</span></a></li><li class="interlanguage-link interwiki-ko mw-list-item"><a href="https://ko.wikipedia.org/wiki/%EC%A0%84%ED%9B%84_%EA%B2%BD%EC%A0%9C%ED%98%B8%ED%99%A9" title="전후 경제호황 – Korean" lang="ko" hreflang="ko" data-title="전후 경제호황" data-language-autonym="한국어" data-language-local-name="Korean" class="interlanguage-link-target"><span>한국어</span></a></li><li class="interlanguage-link interwiki-id mw-list-item"><a href="https://id.wikipedia.org/wiki/Ekspansi_ekonomi_pasca-Perang_Dunia_II" title="Ekspansi ekonomi pasca-Perang Dunia II – Indonesian" lang="id" hreflang="id" data-title="Ekspansi ekonomi pasca-Perang Dunia II" data-language-autonym="Bahasa Indonesia" data-language-local-name="Indonesian" class="interlanguage-link-target"><span>Bahasa Indonesia</span></a></li><li class="interlanguage-link interwiki-pt mw-list-item"><a href="https://pt.wikipedia.org/wiki/Expans%C3%A3o_econ%C3%B4mica_do_p%C3%B3s-Segunda_Guerra_Mundial" title="Expansão econômica do pós-Segunda Guerra Mundial – Portuguese" lang="pt" hreflang="pt" data-title="Expansão econômica do pós-Segunda Guerra Mundial" data-language-autonym="Português" data-language-local-name="Portuguese" class="interlanguage-link-target"><span>Português</span></a></li><li class="interlanguage-link interwiki-ru mw-list-item"><a href="https://ru.wikipedia.org/wiki/%D0%AD%D0%BA%D0%BE%D0%BD%D0%BE%D0%BC%D0%B8%D1%87%D0%B5%D1%81%D0%BA%D0%B8%D0%B9_%D0%BF%D0%BE%D0%B4%D1%8A%D1%91%D0%BC_%D0%B2_%D0%A1%D0%A8%D0%90_%D0%BF%D0%BE%D1%81%D0%BB%D0%B5_%D0%92%D1%82%D0%BE%D1%80%D0%BE%D0%B9_%D0%BC%D0%B8%D1%80%D0%BE%D0%B2%D0%BE%D0%B9_%D0%B2%D0%BE%D0%B9%D0%BD%D1%8B" title="Экономический подъём в США после Второй мировой войны – Russian" lang="ru" hreflang="ru" data-title="Экономический подъём в США после Второй мировой войны" data-language-autonym="Русский" data-language-local-name="Russian" class="interlanguage-link-target"><span>Русский</span></a></li><li class="interlanguage-link interwiki-sv mw-list-item"><a href="https://sv.wikipedia.org/wiki/H%C3%B6gkonjunkturen_efter_andra_v%C3%A4rldskriget" title="Högkonjunkturen efter andra världskriget – Swedish" lang="sv" hreflang="sv" data-title="Högkonjunkturen efter andra världskriget" data-language-autonym="Svenska" data-language-local-name="Swedish" class="interlanguage-link-target"><span>Svenska</span></a></li><li class="interlanguage-link interwiki-zh mw-list-item"><a href="https://zh.wikipedia.org/wiki/%E4%BA%8C%E6%88%B0%E5%BE%8C%E7%9A%84%E7%B6%93%E6%BF%9F%E5%A5%87%E8%B9%9F" title="二戰後的經濟奇蹟 – Chinese" lang="zh" hreflang="zh" data-title="二戰後的經濟奇蹟" data-language-autonym="中文" data-language-local-name="Chinese" class="interlanguage-link-target"><span>中文</span></a></li> </ul> <div class="after-portlet after-portlet-lang"><span class="wb-langlinks-edit wb-langlinks-link"><a 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</div> </div> <div id="bodyContent" class="vector-body" aria-labelledby="firstHeading" data-mw-ve-target-container> <div class="vector-body-before-content"> <div class="mw-indicators"> </div> <div id="siteSub" class="noprint">From Wikipedia, the free encyclopedia</div> </div> <div id="contentSub"><div id="mw-content-subtitle"><span class="mw-redirectedfrom">(Redirected from <a href="/w/index.php?title=Post-World_War_II_economic_expansion&redirect=no" class="mw-redirect" title="Post-World War II economic expansion">Post-World War II economic expansion</a>)</span></div></div> <div id="mw-content-text" class="mw-body-content"><div class="mw-content-ltr mw-parser-output" lang="en" dir="ltr"><div class="shortdescription nomobile noexcerpt noprint searchaux" style="display:none">Long period of worldwide economic growth following World War II</div> <figure class="mw-default-size" typeof="mw:File/Thumb"><a href="/wiki/File:Suburbia_by_David_Shankbone.jpg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/3/37/Suburbia_by_David_Shankbone.jpg/220px-Suburbia_by_David_Shankbone.jpg" decoding="async" width="220" height="165" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/3/37/Suburbia_by_David_Shankbone.jpg/330px-Suburbia_by_David_Shankbone.jpg 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/3/37/Suburbia_by_David_Shankbone.jpg/440px-Suburbia_by_David_Shankbone.jpg 2x" data-file-width="3264" data-file-height="2448" /></a><figcaption>In the United States and several other nations, the post–<a href="/wiki/World_War_II" title="World War II">World War II</a> boom led to major suburban development and <a href="/wiki/Urban_sprawl" title="Urban sprawl">urban sprawl</a>, aided by increasing automobile ownership and <a href="/wiki/Oil_prices" class="mw-redirect" title="Oil prices">cheap oil</a>, as shown in this suburban development in <a href="/wiki/Colorado_Springs,_Colorado" title="Colorado Springs, Colorado">Colorado Springs, Colorado</a> in March 2008.</figcaption></figure> <figure class="mw-default-size" typeof="mw:File/Thumb"><a href="/wiki/File:Nachkriegsboom.svg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/6/6f/Nachkriegsboom.svg/220px-Nachkriegsboom.svg.png" decoding="async" width="220" height="155" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/6/6f/Nachkriegsboom.svg/330px-Nachkriegsboom.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/6/6f/Nachkriegsboom.svg/440px-Nachkriegsboom.svg.png 2x" data-file-width="850" data-file-height="600" /></a><figcaption><a href="/wiki/Per_capita_GDP" class="mw-redirect" title="Per capita GDP">Per capita GDP</a> of various industrialized countries between 1920 and 1976</figcaption></figure> <p>The <b>post–World War II economic expansion</b>, also known as the <b>postwar economic boom</b> or the <b>Golden Age of Capitalism</b>,<sup id="cite_ref-Oxford_1-0" class="reference"><a href="#cite_note-Oxford-1"><span class="cite-bracket">[</span>1<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-2" class="reference"><a href="#cite_note-2"><span class="cite-bracket">[</span>2<span class="cite-bracket">]</span></a></sup> was a broad period of worldwide <a href="/wiki/Economic_expansion" title="Economic expansion">economic expansion</a> beginning with the <a href="/wiki/Aftermath_of_World_War_II" title="Aftermath of World War II">aftermath of World War II</a> and ending with the <a href="/wiki/1973%E2%80%931975_recession" title="1973–1975 recession">1973–1975 recession</a>.<sup id="cite_ref-Oxford_1-1" class="reference"><a href="#cite_note-Oxford-1"><span class="cite-bracket">[</span>1<span class="cite-bracket">]</span></a></sup> The United States, the Soviet Union and Western European and East Asian countries in particular experienced unusually high and sustained growth, together with <a href="/wiki/Full_employment" title="Full employment">full employment</a>. </p><p>Contrary to early predictions, this high growth also included many countries that had been devastated by the war, such as <a href="/wiki/Japan" title="Japan">Japan</a> (<a href="/wiki/Japanese_economic_miracle" title="Japanese economic miracle">Japanese economic miracle</a>), <a href="/wiki/West_Germany" title="West Germany">West Germany</a> and <a href="/wiki/Austria" title="Austria">Austria</a> (<a href="/wiki/Wirtschaftswunder" title="Wirtschaftswunder">Wirtschaftswunder</a>), <a href="/wiki/South_Korea" title="South Korea">South Korea</a> (<a href="/wiki/Miracle_on_the_Han_River" title="Miracle on the Han River">Miracle on the Han River</a>), <a href="/wiki/Belgium" title="Belgium">Belgium</a> (<a href="/wiki/Belgian_economic_miracle" title="Belgian economic miracle">Belgian economic miracle</a>), <a href="/wiki/France" title="France">France</a> (<a href="/wiki/Trente_Glorieuses" title="Trente Glorieuses">Trente Glorieuses</a>), <a href="/wiki/Italy" title="Italy">Italy</a> (<a href="/wiki/Italian_economic_miracle" title="Italian economic miracle">Italian economic miracle</a>) and <a href="/wiki/Kingdom_of_Greece" title="Kingdom of Greece">Greece</a> (<a href="/wiki/Greek_economic_miracle" title="Greek economic miracle">Greek economic miracle</a>). Even countries that were relatively unaffected by the war such as <a href="/wiki/Sweden" title="Sweden">Sweden</a> (<a href="/wiki/Record_years" title="Record years">Record years</a>) experienced considerable economic growth. </p><p>The boom established the conditions for a larger series of global changes at the height of the <a href="/wiki/Cold_War" title="Cold War">Cold War</a>, including <a href="/wiki/Postmodernism" title="Postmodernism">postmodernism</a>, <a href="/wiki/Decolonisation" class="mw-redirect" title="Decolonisation">decolonisation</a>, a marked increase in <a href="/wiki/Consumerism" title="Consumerism">consumerism</a>, the <a href="/wiki/Welfare_state" title="Welfare state">welfare state</a>, the <a href="/wiki/Space_race" class="mw-redirect" title="Space race">space race</a>, the <a href="/wiki/Non-Aligned_Movement" title="Non-Aligned Movement">Non-Aligned Movement</a>, <a href="/wiki/Import_substitution" class="mw-redirect" title="Import substitution">import substitution</a>, <a href="/wiki/Counterculture_of_the_1960s" title="Counterculture of the 1960s">counterculture of the 1960s</a>, the beginning of <a href="/wiki/Second-wave_feminism" title="Second-wave feminism">second-wave feminism</a>, and a nuclear <a href="/wiki/Arms_race" title="Arms race">arms race</a>. </p> <meta property="mw:PageProp/toc" /> <div class="mw-heading mw-heading2"><h2 id="Timeline">Timeline</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Post%E2%80%93World_War_II_economic_expansion&action=edit&section=1" title="Edit section: Timeline"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>In 2000, economist Roger Middleton wrote that economic historians generally agree that 1950 represented the beginning year of the golden age,<sup id="cite_ref-3" class="reference"><a href="#cite_note-3"><span class="cite-bracket">[</span>3<span class="cite-bracket">]</span></a></sup> while <a href="/wiki/Robert_Skidelsky" title="Robert Skidelsky">Robert Skidelsky</a> states 1951 is the most recognized start date.<sup id="cite_ref-return_4-0" class="reference"><a href="#cite_note-return-4"><span class="cite-bracket">[</span>4<span class="cite-bracket">]</span></a></sup> Both Skidelsky and Middleton have 1973 as the generally recognized end date, though sometimes the golden age is considered to have ended as early as 1970. </p><p>This long-term business cycle ended with a number of events in the early 1970s: </p> <ul><li>the collapse of the <a href="/wiki/Bretton_Woods_monetary_system" class="mw-redirect" title="Bretton Woods monetary system">Bretton Woods monetary system</a> in 1971</li> <li>the <a href="/wiki/Nixon_Shock" class="mw-redirect" title="Nixon Shock">closing of the gold window</a> by President <a href="/wiki/Richard_Nixon" title="Richard Nixon">Richard Nixon</a> as a response to the Bretton Woods collapse</li> <li>the continued growth of <a href="/wiki/International_trade" title="International trade">international trade</a> in manufactured goods, such as automobiles and electronics</li> <li>the <a href="/wiki/1973_oil_crisis" title="1973 oil crisis">1973 oil crisis</a>,</li> <li>the <a href="/wiki/1973%E2%80%9374_stock_market_crash" class="mw-redirect" title="1973–74 stock market crash">1973–74 stock market crash</a>, and</li> <li>the ensuing <a href="/wiki/1973%E2%80%9375_recession" class="mw-redirect" title="1973–75 recession">1973–75 recession</a></li></ul> <p>While this is the global period, specific countries experienced business expansions for different periods; in <a href="/wiki/Taiwan" title="Taiwan">Taiwan</a>, the <a href="/wiki/Taiwan_Miracle" title="Taiwan Miracle">Taiwan Miracle</a> lasted into the late 1990s, for instance, while in France the period is referred to as <i>Trente Glorieuses</i> (Glorious 30 [years]) and is considered to extend for the 30-year period from 1945 to 1975. </p> <div class="mw-heading mw-heading2"><h2 id="Global_economic_climate">Global economic climate</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Post%E2%80%93World_War_II_economic_expansion&action=edit&section=2" title="Edit section: Global economic climate"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <figure class="mw-default-size" typeof="mw:File/Thumb"><a href="/wiki/File:Us_unemployment_rates_1950_2005.png" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/c/c3/Us_unemployment_rates_1950_2005.png/300px-Us_unemployment_rates_1950_2005.png" decoding="async" width="300" height="197" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/c/c3/Us_unemployment_rates_1950_2005.png/450px-Us_unemployment_rates_1950_2005.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/c/c3/Us_unemployment_rates_1950_2005.png/600px-Us_unemployment_rates_1950_2005.png 2x" data-file-width="838" data-file-height="549" /></a><figcaption>In the United States, unemployment fluctuated during the 1950s, but dropped steadily during the 1960s.</figcaption></figure> <p><a href="/wiki/Organisation_for_Economic_Co-operation_and_Development" class="mw-redirect" title="Organisation for Economic Co-operation and Development">OECD</a> members enjoyed real GDP growth averaging over 4% per year in the 1950s, and nearly 5% per year in the 1960s, compared with 3% in the 1970s and 2% in the 1980s.<sup id="cite_ref-5" class="reference"><a href="#cite_note-5"><span class="cite-bracket">[</span>5<span class="cite-bracket">]</span></a></sup> </p><p>Skidelsky devotes ten pages of his 2009 book <i><a href="/wiki/Keynes:_The_Return_of_the_Master" title="Keynes: The Return of the Master">Keynes: The Return of the Master</a></i> to a comparison of the golden age to what he calls the <a href="/wiki/Washington_Consensus" title="Washington Consensus">Washington Consensus</a> period, which he dates as spanning 1980–2009 (1973–1980 being a transitional period):<sup id="cite_ref-return_4-1" class="reference"><a href="#cite_note-return-4"><span class="cite-bracket">[</span>4<span class="cite-bracket">]</span></a></sup> </p> <table class="wikitable sortable"> <tbody><tr> <th>Metric</th> <th>Golden Age</th> <th>Washington Consensus </th></tr> <tr> <td>Average global growth</td> <td>4.8%</td> <td>3.2% </td></tr> <tr> <td>Unemployment (US)</td> <td>4.8%</td> <td>6.1% </td></tr> <tr> <td>Unemployment (France)</td> <td>1.2%</td> <td>9.5% </td></tr> <tr> <td>Unemployment (Germany)</td> <td>3.1%</td> <td>7.5% </td></tr> <tr> <td>Unemployment (Great Britain)</td> <td>1.6%</td> <td>7.4% </td></tr></tbody></table> <p>Skidelsky suggests the high global growth during the golden age was especially impressive as during that period Japan was the only major Asian economy enjoying high growth (Taiwan and South Korea at the time being small economies). It was not until later that the world had the exceptional growth of China raising the global average. Skidelsky also reports that inequality was generally decreasing during the golden age, whereas since the Washington Consensus was formed it has been increasing. </p><p>Globally, the golden age was a time of unusual financial stability, with crises far less frequent and intense than before or after. <a href="/wiki/Martin_Wolf" title="Martin Wolf">Martin Wolf</a> reports that between 1945 and 1971 (27 years) the world saw only 38 financial crises, whereas from 1973 to 1997 (24 years) there were 139.<sup id="cite_ref-6" class="reference"><a href="#cite_note-6"><span class="cite-bracket">[</span>6<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="Causes">Causes</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Post%E2%80%93World_War_II_economic_expansion&action=edit&section=3" title="Edit section: Causes"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <figure class="mw-default-size" typeof="mw:File/Thumb"><a href="/wiki/File:GiveUsTheTools.jpg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/e/eb/GiveUsTheTools.jpg/220px-GiveUsTheTools.jpg" decoding="async" width="220" height="299" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/e/eb/GiveUsTheTools.jpg/330px-GiveUsTheTools.jpg 1.5x, //upload.wikimedia.org/wikipedia/commons/e/eb/GiveUsTheTools.jpg 2x" data-file-width="427" data-file-height="580" /></a><figcaption>Allied <a href="/wiki/War_bond" title="War bond">war bonds</a> matured during these years, transferring cash from governments to private households.</figcaption></figure> <div class="mw-heading mw-heading3"><h3 id="Productivity">Productivity</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Post%E2%80%93World_War_II_economic_expansion&action=edit&section=4" title="Edit section: Productivity"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <style data-mw-deduplicate="TemplateStyles:r1236090951">.mw-parser-output .hatnote{font-style:italic}.mw-parser-output div.hatnote{padding-left:1.6em;margin-bottom:0.5em}.mw-parser-output .hatnote i{font-style:normal}.mw-parser-output .hatnote+link+.hatnote{margin-top:-0.5em}@media print{body.ns-0 .mw-parser-output .hatnote{display:none!important}}</style><div role="note" class="hatnote navigation-not-searchable">See also: <a href="/wiki/Agricultural_productivity" title="Agricultural productivity">Agricultural productivity</a></div> <p>High productivity growth from before the war continued after the war and until the early 1970s. Manufacturing was aided by <a href="/wiki/Automation" title="Automation">automation</a> technologies such as <a href="/wiki/Control_theory" title="Control theory">feedback controllers</a>, which appeared in the late 1930s were a fast-growing area of investment following the war. Wholesale and retail trade benefited from new highway systems, distribution warehouses, and material handling equipment such as forklifts and <a href="/wiki/Containerization" title="Containerization">intermodal containers</a>.<sup id="cite_ref-7" class="reference"><a href="#cite_note-7"><span class="cite-bracket">[</span>7<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-8" class="reference"><a href="#cite_note-8"><span class="cite-bracket">[</span>8<span class="cite-bracket">]</span></a></sup> Oil displaced coal in many applications, particularly in locomotives and ships.<sup id="cite_ref-9" class="reference"><a href="#cite_note-9"><span class="cite-bracket">[</span>9<span class="cite-bracket">]</span></a></sup> In agriculture, the post WWII period saw the widespread introduction of the following: </p> <ul><li><a href="/wiki/Chemical_fertilizers" class="mw-redirect" title="Chemical fertilizers">Chemical fertilizers</a></li> <li><a href="/wiki/Tractors" class="mw-redirect" title="Tractors">Tractors</a></li> <li><a href="/wiki/Combine_harvesters" class="mw-redirect" title="Combine harvesters">Combine harvesters</a></li> <li><a href="/wiki/High-yielding_variety" title="High-yielding variety">High-yielding variety</a></li> <li><a href="/wiki/Pesticides" class="mw-redirect" title="Pesticides">Pesticides</a></li></ul> <div class="mw-heading mw-heading3"><h3 id="Keynesian_economics">Keynesian economics</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Post%E2%80%93World_War_II_economic_expansion&action=edit&section=5" title="Edit section: Keynesian economics"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <figure class="mw-default-size" typeof="mw:File/Thumb"><a href="/wiki/File:Constructing_the_Stockholm_Metro_in_1957.jpg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/5/5e/Constructing_the_Stockholm_Metro_in_1957.jpg/220px-Constructing_the_Stockholm_Metro_in_1957.jpg" decoding="async" width="220" height="220" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/5/5e/Constructing_the_Stockholm_Metro_in_1957.jpg/330px-Constructing_the_Stockholm_Metro_in_1957.jpg 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/5/5e/Constructing_the_Stockholm_Metro_in_1957.jpg/440px-Constructing_the_Stockholm_Metro_in_1957.jpg 2x" data-file-width="6928" data-file-height="6917" /></a><figcaption>Many Western governments funded large infrastructure projects during this period. Here the <a href="/wiki/Redevelopment_of_Norrmalm" title="Redevelopment of Norrmalm">redevelopment of Norrmalm</a> and the <a href="/wiki/Stockholm_Metro" title="Stockholm Metro">Stockholm Metro</a>, Sweden.</figcaption></figure> <p><a href="/wiki/Keynesian_economists" class="mw-redirect" title="Keynesian economists">Keynesian economists</a> argue that the post war expansion was caused by adoption of <a href="/wiki/Keynesian_economic_policies" class="mw-redirect" title="Keynesian economic policies">Keynesian economic policies</a>. <a href="/wiki/Naomi_Klein" title="Naomi Klein">Naomi Klein</a> has argued the high growth enjoyed by Europe and America was the result of Keynesian economic policies and in the case of rapidly rising prosperity that this post war period saw in parts of South America, by the influence of developmentalist economics led by <a href="/wiki/Ra%C3%BAl_Prebisch" title="Raúl Prebisch">Raúl Prebisch</a>.<sup id="cite_ref-10" class="reference"><a href="#cite_note-10"><span class="cite-bracket">[</span>10<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading4"><h4 id="Infrastructure_spending">Infrastructure spending</h4><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Post%E2%80%93World_War_II_economic_expansion&action=edit&section=6" title="Edit section: Infrastructure spending"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <style data-mw-deduplicate="TemplateStyles:r1251242444">.mw-parser-output .ambox{border:1px solid #a2a9b1;border-left:10px solid #36c;background-color:#fbfbfb;box-sizing:border-box}.mw-parser-output .ambox+link+.ambox,.mw-parser-output .ambox+link+style+.ambox,.mw-parser-output .ambox+link+link+.ambox,.mw-parser-output .ambox+.mw-empty-elt+link+.ambox,.mw-parser-output .ambox+.mw-empty-elt+link+style+.ambox,.mw-parser-output .ambox+.mw-empty-elt+link+link+.ambox{margin-top:-1px}html body.mediawiki .mw-parser-output .ambox.mbox-small-left{margin:4px 1em 4px 0;overflow:hidden;width:238px;border-collapse:collapse;font-size:88%;line-height:1.25em}.mw-parser-output .ambox-speedy{border-left:10px solid #b32424;background-color:#fee7e6}.mw-parser-output .ambox-delete{border-left:10px solid #b32424}.mw-parser-output .ambox-content{border-left:10px solid #f28500}.mw-parser-output .ambox-style{border-left:10px solid #fc3}.mw-parser-output .ambox-move{border-left:10px solid #9932cc}.mw-parser-output .ambox-protection{border-left:10px solid #a2a9b1}.mw-parser-output .ambox .mbox-text{border:none;padding:0.25em 0.5em;width:100%}.mw-parser-output .ambox .mbox-image{border:none;padding:2px 0 2px 0.5em;text-align:center}.mw-parser-output .ambox .mbox-imageright{border:none;padding:2px 0.5em 2px 0;text-align:center}.mw-parser-output .ambox .mbox-empty-cell{border:none;padding:0;width:1px}.mw-parser-output .ambox .mbox-image-div{width:52px}@media(min-width:720px){.mw-parser-output .ambox{margin:0 10%}}@media print{body.ns-0 .mw-parser-output .ambox{display:none!important}}</style><table class="box-Globalize plainlinks metadata ambox ambox-content ambox-globalize" role="presentation"><tbody><tr><td class="mbox-image"><div class="mbox-image-div"><span typeof="mw:File"><span><img alt="Globe icon." src="//upload.wikimedia.org/wikipedia/commons/thumb/b/bd/Ambox_globe_content.svg/48px-Ambox_globe_content.svg.png" decoding="async" width="48" height="40" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/b/bd/Ambox_globe_content.svg/73px-Ambox_globe_content.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/b/bd/Ambox_globe_content.svg/97px-Ambox_globe_content.svg.png 2x" data-file-width="350" data-file-height="290" /></span></span></div></td><td class="mbox-text"><div class="mbox-text-span">The examples and perspective in this section <b>may not represent a <a href="/wiki/Wikipedia:WikiProject_Countering_systemic_bias" title="Wikipedia:WikiProject Countering systemic bias">worldwide view</a> of the subject</b>.<span class="hide-when-compact"> You may <a class="external text" href="https://en.wikipedia.org/w/index.php?title=Post%E2%80%93World_War_II_economic_expansion&action=edit">improve this section</a>, discuss the issue on the <a href="/wiki/Talk:Post%E2%80%93World_War_II_economic_expansion" title="Talk:Post–World War II economic expansion">talk page</a>, or create a new section, as appropriate.</span> <span class="date-container"><i>(<span class="date">May 2020</span>)</i></span><span class="hide-when-compact"><i> (<small><a href="/wiki/Help:Maintenance_template_removal" title="Help:Maintenance template removal">Learn how and when to remove this message</a></small>)</i></span></div></td></tr></tbody></table> <p>One of Eisenhower's enduring achievements was championing and signing the bill that authorized the <a href="/wiki/Interstate_Highway_System" title="Interstate Highway System">Interstate Highway System</a> in 1956.<sup id="cite_ref-economist_11-0" class="reference"><a href="#cite_note-economist-11"><span class="cite-bracket">[</span>11<span class="cite-bracket">]</span></a></sup> He justified the project through the <a href="/wiki/Federal_Aid_Highway_Act_of_1956" class="mw-redirect" title="Federal Aid Highway Act of 1956">Federal Aid Highway Act of 1956</a> as essential to American security during the <a href="/wiki/Cold_War" title="Cold War">Cold War</a>. It was believed that large cities would be targets in a possible war, hence the highways were designed to facilitate their evacuation and ease military maneuvers. </p> <div class="mw-heading mw-heading4"><h4 id="Military_spending">Military spending</h4><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Post%E2%80%93World_War_II_economic_expansion&action=edit&section=7" title="Edit section: Military spending"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Another explanation for this period is the theory of the <a href="/wiki/Permanent_war_economy" class="mw-redirect" title="Permanent war economy">permanent war economy</a>, which suggests that the large spending on the military helped stabilize the global economy; this has also been referred to as "<a href="/wiki/Military_Keynesianism" title="Military Keynesianism">Military Keynesianism</a>". This also goes into hand with retired WWII vets with pensions to spend. </p> <div class="mw-heading mw-heading3"><h3 id="Financial_repression">Financial repression</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Post%E2%80%93World_War_II_economic_expansion&action=edit&section=8" title="Edit section: Financial repression"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>This period also saw <a href="/wiki/Financial_repression" title="Financial repression">financial repression</a>—low nominal interest rates and low or <a href="/wiki/Negative_interest_rates" class="mw-redirect" title="Negative interest rates">negative real interest rates</a> (nominal rates lower than inflation plus taxation), via government policy—resulting respectively in debt servicing costs being low (low nominal rates) and in liquidation of existing debt (via inflation and taxation).<sup id="cite_ref-12" class="reference"><a href="#cite_note-12"><span class="cite-bracket">[</span>12<span class="cite-bracket">]</span></a></sup> This allowed countries (such as the US and UK) to deal with their existing government debt level and also to reduce the level of debt without needing to direct a high portion of government spending to debt service. </p> <div class="mw-heading mw-heading3"><h3 id="Wealth_redistribution">Wealth redistribution</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Post%E2%80%93World_War_II_economic_expansion&action=edit&section=9" title="Edit section: Wealth redistribution"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <figure class="mw-halign-right" typeof="mw:File/Thumb"><a href="/wiki/File:Historical_Income_Tax_Rates_and_brackets.png" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/5/53/Historical_Income_Tax_Rates_and_brackets.png/350px-Historical_Income_Tax_Rates_and_brackets.png" decoding="async" width="350" height="184" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/5/53/Historical_Income_Tax_Rates_and_brackets.png/525px-Historical_Income_Tax_Rates_and_brackets.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/5/53/Historical_Income_Tax_Rates_and_brackets.png/700px-Historical_Income_Tax_Rates_and_brackets.png 2x" data-file-width="12870" data-file-height="6753" /></a><figcaption> <style data-mw-deduplicate="TemplateStyles:r981673959">.mw-parser-output .legend{page-break-inside:avoid;break-inside:avoid-column}.mw-parser-output .legend-color{display:inline-block;min-width:1.25em;height:1.25em;line-height:1.25;margin:1px 0;text-align:center;border:1px solid black;background-color:transparent;color:black}.mw-parser-output .legend-text{}</style><div class="legend"><span class="legend-line mw-no-invert" style="display: inline-block; vertical-align: middle; width: 1.67em; height: 0; border-style: none; border-top: 2px dotted black;border-top:#F23F45 solid 3px;"> </span> Top <a href="/wiki/Marginal_income_tax_rate" class="mw-redirect" title="Marginal income tax rate">marginal</a> income tax rates</div> <div><ul><li><a href="/wiki/Tax_bracket" title="Tax bracket">Tax brackets</a></li></ul></div> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r981673959"><div class="legend"><span class="legend-line mw-no-invert" style="display: inline-block; vertical-align: middle; width: 1.67em; height: 0; border-style: none; border-top: 2px dotted black;border-top:#3CA3FA solid 3px;"> </span> Lowest marginal income tax rates</div> </figcaption></figure> <figure class="mw-default-size" typeof="mw:File/Thumb"><a href="/wiki/File:United_States_Income_Distribution_1947-2007.svg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/0/01/United_States_Income_Distribution_1947-2007.svg/440px-United_States_Income_Distribution_1947-2007.svg.png" decoding="async" width="440" height="176" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/0/01/United_States_Income_Distribution_1947-2007.svg/660px-United_States_Income_Distribution_1947-2007.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/0/01/United_States_Income_Distribution_1947-2007.svg/880px-United_States_Income_Distribution_1947-2007.svg.png 2x" data-file-width="1000" data-file-height="400" /></a><figcaption>Real income in the United States by <a href="/wiki/Percentile" title="Percentile">percentile</a>, normalized to 2007 costs. All social classes grew wealthier during the 1950s and 1960s, but the lower percentiles have only seen marginal improvement since then.</figcaption></figure> <p>Much property was destroyed in war. In the inter-war period, the <a href="/wiki/Great_Depression" title="Great Depression">Great Depression</a> also caused investments to lose value.<sup id="cite_ref-wealth_conscription_13-0" class="reference"><a href="#cite_note-wealth_conscription-13"><span class="cite-bracket">[</span>13<span class="cite-bracket">]</span></a></sup> </p><p>During both World Wars, <a href="/wiki/Progressive_taxation" class="mw-redirect" title="Progressive taxation">progressive taxation</a> and <a href="/wiki/Capital_levies" class="mw-redirect" title="Capital levies">capital levies</a> were introduced, with the generally-stated aim of distributing the sacrifices required by the war more evenly. While tax rates dipped between the wars, they did not return to pre-war levels. Top tax rates increased dramatically, in some cases tenfold. This had a significant effect on both income and wealth distributions. Such policies were commonly referred to as the "conscription of income" and "conscription of wealth".<sup id="cite_ref-wealth_conscription_13-1" class="reference"><a href="#cite_note-wealth_conscription-13"><span class="cite-bracket">[</span>13<span class="cite-bracket">]</span></a></sup> </p> <style data-mw-deduplicate="TemplateStyles:r1244412712">.mw-parser-output .templatequote{overflow:hidden;margin:1em 0;padding:0 32px}.mw-parser-output .templatequotecite{line-height:1.5em;text-align:left;margin-top:0}@media(min-width:500px){.mw-parser-output .templatequotecite{padding-left:1.6em}}</style><blockquote class="templatequote"><p>a fundamental objection to the government's policy of conscription is that it conscripts human life only, and that it does not attempt to conscript wealth... </p><div class="templatequotecite">— <cite>Liberal party election platform, autumn 1917, Canada</cite></div></blockquote> <p><i><a href="/wiki/The_Economist" title="The Economist">The Economist</a></i>, a British publication, opposed capital levies, but supported "direct taxation heavy enough to amount to rationing of citizens' incomes"; similarly, the American economist <a href="/wiki/Oliver_Mitchell_Wentworth_Sprague" class="mw-redirect" title="Oliver Mitchell Wentworth Sprague">Oliver Mitchell Wentworth Sprague</a>, in the <i><a href="/wiki/Economic_Journal" class="mw-redirect" title="Economic Journal">Economic Journal</a></i>, argued that that "conscription of men should logically and equitably be accompanied by something in the nature of conscription of current income above that which is absolutely necessary".<sup id="cite_ref-wealth_conscription_13-2" class="reference"><a href="#cite_note-wealth_conscription-13"><span class="cite-bracket">[</span>13<span class="cite-bracket">]</span></a></sup> </p><p><a href="/wiki/Rationing#Second_World_War" title="Rationing">Rationing</a> of goods was also widely used, with the aim of distributing scarce resources efficiently.<sup id="cite_ref-focus_14-0" class="reference"><a href="#cite_note-focus-14"><span class="cite-bracket">[</span>14<span class="cite-bracket">]</span></a></sup> Rationing was widely done with <a href="/wiki/Ration_stamp" class="mw-redirect" title="Ration stamp">ration stamps</a>, a second currency that entitled the bearer to buy (with regular money) a certain amount of a certain sort of good (for instance, two ounces of meat,<sup id="cite_ref-focus_14-1" class="reference"><a href="#cite_note-focus-14"><span class="cite-bracket">[</span>14<span class="cite-bracket">]</span></a></sup> or a certain amount of clothing<sup id="cite_ref-15" class="reference"><a href="#cite_note-15"><span class="cite-bracket">[</span>15<span class="cite-bracket">]</span></a></sup> or fuel). Price controls were also used (for instance, the price of restaurant meals was capped).<sup id="cite_ref-focus_14-2" class="reference"><a href="#cite_note-focus-14"><span class="cite-bracket">[</span>14<span class="cite-bracket">]</span></a></sup> </p><p>In the post-war period, progressive taxation persisted. <a href="/wiki/Inheritance_tax" title="Inheritance tax">Inheritance taxes</a> also had an effect. <a href="/wiki/Rationing_in_the_United_Kingdom" title="Rationing in the United Kingdom">Rationing in the United Kingdom</a> lasted until 1954. Allied <a href="/wiki/War_bonds" class="mw-redirect" title="War bonds">war bonds</a> matured during the post-war years, transferring cash from governments to private households. </p><p>In Japan, progressive tax rates were imposed during <a href="/wiki/Occupation_of_Japan" title="Occupation of Japan">the Allied occupation</a>, at rates that roughly matched those in the United States at that time. High marginal tax rates for the wealthiest 1% were in place throughout Japan's decades of post-war growth<sup id="cite_ref-16" class="reference"><a href="#cite_note-16"><span class="cite-bracket">[</span>16<span class="cite-bracket">]</span></a></sup> South Korea, after the <a href="/wiki/Korean_War" title="Korean War">Korean War</a> saw a similar trajectory. Marginal tax rates were high on the rich, until falling quickly in the 1990s.<sup id="cite_ref-17" class="reference"><a href="#cite_note-17"><span class="cite-bracket">[</span>17<span class="cite-bracket">]</span></a></sup> The state also legislated significant <a href="/wiki/Land_reform" title="Land reform">land reform</a>, cutting deeply into a landholding elite's power and clientelism.<sup id="cite_ref-18" class="reference"><a href="#cite_note-18"><span class="cite-bracket">[</span>18<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="Low_oil_prices">Low oil prices</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Post%E2%80%93World_War_II_economic_expansion&action=edit&section=10" title="Edit section: Low oil prices"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <figure class="mw-default-size" typeof="mw:File/Thumb"><a href="/wiki/File:Oil_Prices_Since_1861.svg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/2/2f/Oil_Prices_Since_1861.svg/300px-Oil_Prices_Since_1861.svg.png" decoding="async" width="300" height="86" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/2/2f/Oil_Prices_Since_1861.svg/450px-Oil_Prices_Since_1861.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/2/2f/Oil_Prices_Since_1861.svg/600px-Oil_Prices_Since_1861.svg.png 2x" data-file-width="1450" data-file-height="414" /></a><figcaption>The real <a href="/wiki/Oil_price" class="mw-redirect" title="Oil price">oil price</a> was low during the post-war decades, with this ending in the 1973 oil crisis.</figcaption></figure> <p>In the 1940s, the <a href="/wiki/Price_of_oil" title="Price of oil">price of oil</a> was about $17, rising to just over $20 during the <a href="/wiki/Korean_War" title="Korean War">Korean War</a> (1951–1953). During the <a href="/wiki/Vietnam_War" title="Vietnam War">Vietnam War</a> (1950s–1970s) the price of oil slowly declined to under $20. During the <a href="/wiki/1973_oil_crisis" title="1973 oil crisis">Arab oil embargo of 1973</a>—the first oil shock—the price of oil rapidly rose to double in price. </p> <div class="mw-heading mw-heading3"><h3 id="International_cooperation">International cooperation</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Post%E2%80%93World_War_II_economic_expansion&action=edit&section=11" title="Edit section: International cooperation"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <figure class="mw-default-size mw-halign-left" typeof="mw:File/Thumb"><a href="/wiki/File:Marshall_Plan_poster.JPG" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/b/b3/Marshall_Plan_poster.JPG/220px-Marshall_Plan_poster.JPG" decoding="async" width="220" height="301" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/b/b3/Marshall_Plan_poster.JPG/330px-Marshall_Plan_poster.JPG 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/b/b3/Marshall_Plan_poster.JPG/440px-Marshall_Plan_poster.JPG 2x" data-file-width="714" data-file-height="976" /></a><figcaption>Poster for the <a href="/wiki/Marshall_Plan" title="Marshall Plan">Marshall Plan</a></figcaption></figure> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1236090951"><div role="note" class="hatnote navigation-not-searchable">See also: <a href="/wiki/Aftermath_of_World_War_II" title="Aftermath of World War II">Aftermath of World War II</a></div> <p>Among the causes can be mentioned the rapid normalization of political relations between former Axis powers and the western Allies. After the war, the major powers were determined not to repeat the mistakes of the <a href="/wiki/Great_Depression" title="Great Depression">Great Depression</a>, some of which were ascribed to <a href="/wiki/Aftermath_of_World_War_I" title="Aftermath of World War I">post–World War I</a> policy errors. The <a href="/wiki/Marshall_Plan" title="Marshall Plan">Marshall Plan</a> for the rebuilding of Europe is most credited for reconciliation, though the immediate post-war situations was more complicated. In 1948 the <a href="/wiki/Marshall_Plan" title="Marshall Plan">Marshall Plan</a> pumped over $12 billion to rebuild and modernize Western Europe. The <a href="/wiki/European_Coal_and_Steel_Community" title="European Coal and Steel Community">European Coal and Steel Community</a> formed the foundation of what was to become the <a href="/wiki/European_Union" title="European Union">European Union</a> in later years. </p> <div class="mw-heading mw-heading4"><h4 id="Institutional_arrangements">Institutional arrangements</h4><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Post%E2%80%93World_War_II_economic_expansion&action=edit&section=12" title="Edit section: Institutional arrangements"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p><a href="/wiki/Institutional_economists" class="mw-redirect" title="Institutional economists">Institutional economists</a> point to the international institutions established in the post-war period. Structurally, the victorious Allies established the <a href="/wiki/United_Nations" title="United Nations">United Nations</a> and the <a href="/wiki/Bretton_Woods_monetary_system" class="mw-redirect" title="Bretton Woods monetary system">Bretton Woods monetary system</a>, international institutions designed to promote stability. This was achieved through a number of policies, including promoting <a href="/wiki/Free_trade" title="Free trade">free trade</a>, instituting the <a href="/wiki/Marshall_Plan" title="Marshall Plan">Marshall Plan</a>, and the use of <a href="/wiki/Keynesian_economics" title="Keynesian economics">Keynesian economics</a>. Although this was before modern eastern countries growing their workforce I.e. before the outsourcing problem protectionists point to. </p> <div class="mw-heading mw-heading5"><h5 id="US_Council_of_Economic_Advisers">US Council of Economic Advisers</h5><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Post%E2%80%93World_War_II_economic_expansion&action=edit&section=13" title="Edit section: US Council of Economic Advisers"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>In the United States, the <a href="/wiki/Employment_Act_of_1946" title="Employment Act of 1946">Employment Act of 1946</a> set the goals of achieving full employment, full production, and stable prices. It also created the <a href="/wiki/Council_of_Economic_Advisers" title="Council of Economic Advisers">Council of Economic Advisers</a> to provide objective economic analysis and advice on the development and implementation of a wide range of domestic and international economic policy issues. In its first 7 years the CEA made five technical advances in policy making:<sup id="cite_ref-19" class="reference"><a href="#cite_note-19"><span class="cite-bracket">[</span>19<span class="cite-bracket">]</span></a></sup> </p> <ol><li>The replacement of a "cyclical model" of the economy by a "growth model,"</li> <li>The setting of quantitative targets for the economy,</li> <li>Use of the theories of fiscal drag and full-employment budget,</li> <li>Recognition of the need for greater flexibility in taxation, and</li> <li>Replacement of the notion of unemployment as a structural problem by a realization of low aggregate demand.</li></ol> <div class="mw-heading mw-heading2"><h2 id="Specific_countries">Specific countries</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Post%E2%80%93World_War_II_economic_expansion&action=edit&section=14" title="Edit section: Specific countries"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>The economies of the <a href="/wiki/Economy_of_the_United_States" title="Economy of the United States">United States</a>, <a href="/wiki/Economy_of_Japan" title="Economy of Japan">Japan</a>, <a href="/wiki/Economy_of_West_Germany" class="mw-redirect" title="Economy of West Germany">West Germany</a>, <a href="/wiki/Economy_of_France" title="Economy of France">France</a>, and <a href="/wiki/Economy_of_Italy" title="Economy of Italy">Italy</a> did particularly well. Japan and West Germany caught up to and exceeded the GDP of the <a href="/wiki/Economy_of_the_United_Kingdom" title="Economy of the United Kingdom">United Kingdom</a> during these years, even as the UK itself was experiencing the greatest absolute prosperity in its history. In France, this period is often looked back to with nostalgia as the <i><a href="/wiki/Trente_Glorieuses" title="Trente Glorieuses">Trente Glorieuses</a></i>, or "Glorious Thirty", while the economies of West Germany and Austria were characterized by <i><a href="/wiki/Wirtschaftswunder" title="Wirtschaftswunder">Wirtschaftswunder</a></i> (economic miracle), and in Italy it is called <a href="/wiki/History_of_the_Italian_Republic#1950s_and_1960s:_post-war_economic_boom" title="History of the Italian Republic"><i>Miracolo economico</i></a> (economic miracle). Most <a href="/wiki/Developing_countries" class="mw-redirect" title="Developing countries">developing countries</a> also did well in this period. </p> <div class="mw-heading mw-heading3"><h3 id="Belgium">Belgium</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Post%E2%80%93World_War_II_economic_expansion&action=edit&section=15" title="Edit section: Belgium"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1236090951"><div role="note" class="hatnote navigation-not-searchable">Main article: <a href="/wiki/Belgian_economic_miracle" title="Belgian economic miracle">Belgian economic miracle</a></div> <p><a href="/wiki/Belgium" title="Belgium">Belgium</a> experienced a brief but very rapid economic recovery in the aftermath of World War II. The comparatively light damage sustained by Belgium's heavy industry during the <a href="/wiki/German_occupation_of_Belgium_during_World_War_II" title="German occupation of Belgium during World War II">German occupation</a> and the Europe-wide need for the country's traditional exports (steel and coal, textiles, and railway infrastructure) meant that Belgium became the first European country to regain its pre-war level of output in 1947. Economic growth in the period was accompanied by low inflation and sharp increases in real living standards. </p><p>However, lack of capital investment meant that Belgium's heavy industry was ill-equipped to compete with other European industries in the 1950s. This contributed to the start of <a href="/wiki/Deindustrialisation" class="mw-redirect" title="Deindustrialisation">deindustrialisation</a> in <a href="/wiki/Wallonia" title="Wallonia">Wallonia</a> and the emergence of regional economic disparities. </p> <div class="mw-heading mw-heading3"><h3 id="France">France</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Post%E2%80%93World_War_II_economic_expansion&action=edit&section=16" title="Edit section: France"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1236090951"><div role="note" class="hatnote navigation-not-searchable">Main article: <a href="/wiki/Trente_Glorieuses" title="Trente Glorieuses">Trente Glorieuses</a></div> <p>Between 1947 and 1973, France went through a boom period (5% growth per year on average) dubbed by <a href="/wiki/Jean_Fourasti%C3%A9" title="Jean Fourastié">Jean Fourastié</a> <i><a href="/wiki/Trente_Glorieuses" title="Trente Glorieuses">Trente Glorieuses</a></i> – the title of a book published in 1979. The economic growth occurred mainly due to productivity gains and to an increase in the number of working hours. Indeed, the working population grew very slowly, the "<a href="/wiki/Baby_boom" title="Baby boom">baby boom</a>" being offset by the extension of the time dedicated to study. Productivity gains came from catching up with the United States. In 1950, the average income in France was 55% of that of an American; it reached 80% in 1973. Among the "major" nations, only Japan had faster growth in this era than France.<sup id="cite_ref-20" class="reference"><a href="#cite_note-20"><span class="cite-bracket">[</span>20<span class="cite-bracket">]</span></a></sup> </p><p>The extended period of transformation and modernization also involved an increasing internationalization of the French economy. France by the 1980s had become a leading world economic power and the world's fourth-largest exporter of manufactured products. It became Europe's largest agricultural producer and exporter, accounting for more than 10 percent of world trade in such goods by the 1980s. The service sector grew rapidly and became the largest sector, generating a large foreign-trade surplus, chiefly from the earnings from tourism.<sup id="cite_ref-21" class="reference"><a href="#cite_note-21"><span class="cite-bracket">[</span>21<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="Italy">Italy</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Post%E2%80%93World_War_II_economic_expansion&action=edit&section=17" title="Edit section: Italy"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1236090951"><div role="note" class="hatnote navigation-not-searchable">Main article: <a href="/wiki/Italian_economic_miracle" title="Italian economic miracle">Italian economic miracle</a></div> <p>The Italian economy experienced very variable growth. In the 1950s and early 1960s the <a href="/wiki/Italian_economic_miracle" title="Italian economic miracle">Italian economy boomed</a>, with record high growth-rates, including 6.4% in 1959, 5.8% in 1960, 6.8% in 1961, and 6.1% in 1962. This rapid and sustained growth was due to the ambitions of several<sup class="noprint Inline-Template Template-Fact" style="white-space:nowrap;">[<i><a href="/wiki/Wikipedia:Manual_of_Style/Dates_and_numbers" title="Wikipedia:Manual of Style/Dates and numbers"><span title="This term requires quantification. (May 2016)">quantify</span></a></i>]</sup> Italian businesspeople, the opening of new industries (helped by the discovery of hydrocarbons, made for iron and steel, in the <a href="/wiki/Po_valley" class="mw-redirect" title="Po valley">Po valley</a>), re-construction and the modernisation of most Italian cities, such as Milan, Rome and Turin, and the aid given to the country after World War II (notably through the <a href="/wiki/Marshall_Plan" title="Marshall Plan">Marshall Plan</a>).<sup id="cite_ref-22" class="reference"><a href="#cite_note-22"><span class="cite-bracket">[</span>22<span class="cite-bracket">]</span></a></sup><sup class="noprint Inline-Template" style="white-space:nowrap;">[<i><a href="/wiki/Wikipedia:Citing_sources" title="Wikipedia:Citing sources"><span title="This citation requires a reference to the specific page or range of pages in which the material appears. (May 2016)">page needed</span></a></i>]</sup><sup id="cite_ref-23" class="reference"><a href="#cite_note-23"><span class="cite-bracket">[</span>23<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="Japan">Japan</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Post%E2%80%93World_War_II_economic_expansion&action=edit&section=18" title="Edit section: Japan"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1236090951"><div role="note" class="hatnote navigation-not-searchable">Main article: <a href="/wiki/Japanese_economic_miracle" title="Japanese economic miracle">Japanese economic miracle</a></div> <figure class="mw-default-size" typeof="mw:File/Thumb"><a href="/wiki/File:Sanyo_Transistor.jpg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/7/74/Sanyo_Transistor.jpg/220px-Sanyo_Transistor.jpg" decoding="async" width="220" height="165" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/7/74/Sanyo_Transistor.jpg/330px-Sanyo_Transistor.jpg 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/7/74/Sanyo_Transistor.jpg/440px-Sanyo_Transistor.jpg 2x" data-file-width="2000" data-file-height="1500" /></a><figcaption>A <a href="/wiki/Transistor_radio" title="Transistor radio">transistor radio</a> made by <a href="/wiki/Sanyo" title="Sanyo">Sanyo</a> in 1959. Japan manufactured much of the world's <a href="/wiki/Consumer_electronics" title="Consumer electronics">consumer electronics</a> during this period.</figcaption></figure> <p>After 1950 Japan's economy recovered from the war damage and began to boom, with the fastest growth rates in the world.<sup id="cite_ref-24" class="reference"><a href="#cite_note-24"><span class="cite-bracket">[</span>24<span class="cite-bracket">]</span></a></sup> Given a boost by the <a href="/wiki/Korean_War" title="Korean War">Korean War</a>, in which it acted as a major supplier to the UN force, Japan's economy embarked on a prolonged period of extremely rapid growth, led by the manufacturing sectors. Japan emerged as a significant power in many economic spheres, including steel working, car manufacturing and the manufacturing of electronics. Japan rapidly caught up with the West in foreign trade, GNP, and general quality of life. The high economic growth and political tranquility of the mid to late 1960s were slowed by the quadrupling of oil prices in 1973. Almost completely dependent on imports for petroleum, Japan experienced its first recession since World War II. Another serious problem was Japan's growing trade surplus, which reached record heights. The United States pressured Japan to remedy the imbalance, demanding that Tokyo raise the value of the yen and open its markets further to facilitate more imports from the United States.<sup id="cite_ref-25" class="reference"><a href="#cite_note-25"><span class="cite-bracket">[</span>25<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="Soviet_Union">Soviet Union</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Post%E2%80%93World_War_II_economic_expansion&action=edit&section=19" title="Edit section: Soviet Union"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>In early 1950s, the Soviet Union, having reconstructed the ruins left by the war, experienced a decade of prosperous, undisturbed, and rapid economic growth, with significant and remarkable technological achievements most notably the <a href="/wiki/Sputnik_I" class="mw-redirect" title="Sputnik I">first earth satellite</a>. The nation made it to the top 15 countries with highest GDP per capita in the mid-1950s. However, the growth slowed by the mid-1960s, as the government started pouring resources into large military and space projects, and the civilian sector gradually languished. While every other major nation greatly expanded its service sector, in the Soviet Union it was given low priority.<sup id="cite_ref-26" class="reference"><a href="#cite_note-26"><span class="cite-bracket">[</span>26<span class="cite-bracket">]</span></a></sup> Following Khrushchev's ouster, and the appointment of a <a href="/wiki/Collective_leadership" title="Collective leadership">collective leadership</a> led by <a href="/wiki/Leonid_Brezhnev" title="Leonid Brezhnev">Leonid Brezhnev</a> and <a href="/wiki/Alexei_Kosygin" title="Alexei Kosygin">Alexei Kosygin</a>, the economy was revitalised.<sup id="cite_ref-declineinevitable_27-0" class="reference"><a href="#cite_note-declineinevitable-27"><span class="cite-bracket">[</span>27<span class="cite-bracket">]</span></a></sup> The economy continued to grow apace during the late 1960s, during the <a href="/wiki/Eighth_Five-Year_Plan_(Soviet_Union)" class="mw-redirect" title="Eighth Five-Year Plan (Soviet Union)">Eighth Five-Year Plan</a>.<sup id="cite_ref-28" class="reference"><a href="#cite_note-28"><span class="cite-bracket">[</span>28<span class="cite-bracket">]</span></a></sup> However, economic growth began to falter during the late 1970s,<sup id="cite_ref-declineinevitable_27-1" class="reference"><a href="#cite_note-declineinevitable-27"><span class="cite-bracket">[</span>27<span class="cite-bracket">]</span></a></sup> beginning the <a href="/wiki/Era_of_Stagnation" title="Era of Stagnation">Era of Stagnation</a>. </p> <div class="mw-heading mw-heading3"><h3 id="Sweden">Sweden</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Post%E2%80%93World_War_II_economic_expansion&action=edit&section=20" title="Edit section: Sweden"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1236090951"><div role="note" class="hatnote navigation-not-searchable">Main article: <a href="/wiki/Record_years" title="Record years">Record years</a></div> <p>Sweden emerged <a href="/wiki/Sweden_during_World_War_II" title="Sweden during World War II">almost unharmed</a> from World War II, and experienced <a href="/wiki/Record_years" title="Record years">tremendous economic growth</a> until the early 1970s, as <a href="/wiki/Social_Democrats_(Sweden)" class="mw-redirect" title="Social Democrats (Sweden)">Social Democratic</a> Prime Minister <a href="/wiki/Tage_Erlander" title="Tage Erlander">Tage Erlander</a> held his office from 1946 to 1969. Sweden used to be a <a href="/wiki/Emigration_from_Sweden_to_the_United_States" class="mw-redirect" title="Emigration from Sweden to the United States">country of emigrants</a> until the 1930s, but the demand for labor spurred immigration to Sweden, especially from Finland and countries like Greece, Italy and Yugoslavia. Urbanization was fast, and housing shortage in urban areas was imminent until the <a href="/wiki/Million_Programme" title="Million Programme">Million Programme</a> was launched in the 1960s. </p> <div class="mw-heading mw-heading3"><h3 id="United_Kingdom">United Kingdom</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Post%E2%80%93World_War_II_economic_expansion&action=edit&section=21" title="Edit section: United Kingdom"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <figure class="mw-default-size" typeof="mw:File/Thumb"><a href="/wiki/File:Dette_britannique_longue_p%C3%A9riode.png" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/6/6d/Dette_britannique_longue_p%C3%A9riode.png/220px-Dette_britannique_longue_p%C3%A9riode.png" decoding="async" width="220" height="138" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/6/6d/Dette_britannique_longue_p%C3%A9riode.png/330px-Dette_britannique_longue_p%C3%A9riode.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/6/6d/Dette_britannique_longue_p%C3%A9riode.png/440px-Dette_britannique_longue_p%C3%A9riode.png 2x" data-file-width="672" data-file-height="422" /></a><figcaption>The <a href="/wiki/National_debt" class="mw-redirect" title="National debt">national debt</a> of the United Kingdom was at a record high percentage of the GDP as the war ended, but was largely repaid by 1975.</figcaption></figure> <p>A 1957 speech by <a href="/wiki/Prime_Minister_of_the_United_Kingdom" title="Prime Minister of the United Kingdom">UK Prime Minister</a> <a href="/wiki/Harold_Macmillan" title="Harold Macmillan">Harold Macmillan</a><sup id="cite_ref-29" class="reference"><a href="#cite_note-29"><span class="cite-bracket">[</span>29<span class="cite-bracket">]</span></a></sup> captures what the golden age felt like, even before the brightest years which were to come in the 1960s. </p> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1244412712"><blockquote class="templatequote"><p>Let us be frank about it: most of our people have never had it so good. Go round the country, go to the industrial towns, go to the farms and you will see a state of prosperity such as we have never had in my lifetime – nor indeed in the history of this country.</p></blockquote> <p>Unemployment figures<sup id="cite_ref-30" class="reference"><a href="#cite_note-30"><span class="cite-bracket">[</span>30<span class="cite-bracket">]</span></a></sup> show that unemployment was significantly lower during the Golden Age than before or after: </p> <table class="wikitable sortable"> <tbody><tr> <th>Epoch</th> <th>Date range</th> <th>Percentage of British labour force unemployed. </th></tr> <tr> <td>Pre-Golden Age</td> <td>1921–1938</td> <td>13.4 </td></tr> <tr> <td>Golden Age</td> <td>1950–1969</td> <td>1.6 </td></tr> <tr> <td>Post-Golden Age</td> <td>1970–1993</td> <td>6.7 </td></tr> </tbody></table> <p>In addition to superior economic performance, other social indexes were higher in the golden age; for example the proportion of Britain's population saying they were "very happy" fell from 52% in 1957 to just 36% in 2005.<sup id="cite_ref-31" class="reference"><a href="#cite_note-31"><span class="cite-bracket">[</span>31<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-32" class="reference"><a href="#cite_note-32"><span class="cite-bracket">[</span>32<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="United_States">United States</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Post%E2%80%93World_War_II_economic_expansion&action=edit&section=22" title="Edit section: United States"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1236090951"><div role="note" class="hatnote navigation-not-searchable">Main article: <a href="/wiki/Economic_history_of_the_United_States#Post-World_War_II_prosperity:_1945–1973" title="Economic history of the United States">Economic history of the United States § Post-World War II prosperity: 1945–1973</a></div> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1236090951"><div role="note" class="hatnote navigation-not-searchable">See also: <a href="/wiki/Economic_stagnation#End_of_stagnation_in_the_U.S._after_the_Great_Depression" title="Economic stagnation">Economic stagnation § End of stagnation in the U.S. after the Great Depression</a></div> <figure class="mw-halign-right" typeof="mw:File"><a href="/wiki/File:Quarterly_gross_domestic_product.png" class="mw-file-description" title="Quarterly gross domestic product"><img alt="Gross Domestic Product from 1947 to 2017" src="//upload.wikimedia.org/wikipedia/commons/thumb/b/b4/Quarterly_gross_domestic_product.png/355px-Quarterly_gross_domestic_product.png" decoding="async" width="355" height="142" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/b/b4/Quarterly_gross_domestic_product.png/533px-Quarterly_gross_domestic_product.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/b/b4/Quarterly_gross_domestic_product.png/710px-Quarterly_gross_domestic_product.png 2x" data-file-width="4837" data-file-height="1928" /></a><figcaption>Quarterly gross domestic product</figcaption></figure> <p>The period from the end of World War II to the early 1970s was one of the greatest eras of economic expansion in world history. In the US, Gross Domestic Product increased from $228 billion in 1945 to just under $1.7 trillion in 1975. By 1975, the US economy represented some 35% of the entire world industrial output, and the US economy was over 3 times larger than that of Japan, the next largest economy.<sup id="cite_ref-33" class="reference"><a href="#cite_note-33"><span class="cite-bracket">[</span>33<span class="cite-bracket">]</span></a></sup> The expansion was interrupted in the United States by five <a href="/wiki/Recession" title="Recession">recessions</a> (<a href="/wiki/Recession_of_1949" title="Recession of 1949">1948–49</a>, <a href="/wiki/Recession_of_1953" title="Recession of 1953">1953–54</a>, <a href="/wiki/Recession_of_1958" title="Recession of 1958">1957–58</a>, <a href="/wiki/Recession_of_1960%E2%80%9361" class="mw-redirect" title="Recession of 1960–61">1960–61</a>, and <a href="/wiki/Recession_of_1969%E2%80%9370" class="mw-redirect" title="Recession of 1969–70">1969–70</a>). </p><p>$200 billion in <a href="/wiki/War_bonds" class="mw-redirect" title="War bonds">war bonds</a> matured, and the <a href="/wiki/G.I._Bill" title="G.I. Bill">G.I. Bill</a> financed a well-educated work force. The middle class swelled, as did GDP and productivity. The US underwent its own golden age of economic growth. This growth was distributed fairly evenly across the economic classes, which some attribute to the strength of <a href="/wiki/Labor_history_of_the_United_States" title="Labor history of the United States">labor unions</a> in this period—labor union membership peaked during the 1950s. Much of the growth came from the movement of low-income farm workers into better-paying jobs in the towns and cities—a process largely completed by 1960.<sup id="cite_ref-34" class="reference"><a href="#cite_note-34"><span class="cite-bracket">[</span>34<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="West_Germany">West Germany</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Post%E2%80%93World_War_II_economic_expansion&action=edit&section=23" title="Edit section: West Germany"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1236090951"><div role="note" class="hatnote navigation-not-searchable">Main article: <a href="/wiki/Wirtschaftswunder" title="Wirtschaftswunder">Wirtschaftswunder</a></div> <figure class="mw-default-size" typeof="mw:File/Thumb"><a href="/wiki/File:Bundesarchiv_B_145_Bild-F038788-0006,_Wolfsburg,_VW_Autowerk,_K%C3%A4fer.jpg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/a/a3/Bundesarchiv_B_145_Bild-F038788-0006%2C_Wolfsburg%2C_VW_Autowerk%2C_K%C3%A4fer.jpg/220px-Bundesarchiv_B_145_Bild-F038788-0006%2C_Wolfsburg%2C_VW_Autowerk%2C_K%C3%A4fer.jpg" decoding="async" width="220" height="138" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/a/a3/Bundesarchiv_B_145_Bild-F038788-0006%2C_Wolfsburg%2C_VW_Autowerk%2C_K%C3%A4fer.jpg/330px-Bundesarchiv_B_145_Bild-F038788-0006%2C_Wolfsburg%2C_VW_Autowerk%2C_K%C3%A4fer.jpg 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/a/a3/Bundesarchiv_B_145_Bild-F038788-0006%2C_Wolfsburg%2C_VW_Autowerk%2C_K%C3%A4fer.jpg/440px-Bundesarchiv_B_145_Bild-F038788-0006%2C_Wolfsburg%2C_VW_Autowerk%2C_K%C3%A4fer.jpg 2x" data-file-width="800" data-file-height="503" /></a><figcaption>Assembly of the <a href="/wiki/Volkswagen_Beetle" title="Volkswagen Beetle">Volkswagen Beetle</a> in West Germany</figcaption></figure> <p><a href="/wiki/West_Germany" title="West Germany">West Germany</a>, under Chancellor <a href="/wiki/Konrad_Adenauer" title="Konrad Adenauer">Konrad Adenauer</a> and economic minister <a href="/wiki/Ludwig_Erhard" title="Ludwig Erhard">Ludwig Erhard</a>, saw prolonged economic growth beginning in the early 1950s. Journalists dubbed it the <i><a href="/wiki/Wirtschaftswunder" title="Wirtschaftswunder">Wirtschaftswunder</a></i> or "Economic Miracle".<sup id="cite_ref-35" class="reference"><a href="#cite_note-35"><span class="cite-bracket">[</span>35<span class="cite-bracket">]</span></a></sup> Industrial production doubled from 1950 to 1957, and gross national product grew at a rate of 9 or 10% per year, providing the engine for economic growth of all of Western Europe. Labor unions' support of the new policies, postponed wage increases, minimized strikes, supported technological modernization, and a policy of co-determination (Mitbestimmung), which involved a satisfactory grievance resolution system and required the representation of workers on the boards of large corporations,<sup id="cite_ref-36" class="reference"><a href="#cite_note-36"><span class="cite-bracket">[</span>36<span class="cite-bracket">]</span></a></sup> all contributed to such a prolonged economic growth. The recovery was accelerated by the <a href="/wiki/Deutsche_Mark#Currency_reform_of_June_1948" title="Deutsche Mark">currency reform of June 1948</a>, US gifts of $1.4 billion <a href="/wiki/Marshall_Plan" title="Marshall Plan">Marshall Plan</a> aid, the breaking down of old trade barriers and traditional practices, and the opening of the global market.<sup id="cite_ref-37" class="reference"><a href="#cite_note-37"><span class="cite-bracket">[</span>37<span class="cite-bracket">]</span></a></sup> West Germany gained legitimacy and respect, as it shed the horrible reputation Germany had gained under the Nazis. West Germany played a central role in the creation of European cooperation; it joined <a href="/wiki/NATO" title="NATO">NATO</a> in 1955 and was a founding member of the <a href="/wiki/European_Economic_Community" title="European Economic Community">European Economic Community</a> in 1958. </p> <div class="mw-heading mw-heading2"><h2 id="Effects">Effects</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Post%E2%80%93World_War_II_economic_expansion&action=edit&section=24" title="Edit section: Effects"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1251242444"><table class="box-Unreferenced_section plainlinks metadata ambox ambox-content ambox-Unreferenced" role="presentation"><tbody><tr><td class="mbox-image"><div class="mbox-image-div"><span typeof="mw:File"><a href="/wiki/File:Question_book-new.svg" class="mw-file-description"><img alt="" src="//upload.wikimedia.org/wikipedia/en/thumb/9/99/Question_book-new.svg/50px-Question_book-new.svg.png" decoding="async" width="50" height="39" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/en/thumb/9/99/Question_book-new.svg/75px-Question_book-new.svg.png 1.5x, //upload.wikimedia.org/wikipedia/en/thumb/9/99/Question_book-new.svg/100px-Question_book-new.svg.png 2x" data-file-width="512" data-file-height="399" /></a></span></div></td><td class="mbox-text"><div class="mbox-text-span">This section <b>does not <a href="/wiki/Wikipedia:Citing_sources" title="Wikipedia:Citing sources">cite</a> any <a href="/wiki/Wikipedia:Verifiability" title="Wikipedia:Verifiability">sources</a></b>.<span class="hide-when-compact"> Please help <a href="/wiki/Special:EditPage/Post%E2%80%93World_War_II_economic_expansion" title="Special:EditPage/Post–World War II economic expansion">improve this section</a> by <a href="/wiki/Help:Referencing_for_beginners" title="Help:Referencing for beginners">adding citations to reliable sources</a>. Unsourced material may be challenged and <a href="/wiki/Wikipedia:Verifiability#Burden_of_evidence" title="Wikipedia:Verifiability">removed</a>.</span> <span class="date-container"><i>(<span class="date">March 2023</span>)</i></span><span class="hide-when-compact"><i> (<small><a href="/wiki/Help:Maintenance_template_removal" title="Help:Maintenance template removal">Learn how and when to remove this message</a></small>)</i></span></div></td></tr></tbody></table> <figure class="mw-default-size" typeof="mw:File/Thumb"><a href="/wiki/File:Old_Mods_photo.jpg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/5/57/Old_Mods_photo.jpg/250px-Old_Mods_photo.jpg" decoding="async" width="250" height="198" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/5/57/Old_Mods_photo.jpg 1.5x" data-file-width="354" data-file-height="281" /></a><figcaption>The increased free time of adolescents caused the rise of <a href="/wiki/Youth_subculture" title="Youth subculture">youth subcultures</a> such as <a href="/wiki/Mod_(subculture)" title="Mod (subculture)">Mods</a>.</figcaption></figure> <p>The post-war economic boom had many social, cultural, and political effects (not least of which was the demographic bulge termed the <a href="/wiki/Post%E2%80%93World_War_II_baby_boom" class="mw-redirect" title="Post–World War II baby boom">baby boom</a>). Movements and phenomena associated with this period include the height of the <a href="/wiki/Cold_War" title="Cold War">Cold War</a>, <a href="/wiki/Postmodernism" title="Postmodernism">postmodernism</a>, <a href="/wiki/Decolonisation" class="mw-redirect" title="Decolonisation">decolonisation</a>, a marked increase in <a href="/wiki/Consumerism" title="Consumerism">consumerism</a>, the <a href="/wiki/Welfare_state" title="Welfare state">welfare state</a>, the <a href="/wiki/Space_race" class="mw-redirect" title="Space race">space race</a>, the <a href="/wiki/Non-Aligned_Movement" title="Non-Aligned Movement">Non-Aligned Movement</a>, <a href="/wiki/Import_substitution" class="mw-redirect" title="Import substitution">import substitution</a>, <a href="/wiki/Counterculture_of_the_1960s" title="Counterculture of the 1960s">counterculture of the 1960s</a>, opposition to the <a href="/wiki/Vietnam_War" title="Vietnam War">Vietnam War</a>, the <a href="/wiki/Civil_rights_movement" title="Civil rights movement">civil rights movement</a>, the <a href="/wiki/Sexual_revolution" title="Sexual revolution">sexual revolution</a>, the beginning of <a href="/wiki/Second-wave_feminism" title="Second-wave feminism">second-wave feminism</a>, and a nuclear <a href="/wiki/Arms_race" title="Arms race">arms race</a>. In the United States, the middle-class began a mass migration away from the cities and towards the suburbs; it was a period of prosperity in which most people could enjoy a job for life, a house, and a family. </p><p>In the West, there emerged a near-complete consensus against strong ideology and a belief that technocratic and scientific solutions could be found to most of humanity's problems, a view advanced by US President <a href="/wiki/John_F._Kennedy" title="John F. Kennedy">John F. Kennedy</a> in 1962. This optimism was symbolized through such events as the <a href="/wiki/1964_New_York_World%27s_Fair" title="1964 New York World's Fair">1964 New York World's Fair</a>, and <a href="/wiki/Lyndon_B._Johnson" title="Lyndon B. Johnson">Lyndon B. Johnson</a>'s <a href="/wiki/Great_Society" title="Great Society">Great Society</a> programs, which aimed at eliminating poverty in the United States. </p> <div class="mw-heading mw-heading2"><h2 id="Decline">Decline</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Post%E2%80%93World_War_II_economic_expansion&action=edit&section=25" title="Edit section: Decline"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1251242444"><table class="box-Unreferenced_section plainlinks metadata ambox ambox-content ambox-Unreferenced" role="presentation"><tbody><tr><td class="mbox-image"><div class="mbox-image-div"><span typeof="mw:File"><a href="/wiki/File:Question_book-new.svg" class="mw-file-description"><img alt="" src="//upload.wikimedia.org/wikipedia/en/thumb/9/99/Question_book-new.svg/50px-Question_book-new.svg.png" decoding="async" width="50" height="39" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/en/thumb/9/99/Question_book-new.svg/75px-Question_book-new.svg.png 1.5x, //upload.wikimedia.org/wikipedia/en/thumb/9/99/Question_book-new.svg/100px-Question_book-new.svg.png 2x" data-file-width="512" data-file-height="399" /></a></span></div></td><td class="mbox-text"><div class="mbox-text-span">This section <b>does not <a href="/wiki/Wikipedia:Citing_sources" title="Wikipedia:Citing sources">cite</a> any <a href="/wiki/Wikipedia:Verifiability" title="Wikipedia:Verifiability">sources</a></b>.<span class="hide-when-compact"> Please help <a href="/wiki/Special:EditPage/Post%E2%80%93World_War_II_economic_expansion" title="Special:EditPage/Post–World War II economic expansion">improve this section</a> by <a href="/wiki/Help:Referencing_for_beginners" title="Help:Referencing for beginners">adding citations to reliable sources</a>. Unsourced material may be challenged and <a href="/wiki/Wikipedia:Verifiability#Burden_of_evidence" title="Wikipedia:Verifiability">removed</a>.</span> <span class="date-container"><i>(<span class="date">March 2023</span>)</i></span><span class="hide-when-compact"><i> (<small><a href="/wiki/Help:Maintenance_template_removal" title="Help:Maintenance template removal">Learn how and when to remove this message</a></small>)</i></span></div></td></tr></tbody></table> <p>The sharp rise in oil prices due to the <a href="/wiki/1973_oil_crisis" title="1973 oil crisis">1973 oil crisis</a> hastened the transition to the <a href="/wiki/Post-industrial_economy" title="Post-industrial economy">post-industrial economy</a>, and a multitude of social problems have since emerged. During the 1970s <a href="/wiki/Steel_crisis" title="Steel crisis">steel crisis</a>, demand for steel declined, and the Western world faced competition from <a href="/wiki/Newly_industrialized_countries" class="mw-redirect" title="Newly industrialized countries">newly industrialized countries</a>. This was especially harsh for mining and steel districts such as the North American <a href="/wiki/Rust_Belt" title="Rust Belt">Rust Belt</a> and the West German <a href="/wiki/Ruhr_area" class="mw-redirect" title="Ruhr area">Ruhr area</a>. </p> <div class="mw-heading mw-heading2"><h2 id="See_also">See also</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Post%E2%80%93World_War_II_economic_expansion&action=edit&section=26" title="Edit section: See also"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <ul><li><a href="/wiki/Four_Asian_Tigers" title="Four Asian Tigers">Four Asian Tigers</a> – Economies of South Korea, Taiwan, Singapore and Hong Kong</li> <li><a href="/wiki/Great_acceleration" class="mw-redirect" title="Great acceleration">Great acceleration</a> – Surge in human activity and impact upon the Earth<span style="display:none" class="category-annotation-with-redirected-description">Pages displaying short descriptions of redirect targets</span></li> <li><a href="/wiki/Mexican_miracle" title="Mexican miracle">Mexican miracle</a> – Term for Mexico's economic growth, 1954–1970</li> <li><a href="/wiki/Nixon_shock" title="Nixon shock">Nixon shock</a> – 1971 decoupling of the US dollar from gold</li> <li><a href="/wiki/Post-war_consensus" title="Post-war consensus">Post-war consensus</a> – Period in British political history, 1945 to 1970s</li> <li><a href="/wiki/Spanish_miracle" title="Spanish miracle">Spanish miracle</a> – Economic boom in Spain 1959-1974</li></ul> <div class="mw-heading mw-heading2"><h2 id="Notes_and_references">Notes and references</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Post%E2%80%93World_War_II_economic_expansion&action=edit&section=27" title="Edit section: Notes and references"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <style data-mw-deduplicate="TemplateStyles:r1239543626">.mw-parser-output .reflist{margin-bottom:0.5em;list-style-type:decimal}@media screen{.mw-parser-output .reflist{font-size:90%}}.mw-parser-output .reflist .references{font-size:100%;margin-bottom:0;list-style-type:inherit}.mw-parser-output .reflist-columns-2{column-width:30em}.mw-parser-output .reflist-columns-3{column-width:25em}.mw-parser-output .reflist-columns{margin-top:0.3em}.mw-parser-output .reflist-columns ol{margin-top:0}.mw-parser-output .reflist-columns li{page-break-inside:avoid;break-inside:avoid-column}.mw-parser-output .reflist-upper-alpha{list-style-type:upper-alpha}.mw-parser-output .reflist-upper-roman{list-style-type:upper-roman}.mw-parser-output .reflist-lower-alpha{list-style-type:lower-alpha}.mw-parser-output .reflist-lower-greek{list-style-type:lower-greek}.mw-parser-output .reflist-lower-roman{list-style-type:lower-roman}</style><div class="reflist reflist-columns references-column-width" style="column-width: 30em;"> <ol class="references"> <li id="cite_note-Oxford-1"><span class="mw-cite-backlink">^ <a href="#cite_ref-Oxford_1-0"><sup><i><b>a</b></i></sup></a> <a href="#cite_ref-Oxford_1-1"><sup><i><b>b</b></i></sup></a></span> <span class="reference-text"><style data-mw-deduplicate="TemplateStyles:r1238218222">.mw-parser-output cite.citation{font-style:inherit;word-wrap:break-word}.mw-parser-output .citation q{quotes:"\"""\"""'""'"}.mw-parser-output .citation:target{background-color:rgba(0,127,255,0.133)}.mw-parser-output .id-lock-free.id-lock-free a{background:url("//upload.wikimedia.org/wikipedia/commons/6/65/Lock-green.svg")right 0.1em center/9px no-repeat}.mw-parser-output .id-lock-limited.id-lock-limited a,.mw-parser-output .id-lock-registration.id-lock-registration a{background:url("//upload.wikimedia.org/wikipedia/commons/d/d6/Lock-gray-alt-2.svg")right 0.1em center/9px no-repeat}.mw-parser-output .id-lock-subscription.id-lock-subscription a{background:url("//upload.wikimedia.org/wikipedia/commons/a/aa/Lock-red-alt-2.svg")right 0.1em center/9px no-repeat}.mw-parser-output .cs1-ws-icon a{background:url("//upload.wikimedia.org/wikipedia/commons/4/4c/Wikisource-logo.svg")right 0.1em center/12px no-repeat}body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-free a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-limited a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-registration a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-subscription a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .cs1-ws-icon a{background-size:contain;padding:0 1em 0 0}.mw-parser-output .cs1-code{color:inherit;background:inherit;border:none;padding:inherit}.mw-parser-output .cs1-hidden-error{display:none;color:var(--color-error,#d33)}.mw-parser-output .cs1-visible-error{color:var(--color-error,#d33)}.mw-parser-output .cs1-maint{display:none;color:#085;margin-left:0.3em}.mw-parser-output .cs1-kern-left{padding-left:0.2em}.mw-parser-output .cs1-kern-right{padding-right:0.2em}.mw-parser-output .citation .mw-selflink{font-weight:inherit}@media screen{.mw-parser-output .cs1-format{font-size:95%}html.skin-theme-clientpref-night .mw-parser-output .cs1-maint{color:#18911f}}@media screen and (prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .cs1-maint{color:#18911f}}</style><cite id="CITEREFMarglinSchor1992" class="citation book cs1">Marglin, Stephen A.; Schor, Juliet B. (1992). <i>The Golden Age of Capitalism: Reinterpreting the Postwar Experience</i>. Oxford University Press. <a href="/wiki/Doi_(identifier)" class="mw-redirect" title="Doi (identifier)">doi</a>:<a rel="nofollow" class="external text" href="https://doi.org/10.1093%2Facprof%3Aoso%2F9780198287414.001.0001">10.1093/acprof:oso/9780198287414.001.0001</a>. <a href="/wiki/ISBN_(identifier)" class="mw-redirect" title="ISBN (identifier)">ISBN</a> <a href="/wiki/Special:BookSources/9780198287414" title="Special:BookSources/9780198287414"><bdi>9780198287414</bdi></a>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=book&rft.btitle=The+Golden+Age+of+Capitalism%3A+Reinterpreting+the+Postwar+Experience&rft.pub=Oxford+University+Press&rft.date=1992&rft_id=info%3Adoi%2F10.1093%2Facprof%3Aoso%2F9780198287414.001.0001&rft.isbn=9780198287414&rft.aulast=Marglin&rft.aufirst=Stephen+A.&rft.au=Schor%2C+Juliet+B.&rfr_id=info%3Asid%2Fen.wikipedia.org%3APost%E2%80%93World+War+II+economic+expansion" class="Z3988"></span></span> </li> <li id="cite_note-2"><span class="mw-cite-backlink"><b><a href="#cite_ref-2">^</a></b></span> <span class="reference-text"><a rel="nofollow" class="external text" href="https://www.un.org/development/desa/dpad/wp-content/uploads/sites/45/WESS_2017_ch2.pdf">"Post-war reconstruction and development in the Golden Age of Capitalism"</a>, Ch. 2 in <i>World Economic and Social Survey 2017</i>. United Nations (2017)</span> </li> <li id="cite_note-3"><span class="mw-cite-backlink"><b><a href="#cite_ref-3">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFMiddleton2000" class="citation book cs1">Middleton, Roger (2000). <i>The British Economy Since 1945</i>. Palgrave Macmillan. p. 3. <a href="/wiki/ISBN_(identifier)" class="mw-redirect" title="ISBN (identifier)">ISBN</a> <a href="/wiki/Special:BookSources/0-333-68483-4" title="Special:BookSources/0-333-68483-4"><bdi>0-333-68483-4</bdi></a>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=book&rft.btitle=The+British+Economy+Since+1945&rft.pages=3&rft.pub=Palgrave+Macmillan&rft.date=2000&rft.isbn=0-333-68483-4&rft.aulast=Middleton&rft.aufirst=Roger&rfr_id=info%3Asid%2Fen.wikipedia.org%3APost%E2%80%93World+War+II+economic+expansion" class="Z3988"></span></span> </li> <li id="cite_note-return-4"><span class="mw-cite-backlink">^ <a href="#cite_ref-return_4-0"><sup><i><b>a</b></i></sup></a> <a href="#cite_ref-return_4-1"><sup><i><b>b</b></i></sup></a></span> <span class="reference-text"> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFSkidelsky2009" class="citation book cs1">Skidelsky, Robert (2009). <a rel="nofollow" class="external text" href="https://archive.org/details/keynesreturnofma0000skid/page/116"><i>Keynes: The Return of the Master</i></a>. Allen Lane. pp. <a rel="nofollow" class="external text" href="https://archive.org/details/keynesreturnofma0000skid/page/116">116, 126</a>. <a href="/wiki/ISBN_(identifier)" class="mw-redirect" title="ISBN (identifier)">ISBN</a> <a href="/wiki/Special:BookSources/978-1-84614-258-1" title="Special:BookSources/978-1-84614-258-1"><bdi>978-1-84614-258-1</bdi></a>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=book&rft.btitle=Keynes%3A+The+Return+of+the+Master&rft.pages=116%2C+126&rft.pub=Allen+Lane&rft.date=2009&rft.isbn=978-1-84614-258-1&rft.aulast=Skidelsky&rft.aufirst=Robert&rft_id=https%3A%2F%2Farchive.org%2Fdetails%2Fkeynesreturnofma0000skid%2Fpage%2F116&rfr_id=info%3Asid%2Fen.wikipedia.org%3APost%E2%80%93World+War+II+economic+expansion" class="Z3988"></span></span> </li> <li id="cite_note-5"><span class="mw-cite-backlink"><b><a href="#cite_ref-5">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFMarglinSchor1991" class="citation book cs1">Marglin, Stephen A.; Schor, Juliet B. (1991). <a rel="nofollow" class="external text" href="https://books.google.com/books?id=cqGVVkw4JhgC&pg=PA1"><i>The Golden Age of Capitalism</i></a>. Clarendon Press. p. 1. <a href="/wiki/ISBN_(identifier)" class="mw-redirect" title="ISBN (identifier)">ISBN</a> <a href="/wiki/Special:BookSources/9780198287414" title="Special:BookSources/9780198287414"><bdi>9780198287414</bdi></a><span class="reference-accessdate">. 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Norton & Company</a>. pp. 562–98. <a href="/wiki/ISBN_(identifier)" class="mw-redirect" title="ISBN (identifier)">ISBN</a> <a href="/wiki/Special:BookSources/978-0-393-04156-9" title="Special:BookSources/978-0-393-04156-9"><bdi>978-0-393-04156-9</bdi></a>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=book&rft.btitle=Japan%3A+A+Modern+History&rft.place=New+York%2C+NY&rft.pages=562-98&rft.pub=W.+W.+Norton+%26+Company&rft.date=2002&rft.isbn=978-0-393-04156-9&rft.aulast=McClain&rft.aufirst=James+L.&rft_id=https%3A%2F%2Farchive.org%2Fdetails%2Fjapanmodernhisto00mccl&rfr_id=info%3Asid%2Fen.wikipedia.org%3APost%E2%80%93World+War+II+economic+expansion" class="Z3988"></span></span> </li> <li id="cite_note-25"><span class="mw-cite-backlink"><b><a href="#cite_ref-25">^</a></b></span> <span class="reference-text">Brinckmann, Hans and Rogge, Ysbrand (2008). <i>Showa Japan: The Post-War Golden Age and Its Troubled Legacy</i>.</span> </li> <li id="cite_note-26"><span class="mw-cite-backlink"><b><a href="#cite_ref-26">^</a></b></span> <span class="reference-text">Ofer, Gur (1973) <i>The service sector in Soviet economic growth</i>. <a rel="nofollow" class="external text" href="https://archive.org/details/servicesectorins00ofer/page/21">p. 21</a>. 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(2004) <i>The United States and Germany in the Era of the Cold War, 1945–1968</i>. Cambridge University Press. Vol 1. pp. 291–309. <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><a href="/wiki/ISBN_(identifier)" class="mw-redirect" title="ISBN (identifier)">ISBN</a> <a href="/wiki/Special:BookSources/9781139052436" title="Special:BookSources/9781139052436">9781139052436</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><a href="/wiki/Doi_(identifier)" class="mw-redirect" title="Doi (identifier)">doi</a>:<a rel="nofollow" class="external text" href="https://doi.org/10.1017%2FCBO9781139052436">10.1017/CBO9781139052436</a></span> </li> </ol></div> <div class="mw-heading mw-heading2"><h2 id="Further_reading">Further reading</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Post%E2%80%93World_War_II_economic_expansion&action=edit&section=28" title="Edit section: Further reading"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <ul><li>Boltho, Andrea, ed. <i>The European Economy – Growth and Crisis</i> (Oxford University Press, 1982).</li> <li><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFBremner2004" class="citation book cs1">Bremner, Robert (2004). <i>Chairman of the Fed: William McChesney Martin Jr. and the Creation of the American Financial System</i>. <a href="/wiki/New_Haven,_Connecticut" title="New Haven, Connecticut">New Haven, CT</a>: <a href="/wiki/Yale_University_Press" title="Yale University Press">Yale University Press</a>. <a href="/wiki/ISBN_(identifier)" class="mw-redirect" title="ISBN (identifier)">ISBN</a> <a href="/wiki/Special:BookSources/978-0300105087" title="Special:BookSources/978-0300105087"><bdi>978-0300105087</bdi></a>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=book&rft.btitle=Chairman+of+the+Fed%3A+William+McChesney+Martin+Jr.+and+the+Creation+of+the+American+Financial+System&rft.place=New+Haven%2C+CT&rft.pub=Yale+University+Press&rft.date=2004&rft.isbn=978-0300105087&rft.aulast=Bremner&rft.aufirst=Robert&rfr_id=info%3Asid%2Fen.wikipedia.org%3APost%E2%80%93World+War+II+economic+expansion" class="Z3988"></span>.</li> <li>Brinckmann, Hans, and <a href="/wiki/Michael_Rogge" title="Michael Rogge">Ysbrand Rogge</a>. <i>Showa Japan: The Post-War Golden Age and Its Troubled Legacy</i> (2008).</li> <li>Bullock, Paul and Yaffe, David [1975] <a rel="nofollow" class="external text" href="http://revolutionarycommunist.org/capitalist-crisis/1426-inflation-the-crisis-and-the-post-war-boom-from-revolutionary-communist-no-34-second-edition-nov-1979"><i>Inflation, the Crisis and the Post-War Boom</i></a> RC 3/4 November 1975, RCG.</li> <li>Crafts, N. and G. Toniolo, eds. <i>Economic Growth in Europe since 1945</i> (Cambridge University Press, 1996).</li> <li><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFCairncrossCairncross1994" class="citation cs2">Cairncross, Frances; Cairncross, Alec (1994), <i>The Legacy of the Golden Age: 1960s and Their Economic Consequences</i>, <a href="/wiki/Routledge" title="Routledge">Routledge</a></cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=book&rft.btitle=The+Legacy+of+the+Golden+Age%3A+1960s+and+Their+Economic+Consequences&rft.pub=Routledge&rft.date=1994&rft.aulast=Cairncross&rft.aufirst=Frances&rft.au=Cairncross%2C+Alec&rfr_id=info%3Asid%2Fen.wikipedia.org%3APost%E2%80%93World+War+II+economic+expansion" class="Z3988"></span></li> <li><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFFriedmanSchwarz1993" class="citation book cs1"><a href="/wiki/Milton_Friedman" title="Milton Friedman">Friedman, Milton</a>; <a href="/wiki/Anna_Schwartz" title="Anna Schwartz">Schwarz, Anna J.</a> (1993) [1963]. <i>A Monetary History of the United States, 1867–1960</i> (9th ed.). <a href="/wiki/Princeton,_New_Jersey" title="Princeton, New Jersey">Princeton, NJ</a>: <a href="/wiki/Princeton_University_Press" title="Princeton University Press">Princeton University Press</a>. pp. 574–675. <a href="/wiki/ISBN_(identifier)" class="mw-redirect" title="ISBN (identifier)">ISBN</a> <a href="/wiki/Special:BookSources/978-0691003542" title="Special:BookSources/978-0691003542"><bdi>978-0691003542</bdi></a>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=book&rft.btitle=A+Monetary+History+of+the+United+States%2C+1867%E2%80%931960&rft.place=Princeton%2C+NJ&rft.pages=574-675&rft.edition=9th&rft.pub=Princeton+University+Press&rft.date=1993&rft.isbn=978-0691003542&rft.aulast=Friedman&rft.aufirst=Milton&rft.au=Schwarz%2C+Anna+J.&rfr_id=info%3Asid%2Fen.wikipedia.org%3APost%E2%80%93World+War+II+economic+expansion" class="Z3988"></span></li> <li><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFGreenspanWooldridge2018" class="citation book cs1"><a href="/wiki/Alan_Greenspan" title="Alan Greenspan">Greenspan, Alan</a>; <a href="/wiki/Adrian_Wooldridge" title="Adrian Wooldridge">Wooldridge, Adrian</a> (2018). <i>Capitalism in America: A History</i>. New York: <a href="/wiki/Penguin_Press" class="mw-redirect" title="Penguin Press">Penguin Press</a>. pp. 273–298. <a href="/wiki/ISBN_(identifier)" class="mw-redirect" title="ISBN (identifier)">ISBN</a> <a href="/wiki/Special:BookSources/978-0735222441" title="Special:BookSources/978-0735222441"><bdi>978-0735222441</bdi></a>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=book&rft.btitle=Capitalism+in+America%3A+A+History&rft.place=New+York&rft.pages=273-298&rft.pub=Penguin+Press&rft.date=2018&rft.isbn=978-0735222441&rft.aulast=Greenspan&rft.aufirst=Alan&rft.au=Wooldridge%2C+Adrian&rfr_id=info%3Asid%2Fen.wikipedia.org%3APost%E2%80%93World+War+II+economic+expansion" class="Z3988"></span></li> <li><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFKynaston2017" class="citation book cs1"><a href="/wiki/David_Kynaston" title="David Kynaston">Kynaston, David</a> (2017). <i>Till Time's Last Sand: A History of the Bank of England, 1694–2013</i>. New York: <a href="/wiki/Bloomsbury_Publishing" title="Bloomsbury Publishing">Bloomsbury</a>. pp. 391–501. <a href="/wiki/ISBN_(identifier)" class="mw-redirect" title="ISBN (identifier)">ISBN</a> <a href="/wiki/Special:BookSources/978-1408868560" title="Special:BookSources/978-1408868560"><bdi>978-1408868560</bdi></a>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=book&rft.btitle=Till+Time%27s+Last+Sand%3A+A+History+of+the+Bank+of+England%2C+1694%E2%80%932013&rft.place=New+York&rft.pages=391-501&rft.pub=Bloomsbury&rft.date=2017&rft.isbn=978-1408868560&rft.aulast=Kynaston&rft.aufirst=David&rfr_id=info%3Asid%2Fen.wikipedia.org%3APost%E2%80%93World+War+II+economic+expansion" class="Z3988"></span></li> <li><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFMarglinSchor1992" class="citation cs2">Marglin, Stephen A.; Schor, Juliet B. (1992), <a rel="nofollow" class="external text" href="https://archive.org/details/goldenageofcapit0000unse"><i>The Golden Age of Capitalism: Reinterpreting the Postwar Experience</i></a>, <a href="/wiki/Oxford_University_Press" title="Oxford University Press">Oxford University Press</a>, <a href="/wiki/ISBN_(identifier)" class="mw-redirect" title="ISBN (identifier)">ISBN</a> <a href="/wiki/Special:BookSources/978-0-19-828741-4" title="Special:BookSources/978-0-19-828741-4"><bdi>978-0-19-828741-4</bdi></a></cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=book&rft.btitle=The+Golden+Age+of+Capitalism%3A+Reinterpreting+the+Postwar+Experience&rft.pub=Oxford+University+Press&rft.date=1992&rft.isbn=978-0-19-828741-4&rft.aulast=Marglin&rft.aufirst=Stephen+A.&rft.au=Schor%2C+Juliet+B.&rft_id=https%3A%2F%2Farchive.org%2Fdetails%2Fgoldenageofcapit0000unse&rfr_id=info%3Asid%2Fen.wikipedia.org%3APost%E2%80%93World+War+II+economic+expansion" class="Z3988"></span></li> <li><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFMeltzer2003" class="citation book cs1"><a href="/wiki/Allan_H._Meltzer" title="Allan H. Meltzer">Meltzer, Allan H.</a> (2003). <i>A History of the Federal Reserve – Volume 1: 1913–1951</i>. Chicago: <a href="/wiki/University_of_Chicago_Press" title="University of Chicago Press">University of Chicago Press</a>. pp. 607–724. <a href="/wiki/ISBN_(identifier)" class="mw-redirect" title="ISBN (identifier)">ISBN</a> <a href="/wiki/Special:BookSources/978-0226520001" title="Special:BookSources/978-0226520001"><bdi>978-0226520001</bdi></a>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=book&rft.btitle=A+History+of+the+Federal+Reserve+%E2%80%93+Volume+1%3A+1913%E2%80%931951&rft.place=Chicago&rft.pages=607-724&rft.pub=University+of+Chicago+Press&rft.date=2003&rft.isbn=978-0226520001&rft.aulast=Meltzer&rft.aufirst=Allan+H.&rfr_id=info%3Asid%2Fen.wikipedia.org%3APost%E2%80%93World+War+II+economic+expansion" class="Z3988"></span></li> <li><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFMeltzer2009" class="citation book cs1"><a href="/wiki/Allan_H._Meltzer" title="Allan H. Meltzer">Meltzer, Allan H.</a> (2009). <i>A History of the Federal Reserve – Volume 2, Book 1: 1951–1969</i>. Chicago: <a href="/wiki/University_of_Chicago_Press" title="University of Chicago Press">University of Chicago Press</a>. <a href="/wiki/ISBN_(identifier)" class="mw-redirect" title="ISBN (identifier)">ISBN</a> <a href="/wiki/Special:BookSources/978-0226520025" title="Special:BookSources/978-0226520025"><bdi>978-0226520025</bdi></a>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=book&rft.btitle=A+History+of+the+Federal+Reserve+%E2%80%93+Volume+2%2C+Book+1%3A+1951%E2%80%931969&rft.place=Chicago&rft.pub=University+of+Chicago+Press&rft.date=2009&rft.isbn=978-0226520025&rft.aulast=Meltzer&rft.aufirst=Allan+H.&rfr_id=info%3Asid%2Fen.wikipedia.org%3APost%E2%80%93World+War+II+economic+expansion" class="Z3988"></span></li> <li><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFMeltzer2009" class="citation book cs1"><a href="/wiki/Allan_H._Meltzer" title="Allan H. Meltzer">Meltzer, Allan H.</a> (2009). <i>A History of the Federal Reserve – Volume 2, Book 2: 1970–1986</i>. Chicago: <a href="/wiki/University_of_Chicago_Press" title="University of Chicago Press">University of Chicago Press</a>. pp. 685–842. <a href="/wiki/ISBN_(identifier)" class="mw-redirect" title="ISBN (identifier)">ISBN</a> <a href="/wiki/Special:BookSources/978-0226213514" title="Special:BookSources/978-0226213514"><bdi>978-0226213514</bdi></a>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=book&rft.btitle=A+History+of+the+Federal+Reserve+%E2%80%93+Volume+2%2C+Book+2%3A+1970%E2%80%931986&rft.place=Chicago&rft.pages=685-842&rft.pub=University+of+Chicago+Press&rft.date=2009&rft.isbn=978-0226213514&rft.aulast=Meltzer&rft.aufirst=Allan+H.&rfr_id=info%3Asid%2Fen.wikipedia.org%3APost%E2%80%93World+War+II+economic+expansion" class="Z3988"></span></li> <li><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFWebberRigby1996" class="citation cs2">Webber, Michael John; Rigby, David L. (1996), <i>The golden age illusion: rethinking postwar capitalism</i></cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=book&rft.btitle=The+golden+age+illusion%3A+rethinking+postwar+capitalism&rft.date=1996&rft.aulast=Webber&rft.aufirst=Michael+John&rft.au=Rigby%2C+David+L.&rfr_id=info%3Asid%2Fen.wikipedia.org%3APost%E2%80%93World+War+II+economic+expansion" class="Z3988"></span></li> <li><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFWells1994" class="citation book cs1">Wells, Wyatt C. (1994). <a rel="nofollow" class="external text" href="https://books.google.com/books?id=lMKvB1qfsG8C&pg=PA43"><i>Economist in an Uncertain World: Arthur F. Burns and the Federal Reserve, 1970–1978</i></a>. New York: <a href="/wiki/Columbia_University_Press" title="Columbia University Press">Columbia University Press</a>. pp. 43–121. <a href="/wiki/ISBN_(identifier)" class="mw-redirect" title="ISBN (identifier)">ISBN</a> <a href="/wiki/Special:BookSources/978-0231084963" title="Special:BookSources/978-0231084963"><bdi>978-0231084963</bdi></a>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=book&rft.btitle=Economist+in+an+Uncertain+World%3A+Arthur+F.+Burns+and+the+Federal+Reserve%2C+1970%E2%80%931978&rft.place=New+York&rft.pages=43-121&rft.pub=Columbia+University+Press&rft.date=1994&rft.isbn=978-0231084963&rft.aulast=Wells&rft.aufirst=Wyatt+C.&rft_id=https%3A%2F%2Fbooks.google.com%2Fbooks%3Fid%3DlMKvB1qfsG8C%26pg%3DPA43&rfr_id=info%3Asid%2Fen.wikipedia.org%3APost%E2%80%93World+War+II+economic+expansion" class="Z3988"></span></li> <li>Yarrow, Andrew L. "<a rel="nofollow" class="external text" href="https://wayback.archive-it.org/all/20181113022641/http://www.publicagenda.com/files/The_Big_Postwar_Story_final%20_Journalism_History_article.pdf">The big postwar story: Abundance and the rise of economic journalism</a>". <i>Journalism History</i> 32.2 (2006): 58+.</li></ul> <div class="navbox-styles"><style data-mw-deduplicate="TemplateStyles:r1129693374">.mw-parser-output .hlist dl,.mw-parser-output .hlist ol,.mw-parser-output .hlist ul{margin:0;padding:0}.mw-parser-output .hlist dd,.mw-parser-output .hlist dt,.mw-parser-output .hlist li{margin:0;display:inline}.mw-parser-output .hlist.inline,.mw-parser-output .hlist.inline dl,.mw-parser-output .hlist.inline ol,.mw-parser-output .hlist.inline ul,.mw-parser-output .hlist dl dl,.mw-parser-output .hlist dl ol,.mw-parser-output .hlist dl ul,.mw-parser-output .hlist ol dl,.mw-parser-output .hlist ol ol,.mw-parser-output .hlist ol ul,.mw-parser-output .hlist ul dl,.mw-parser-output .hlist ul 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title="Greek economic miracle">Greece</a></li> <li><a href="/wiki/Four_Asian_Tigers" title="Four Asian Tigers">Hong Kong</a></li> <li><a href="/wiki/Italian_economic_miracle" title="Italian economic miracle">Italy</a></li> <li><a href="/wiki/Japanese_economic_miracle" title="Japanese economic miracle">Japan</a></li> <li><a href="/wiki/Mexican_miracle" title="Mexican miracle">Mexico</a></li> <li><a href="/wiki/Four_Asian_Tigers" title="Four Asian Tigers">Singapore</a></li> <li><a href="/wiki/Miracle_on_the_Han_River" title="Miracle on the Han River">South Korea</a></li> <li><a href="/wiki/Spanish_miracle" title="Spanish miracle">Spain</a></li> <li><a href="/wiki/Record_years" title="Record years">Sweden</a></li> <li><a href="/wiki/Taiwan_Miracle" title="Taiwan Miracle">Taiwan</a></li> <li><a href="/wiki/Wirtschaftswunder" title="Wirtschaftswunder">West Germany</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Later years</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Brazilian_Miracle" title="Brazilian Miracle">Brazil</a></li> <li><a href="/wiki/Miracle_of_Chile" title="Miracle of Chile">Chile</a></li> <li><a href="/wiki/Chinese_economic_reform" title="Chinese economic reform">China</a></li> <li><a href="/wiki/Baltic_Tiger" title="Baltic Tiger">Estonia</a></li> <li><a href="/wiki/Economic_development_in_India" title="Economic development in India">India</a></li> <li><a href="/wiki/Tiger_Cub_Economies" title="Tiger Cub Economies">Indonesia</a></li> <li><a href="/wiki/Celtic_Tiger" title="Celtic Tiger">Ireland</a></li> <li><a href="/wiki/Baltic_Tiger" title="Baltic Tiger">Latvia</a></li> <li><a href="/wiki/Baltic_Tiger" title="Baltic Tiger">Lithuania</a></li> <li><a href="/wiki/Tiger_Cub_Economies" title="Tiger Cub Economies">Malaysia</a></li> <li><a href="/wiki/Tiger_Cub_Economies" title="Tiger Cub Economies">Philippines</a></li> <li><a href="/wiki/Tatra_Tiger" title="Tatra Tiger">Slovakia</a></li> <li><a href="/wiki/Tiger_Cub_Economies" title="Tiger Cub Economies">Thailand</a></li> <li><a href="/wiki/Turkish_economic_boom_of_the_2000s" class="mw-redirect" title="Turkish economic boom of the 2000s">Turkey</a></li> <li>United Arab Emirates <ul><li><a href="/wiki/Gulf_Tiger" title="Gulf Tiger">Dubai</a></li></ul></li> <li>United States <ul><li><a href="/wiki/Massachusetts_Miracle" title="Massachusetts Miracle">Massachusetts</a></li></ul></li> <li><a href="/wiki/%C4%90%E1%BB%95i_M%E1%BB%9Bi" title="Đổi Mới">Vietnam</a></li></ul> </div></td></tr></tbody></table></div> <div class="navbox-styles"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1236075235"></div><div role="navigation" class="navbox" aria-labelledby="Cold_War" style=";wide;padding:3px"><table class="nowraplinks hlist mw-collapsible autocollapse navbox-inner" style="border-spacing:0;background:transparent;color:inherit"><tbody><tr><th scope="col" class="navbox-title" colspan="2" style="background-color:#C3D6EF;color:inherit;"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1239400231"><div class="navbar plainlinks hlist navbar-mini"><ul><li class="nv-view"><a href="/wiki/Template:Cold_War" title="Template:Cold War"><abbr title="View this template" style="color:inherit">v</abbr></a></li><li class="nv-talk"><a href="/wiki/Template_talk:Cold_War" title="Template talk:Cold War"><abbr title="Discuss this template" style="color:inherit">t</abbr></a></li><li class="nv-edit"><a href="/wiki/Special:EditPage/Template:Cold_War" title="Special:EditPage/Template:Cold War"><abbr title="Edit this template" style="color:inherit">e</abbr></a></li></ul></div><div id="Cold_War" style="font-size:114%;margin:0 4em"><a href="/wiki/Cold_War" title="Cold War">Cold War</a></div></th></tr><tr><td class="navbox-abovebelow" colspan="2" style="background-color:#DCDCDC;color:inherit;"><div> <ul><li><b><a href="/wiki/United_States" title="United States">United States</a></b></li> <li><b><a href="/wiki/Soviet_Union" title="Soviet Union">Soviet Union</a></b></li> <li><a href="/wiki/NATO" title="NATO">NATO</a></li> <li><a href="/wiki/Warsaw_Pact" title="Warsaw Pact">Warsaw Pact</a></li> <li><a href="/wiki/ANZUS" title="ANZUS">ANZUS</a></li> <li><a href="/wiki/Central_Treaty_Organization" title="Central Treaty Organization">METO</a></li> <li><a href="/wiki/Southeast_Asia_Treaty_Organization" title="Southeast Asia Treaty Organization">SEATO</a></li> <li><a href="/wiki/Northeast_Asia_Treaty_Organization" title="Northeast Asia Treaty Organization">NEATO</a></li> <li><a href="/wiki/Inter-American_Treaty_of_Reciprocal_Assistance" title="Inter-American Treaty of Reciprocal Assistance">Rio Pact</a></li> <li><a href="/wiki/Non-Aligned_Movement" title="Non-Aligned Movement">Non-Aligned Movement</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%;background-color:#DCDCDC;color:inherit;">1940s</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Morgenthau_Plan" title="Morgenthau Plan">Morgenthau Plan</a></li> <li><a href="/wiki/Hukbalahap_rebellion" title="Hukbalahap rebellion">Hukbalahap rebellion</a></li> <li><a href="/wiki/Jamaican_political_conflict" title="Jamaican political conflict">Jamaican political conflict</a></li> <li><a href="/wiki/Dekemvriana" title="Dekemvriana">Dekemvriana</a></li> <li><a href="/wiki/Guerrilla_war_in_the_Baltic_states" title="Guerrilla war in the Baltic states">Guerrilla war in the Baltic states</a> <ul><li><a href="/wiki/Operation_Priboi" title="Operation Priboi">Operation <i>Priboi</i></a></li> <li><a href="/wiki/Operation_Jungle" title="Operation Jungle">Operation <i>Jungle</i></a></li> <li><a href="/wiki/Occupation_of_the_Baltic_states" title="Occupation of the Baltic states">Occupation of the Baltic states</a></li></ul></li> <li><a href="/wiki/Cursed_soldiers" title="Cursed soldiers">Cursed soldiers</a></li> <li><a href="/wiki/Operation_Unthinkable" title="Operation Unthinkable">Operation <i>Unthinkable</i></a></li> <li><a href="/wiki/Gouzenko_Affair" title="Gouzenko Affair">Gouzenko Affair</a></li> <li><a href="/wiki/Division_of_Korea" title="Division of Korea">Division of Korea</a></li> <li><a href="/wiki/Indonesian_National_Revolution" title="Indonesian National Revolution">Indonesian National Revolution</a></li> <li><a href="/wiki/War_in_Vietnam_(1945%E2%80%931946)" title="War in Vietnam (1945–1946)">Operation <i>Masterdom</i></a></li> <li><a href="/wiki/Operation_Beleaguer" title="Operation Beleaguer">Operation <i>Beleaguer</i></a></li> <li><a href="/wiki/Operation_Blacklist_Forty" title="Operation Blacklist Forty">Operation <i>Blacklist Forty</i></a></li> <li><a href="/wiki/Iran_crisis_of_1946" title="Iran crisis of 1946">Iran crisis of 1946</a></li> <li><a href="/wiki/Greek_Civil_War" title="Greek Civil War">Greek Civil War</a></li> <li><a href="/wiki/Baruch_Plan" title="Baruch Plan">Baruch Plan</a></li> <li><a href="/wiki/Corfu_Channel_incident" title="Corfu Channel incident">Corfu Channel incident</a></li> <li><a href="/wiki/Turkish_Straits_crisis" title="Turkish Straits crisis">Turkish Straits crisis</a></li> <li><a href="/wiki/Restatement_of_Policy_on_Germany" title="Restatement of Policy on Germany">Restatement of Policy on Germany</a></li> <li><a href="/wiki/First_Indochina_War" title="First Indochina War">First Indochina War</a></li> <li><a href="/wiki/1947_Polish_parliamentary_election" title="1947 Polish parliamentary election">1947 Polish parliamentary election</a></li> <li><a href="/wiki/Truman_Doctrine" title="Truman Doctrine">Truman Doctrine</a></li> <li><a href="/wiki/Asian_Relations_Conference" title="Asian Relations Conference">Asian Relations Conference</a></li> <li><a href="/wiki/May_1947_crises" title="May 1947 crises">May 1947 crises</a></li> <li><a href="/wiki/Partition_of_India" title="Partition of India">Partition of India</a></li> <li><a href="/wiki/Indo-Pakistani_war_of_1947%E2%80%931948" title="Indo-Pakistani war of 1947–1948">Indo-Pakistani war of 1947–1948</a></li> <li><a href="/wiki/1948_Palestine_war" title="1948 Palestine war">1947–1949 Palestine war</a> <ul><li><a href="/wiki/1947%E2%80%931948_civil_war_in_Mandatory_Palestine" title="1947–1948 civil war in Mandatory Palestine">1947–1948 civil war in Mandatory Palestine</a></li> <li><a href="/wiki/1948_Arab%E2%80%93Israeli_War" title="1948 Arab–Israeli War">1948 Arab–Israeli War</a></li> <li><a href="/wiki/1948_Palestinian_expulsion_and_flight" title="1948 Palestinian expulsion and flight">1948 Palestinian expulsion and flight</a></li></ul></li> <li><a href="/wiki/Marshall_Plan" title="Marshall Plan">Marshall Plan</a></li> <li><a href="/wiki/Comecon" title="Comecon">Comecon</a></li> <li><a href="/wiki/1948_Czechoslovak_coup_d%27%C3%A9tat" title="1948 Czechoslovak coup d'état">1948 Czechoslovak coup d'état</a></li> <li><a href="/wiki/Allied_Control_Council#Incapacitation_of_the_council" title="Allied Control Council">Incapacitation of the Allied Control Council</a></li> <li><a href="/wiki/Al-Wathbah_uprising" title="Al-Wathbah uprising">Al-Wathbah uprising</a></li> <li><a href="/wiki/Tito%E2%80%93Stalin_split" title="Tito–Stalin split">Tito–Stalin split</a></li> <li><a href="/wiki/Berlin_Blockade" title="Berlin Blockade">Berlin Blockade</a></li> <li><a href="/wiki/Annexation_of_Hyderabad" title="Annexation of Hyderabad">Annexation of Hyderabad</a></li> <li><a href="/wiki/Madiun_Affair" title="Madiun Affair">Madiun Affair</a></li> <li><a href="/wiki/Western_betrayal" title="Western betrayal">Western betrayal</a></li> <li><a href="/wiki/Iron_Curtain" title="Iron Curtain">Iron Curtain</a></li> <li><a href="/wiki/Eastern_Bloc" title="Eastern Bloc">Eastern Bloc</a></li> <li><a href="/wiki/Western_Bloc" title="Western Bloc">Western Bloc</a></li> <li><a href="/wiki/Chinese_Civil_War" title="Chinese Civil War">Chinese Civil War</a> <ul><li><a href="/wiki/Chinese_Communist_Revolution" title="Chinese Communist Revolution">Chinese Communist Revolution</a></li></ul></li> <li><a href="/wiki/Malayan_Emergency" title="Malayan Emergency">Malayan Emergency</a></li> <li><a href="/wiki/March_1949_Syrian_coup_d%27%C3%A9tat" title="March 1949 Syrian coup d'état">March 1949 Syrian coup d'état</a></li> <li><a href="/wiki/Operation_Valuable" title="Operation Valuable">Operation Valuable</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%;background-color:#DCDCDC;color:inherit;">1950s</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Bamboo_curtain" title="Bamboo curtain">Bamboo curtain</a></li> <li><a href="/wiki/McCarthyism" title="McCarthyism">McCarthyism</a></li> <li><a href="/wiki/Korean_War" title="Korean War">Korean War</a></li> <li><a href="/wiki/Arab_Cold_War" title="Arab Cold War">Arab Cold War (1952–1979)</a></li> <li><a href="/wiki/1952_Egyptian_revolution" title="1952 Egyptian revolution">1952 Egyptian revolution</a></li> <li><a href="/wiki/Iraqi_Intifada_(1952)" title="Iraqi Intifada (1952)">Iraqi Intifada (1952)</a></li> <li><a href="/wiki/Mau_Mau_rebellion" title="Mau Mau rebellion">Mau Mau rebellion</a></li> <li><a href="/wiki/East_German_uprising_of_1953" title="East German uprising of 1953">East German uprising of 1953</a></li> <li><a href="/wiki/1953_Iranian_coup_d%27%C3%A9tat" title="1953 Iranian coup d'état">1953 Iranian coup d'état</a></li> <li><a href="/wiki/Pact_of_Madrid" title="Pact of Madrid">Pact of Madrid</a></li> <li><a href="/wiki/Bricker_Amendment" title="Bricker Amendment">Bricker Amendment</a></li> <li><a href="/wiki/1954_Syrian_coup_d%27%C3%A9tat" title="1954 Syrian coup d'état">1954 Syrian coup d'état</a></li> <li><a href="/wiki/Petrov_Affair" title="Petrov Affair">Petrov Affair</a></li> <li><a href="/wiki/Domino_theory" title="Domino theory">Domino theory</a></li> <li><a href="/wiki/1954_Geneva_Conference" title="1954 Geneva Conference">1954 Geneva Conference</a></li> <li><a href="/wiki/1954_Guatemalan_coup_d%27%C3%A9tat" title="1954 Guatemalan coup d'état">1954 Guatemalan coup d'état</a></li> <li><a href="/wiki/Capture_of_the_Tuapse" title="Capture of the Tuapse">Capture of the <i>Tuapse</i></a></li> <li><a href="/wiki/First_Taiwan_Strait_Crisis" title="First Taiwan Strait Crisis">First Taiwan Strait Crisis</a></li> <li><a href="/wiki/Jebel_Akhdar_War" title="Jebel Akhdar War">Jebel Akhdar War</a></li> <li><a href="/wiki/Algerian_War" title="Algerian War">Algerian War</a></li> <li><a href="/wiki/Kashmir_Princess" title="Kashmir Princess">Kashmir Princess</a></li> <li><a href="/wiki/Bandung_Conference" title="Bandung Conference">Bandung Conference</a></li> <li><a href="/wiki/Geneva_Summit_(1955)" title="Geneva Summit (1955)">Geneva Summit (1955)</a></li> <li><a href="/wiki/Vietnam_War" title="Vietnam War">Vietnam War</a></li> <li><a href="/wiki/Cyprus_Emergency" title="Cyprus Emergency">Cyprus Emergency</a></li> <li>"<a href="/wiki/On_the_Cult_of_Personality_and_Its_Consequences" title="On the Cult of Personality and Its Consequences">On the Cult of Personality and Its Consequences</a>"</li> <li><a href="/wiki/1956_Pozna%C5%84_protests" title="1956 Poznań protests">1956 Poznań protests</a></li> <li><a href="/wiki/Hungarian_Revolution_of_1956" title="Hungarian Revolution of 1956">Hungarian Revolution of 1956</a></li> <li><a href="/wiki/Polish_October" title="Polish October">Polish October</a></li> <li><a href="/wiki/Suez_Crisis" title="Suez Crisis">Suez Crisis</a></li> <li>"<a href="/wiki/We_will_bury_you" title="We will bury you">We will bury you</a>"</li> <li><a href="/wiki/Operation_Gladio" title="Operation Gladio">Operation <i>Gladio</i></a></li> <li><a href="/wiki/Syrian_Crisis_of_1957" title="Syrian Crisis of 1957">Syrian Crisis of 1957</a></li> <li><a href="/wiki/Sputnik_crisis" title="Sputnik crisis">Sputnik crisis</a></li> <li><a href="/wiki/Ifni_War" title="Ifni War">Ifni War</a></li> <li><a href="/wiki/14_July_Revolution" title="14 July Revolution">Iraqi 14 July Revolution</a></li> <li><a href="/wiki/1958_Lebanon_crisis" title="1958 Lebanon crisis">1958 Lebanon crisis</a></li> <li><a href="/wiki/Second_Taiwan_Strait_Crisis" title="Second Taiwan Strait Crisis">Second Taiwan Strait Crisis</a></li> <li><a href="/wiki/1959_Mosul_uprising" title="1959 Mosul uprising">1959 Mosul uprising</a></li> <li><a href="/wiki/1959_Tibetan_uprising" title="1959 Tibetan uprising">1959 Tibetan uprising</a></li> <li><a href="/wiki/Laotian_Civil_War" title="Laotian Civil War">Laotian Civil War</a></li> <li><a href="/wiki/Kitchen_Debate" title="Kitchen Debate">Kitchen Debate</a></li> <li><a href="/wiki/Cuban_Revolution" title="Cuban Revolution">Cuban Revolution</a> <ul><li><a href="/wiki/Consolidation_of_the_Cuban_Revolution" title="Consolidation of the Cuban Revolution">Consolidation of the Cuban Revolution</a></li></ul></li> <li><a href="/wiki/Sino-Soviet_split" title="Sino-Soviet split">Sino-Soviet split</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%;background-color:#DCDCDC;color:inherit;">1960s</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Congo_Crisis" title="Congo Crisis">Congo Crisis</a></li> <li><a href="/wiki/Simba_rebellion" title="Simba rebellion">Simba rebellion</a></li> <li><a href="/wiki/1960_U-2_incident" title="1960 U-2 incident">1960 U-2 incident</a></li> <li><a href="/wiki/Bay_of_Pigs_Invasion" title="Bay of Pigs Invasion">Bay of Pigs Invasion</a></li> <li><a href="/wiki/1960_Turkish_coup_d%27%C3%A9tat" title="1960 Turkish coup d'état">1960 Turkish coup d'état</a></li> <li><a href="/wiki/Albanian%E2%80%93Soviet_split" title="Albanian–Soviet split">Albanian–Soviet split</a> <ul><li><a href="/wiki/Expulsion_of_Soviets_from_Albania" title="Expulsion of Soviets from Albania">Expulsion of Soviets from Albania</a></li></ul></li> <li><a href="/wiki/Iraqi%E2%80%93Kurdish_conflict" title="Iraqi–Kurdish conflict">Iraqi–Kurdish conflict</a> <ul><li><a href="/wiki/First_Iraqi%E2%80%93Kurdish_War" title="First Iraqi–Kurdish War">First Iraqi–Kurdish War</a></li></ul></li> <li><a href="/wiki/Berlin_Crisis_of_1961" title="Berlin Crisis of 1961">Berlin Crisis of 1961</a></li> <li><a href="/wiki/Berlin_Wall" title="Berlin Wall">Berlin Wall</a></li> <li><a href="/wiki/Annexation_of_Goa" title="Annexation of Goa">Annexation of Goa</a></li> <li><a href="/wiki/Papua_conflict" title="Papua conflict">Papua conflict</a></li> <li><a href="/wiki/Indonesia%E2%80%93Malaysia_confrontation" title="Indonesia–Malaysia confrontation">Indonesia–Malaysia confrontation</a></li> <li><a href="/wiki/Sand_War" title="Sand War">Sand War</a></li> <li><a href="/wiki/Portuguese_Colonial_War" title="Portuguese Colonial War">Portuguese Colonial War</a> <ul><li><a href="/wiki/Angolan_War_of_Independence" title="Angolan War of Independence">Angolan War of Independence</a></li> <li><a href="/wiki/Guinea-Bissau_War_of_Independence" title="Guinea-Bissau War of Independence">Guinea-Bissau War of Independence</a></li> <li><a href="/wiki/Mozambican_War_of_Independence" title="Mozambican War of Independence">Mozambican War of Independence</a></li></ul></li> <li><a href="/wiki/Cuban_Missile_Crisis" title="Cuban Missile Crisis">Cuban Missile Crisis</a></li> <li><a href="/wiki/El_Porte%C3%B1azo" title="El Porteñazo">El Porteñazo</a></li> <li><a href="/wiki/Sino-Indian_War" title="Sino-Indian War">Sino-Indian War</a></li> <li><a href="/wiki/Communist_insurgency_in_Sarawak" title="Communist insurgency in Sarawak">Communist insurgency in Sarawak</a></li> <li><a href="/wiki/Ramadan_Revolution" title="Ramadan Revolution">Ramadan Revolution</a></li> <li><a href="/wiki/Eritrean_War_of_Independence" title="Eritrean War of Independence">Eritrean War of Independence</a></li> <li><a href="/wiki/North_Yemen_Civil_War" title="North Yemen Civil War">North Yemen Civil War</a></li> <li><a href="/wiki/1963_Syrian_coup_d%27%C3%A9tat" title="1963 Syrian coup d'état">1963 Syrian coup d'état</a></li> <li><a href="/wiki/Assassination_of_John_F._Kennedy" title="Assassination of John F. Kennedy">Assassination of John F. Kennedy</a></li> <li><a href="/wiki/Aden_Emergency" title="Aden Emergency">Aden Emergency</a></li> <li><a href="/wiki/Cypriot_intercommunal_violence#Crisis_of_1963–1964" title="Cypriot intercommunal violence">Cyprus crisis of 1963–1964</a></li> <li><a href="/wiki/Shifta_War" title="Shifta War">Shifta War</a></li> <li><a href="/wiki/Mexican_Dirty_War" title="Mexican Dirty War">Mexican Dirty War</a> <ul><li><a href="/wiki/Tlatelolco_massacre" title="Tlatelolco massacre">Tlatelolco massacre</a></li></ul></li> <li><a href="/wiki/Guatemalan_Civil_War" title="Guatemalan Civil War">Guatemalan Civil War</a></li> <li><a href="/wiki/Colombian_conflict" title="Colombian conflict">Colombian conflict</a></li> <li><a href="/wiki/1964_Brazilian_coup_d%27%C3%A9tat" title="1964 Brazilian coup d'état">1964 Brazilian coup d'état</a></li> <li><a href="/wiki/Dominican_Civil_War" title="Dominican Civil War">Dominican Civil War</a></li> <li><a href="/wiki/Rhodesian_Bush_War" title="Rhodesian Bush War">Rhodesian Bush War</a></li> <li><a href="/wiki/Indonesian_mass_killings_of_1965%E2%80%9366" title="Indonesian mass killings of 1965–66">Indonesian mass killings of 1965–1966</a></li> <li><a href="/wiki/Transition_to_the_New_Order" title="Transition to the New Order">Transition to the New Order (Indonesia)</a></li> <li><a href="/wiki/ASEAN_Declaration" title="ASEAN Declaration">ASEAN Declaration</a></li> <li><a href="/wiki/1966_Syrian_coup_d%27%C3%A9tat" title="1966 Syrian coup d'état">1966 Syrian coup d'état</a></li> <li><a href="/wiki/Cultural_Revolution" title="Cultural Revolution">Cultural Revolution</a></li> <li><a href="/wiki/Argentine_Revolution" title="Argentine Revolution">Argentine Revolution</a></li> <li><a href="/wiki/South_African_Border_War" title="South African Border War">South African Border War</a></li> <li><a href="/wiki/Korean_DMZ_Conflict" title="Korean DMZ Conflict">Korean DMZ Conflict</a></li> <li><a href="/wiki/12-3_incident" title="12-3 incident">12-3 incident</a></li> <li><a href="/wiki/Greek_junta" title="Greek junta">Greek junta</a></li> <li><a href="/wiki/1967_Hong_Kong_riots" title="1967 Hong Kong riots">1967 Hong Kong riots</a></li> <li><a href="/wiki/Years_of_Lead_(Italy)" title="Years of Lead (Italy)">Years of Lead (Italy)</a></li> <li><a href="/wiki/Six-Day_War" title="Six-Day War">Six-Day War</a></li> <li><a href="/wiki/War_of_Attrition" title="War of Attrition">War of Attrition</a></li> <li><a href="/wiki/Dhofar_War" title="Dhofar War">Dhofar War</a></li> <li><a href="/wiki/Al-Wadiah_War" title="Al-Wadiah War">Al-Wadiah War</a></li> <li><a href="/wiki/Nigerian_Civil_War" title="Nigerian Civil War">Nigerian Civil War</a></li> <li><a href="/wiki/Protests_of_1968" title="Protests of 1968">Protests of 1968</a> <ul><li><a href="/wiki/May_68" title="May 68">May 68</a></li></ul></li> <li><a href="/wiki/Prague_Spring" title="Prague Spring">Prague Spring</a></li> <li><a href="/wiki/USS_Pueblo_(AGER-2)#Pueblo_incident" title="USS Pueblo (AGER-2)">USS <i>Pueblo</i> incident</a></li> <li><a href="/wiki/1968_Polish_political_crisis" title="1968 Polish political crisis">1968 Polish political crisis</a></li> <li><a href="/wiki/1968%E2%80%931971_East_Pakistan_communist_insurgency" title="1968–1971 East Pakistan communist insurgency">1968–1971 East Pakistan communist insurgency</a></li> <li><a href="/wiki/Communist_insurgency_in_Malaysia_(1968%E2%80%931989)" title="Communist insurgency in Malaysia (1968–1989)">Communist insurgency in Malaysia</a></li> <li><a href="/wiki/Warsaw_Pact_invasion_of_Czechoslovakia" title="Warsaw Pact invasion of Czechoslovakia">Warsaw Pact invasion of Czechoslovakia</a></li> <li><a href="/wiki/17_July_Revolution" title="17 July Revolution">17 July Revolution</a></li> <li><a href="/wiki/1968_Peruvian_coup_d%27%C3%A9tat" title="1968 Peruvian coup d'état">1968 Peruvian coup d'état</a> <ul><li><a href="/wiki/Revolutionary_Government_of_the_Armed_Forces_of_Peru" title="Revolutionary Government of the Armed Forces of Peru">Revolutionary Government</a></li></ul></li> <li><a href="/wiki/1969_Sudanese_coup_d%27%C3%A9tat" title="1969 Sudanese coup d'état">1969 Sudanese coup d'état</a></li> <li><a href="/wiki/1969_Libyan_revolution" title="1969 Libyan revolution">1969 Libyan revolution</a></li> <li><a href="/wiki/Goulash_Communism" title="Goulash Communism">Goulash Communism</a></li> <li><a href="/wiki/Sino-Soviet_border_conflict" title="Sino-Soviet border conflict">Sino-Soviet border conflict</a></li> <li><a href="/wiki/New_People%27s_Army_rebellion" title="New People's Army rebellion">New People's Army rebellion</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%;background-color:#DCDCDC;color:inherit;">1970s</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/D%C3%A9tente" title="Détente">Détente</a></li> <li><a href="/wiki/Treaty_on_the_Non-Proliferation_of_Nuclear_Weapons" title="Treaty on the Non-Proliferation of Nuclear Weapons">Nuclear Non-Proliferation Treaty</a></li> <li><a href="/wiki/Black_September" title="Black September">Black September</a></li> <li><a href="/wiki/Alcora_Exercise" title="Alcora Exercise">Alcora Exercise</a></li> <li><a href="/wiki/Corrective_Movement_(Syria)" title="Corrective Movement (Syria)">Corrective Movement (Syria)</a></li> <li><a href="/wiki/Western_Sahara_conflict" title="Western Sahara conflict">Western Sahara conflict</a></li> <li><a href="/wiki/Cambodian_Civil_War" title="Cambodian Civil War">Cambodian Civil War</a></li> <li><a href="/wiki/Communist_insurgency_in_Thailand" title="Communist insurgency in Thailand">Communist insurgency in Thailand</a></li> <li><a href="/wiki/1970_Polish_protests" title="1970 Polish protests">1970 Polish protests</a></li> <li><a href="/wiki/Koza_riot" title="Koza riot">Koza riot</a></li> <li><i><a href="/wiki/Realpolitik" title="Realpolitik">Realpolitik</a></i></li> <li><a href="/wiki/Ping-pong_diplomacy" title="Ping-pong diplomacy">Ping-pong diplomacy</a></li> <li><a href="/wiki/1971_JVP_insurrection" title="1971 JVP insurrection">1971 JVP insurrection</a></li> <li><a href="/wiki/Corrective_revolution_(Egypt)" title="Corrective revolution (Egypt)">Corrective revolution (Egypt)</a></li> <li><a href="/wiki/1971_Turkish_military_memorandum" title="1971 Turkish military memorandum">1971 Turkish military memorandum</a></li> <li><a href="/wiki/1971_Sudanese_coup_d%27%C3%A9tat" title="1971 Sudanese coup d'état">1971 Sudanese coup d'état</a></li> <li><a href="/wiki/Four_Power_Agreement_on_Berlin" title="Four Power Agreement on Berlin">Four Power Agreement on Berlin</a></li> <li><a href="/wiki/Bangladesh_Liberation_War" title="Bangladesh Liberation War">Bangladesh Liberation War</a></li> <li><a href="/wiki/1972_visit_by_Richard_Nixon_to_China" title="1972 visit by Richard Nixon to China">1972 visit by Richard Nixon to China</a></li> <li><a href="/wiki/South_Yemen#Disputes_with_North_Yemen" title="South Yemen">North Yemen-South Yemen Border conflict of 1972</a></li> <li><a href="/wiki/First_Yemenite_War" title="First Yemenite War">First Yemenite War</a></li> <li><a href="/wiki/Munich_massacre" title="Munich massacre">Munich massacre</a></li> <li><a href="/wiki/1972%E2%80%931975_Bangladesh_insurgency" title="1972–1975 Bangladesh insurgency">1972–1975 Bangladesh insurgency</a></li> <li><a href="/wiki/Eritrean_Civil_Wars" title="Eritrean Civil Wars">Eritrean Civil Wars</a></li> <li><a href="/wiki/1973_Uruguayan_coup_d%27%C3%A9tat" title="1973 Uruguayan coup d'état">1973 Uruguayan coup d'état</a></li> <li><a href="/wiki/1973_Afghan_coup_d%27%C3%A9tat" title="1973 Afghan coup d'état">1973 Afghan coup d'état</a></li> <li><a href="/wiki/1973_Chilean_coup_d%27%C3%A9tat" title="1973 Chilean coup d'état">1973 Chilean coup d'état</a></li> <li><a href="/wiki/Yom_Kippur_War" title="Yom Kippur War">Yom Kippur War</a></li> <li><a href="/wiki/1973_oil_crisis" title="1973 oil crisis">1973 oil crisis</a></li> <li><a href="/wiki/Carnation_Revolution" title="Carnation Revolution">Carnation Revolution</a></li> <li><a href="/wiki/Spanish_transition_to_democracy" title="Spanish transition to democracy">Spanish transition to democracy</a></li> <li><a href="/wiki/Metapolitefsi" title="Metapolitefsi">Metapolitefsi</a></li> <li><a href="/wiki/Strategic_Arms_Limitation_Talks" title="Strategic Arms Limitation Talks">Strategic Arms Limitation Talks</a></li> <li><a href="/wiki/Second_Iraqi%E2%80%93Kurdish_War" title="Second Iraqi–Kurdish War">Second Iraqi–Kurdish War</a></li> <li><a href="/wiki/Turkish_invasion_of_Cyprus" title="Turkish invasion of Cyprus">Turkish invasion of Cyprus</a></li> <li><a href="/wiki/15_August_1975_Bangladeshi_coup_d%27%C3%A9tat" title="15 August 1975 Bangladeshi coup d'état">15 August 1975 Bangladeshi coup d'état</a></li> <li><a href="/wiki/3_November_1975_Bangladeshi_coup_d%27%C3%A9tat" title="3 November 1975 Bangladeshi coup d'état">Siege of Dhaka (1975)</a></li> <li><a href="/wiki/7_November_1975_Bangladeshi_coup_d%27%C3%A9tat" title="7 November 1975 Bangladeshi coup d'état">Sipahi-Janata revolution</a></li> <li><a href="/wiki/Angolan_Civil_War" title="Angolan Civil War">Angolan Civil War</a></li> <li><a href="/wiki/Cambodian_genocide" title="Cambodian genocide">Cambodian genocide</a></li> <li><a href="/wiki/June_1976_protests" title="June 1976 protests">June 1976 protests</a></li> <li><a href="/wiki/Mozambican_Civil_War" title="Mozambican Civil War">Mozambican Civil War</a></li> <li><a href="/wiki/Oromo_conflict" title="Oromo conflict">Oromo conflict</a></li> <li><a href="/wiki/Ogaden_War" title="Ogaden War">Ogaden War</a></li> <li><a href="/wiki/1978_Somali_coup_attempt" title="1978 Somali coup attempt">1978 Somali coup attempt</a></li> <li><a href="/wiki/Western_Sahara_War" title="Western Sahara War">Western Sahara War</a></li> <li><a href="/wiki/Ethiopian_Civil_War" title="Ethiopian Civil War">Ethiopian Civil War</a></li> <li><a href="/wiki/Lebanese_Civil_War" title="Lebanese Civil War">Lebanese Civil War</a></li> <li><a href="/wiki/Sino-Albanian_split" title="Sino-Albanian split">Sino-Albanian split</a></li> <li><a href="/wiki/Third_Indochina_War" title="Third Indochina War">Third Indochina War</a></li> <li><a href="/wiki/Cambodian%E2%80%93Vietnamese_War" title="Cambodian–Vietnamese War">Cambodian–Vietnamese War</a></li> <li><a href="/wiki/Cambodian_conflict_(1979%E2%80%931998)" title="Cambodian conflict (1979–1998)">Cambodian conflict</a></li> <li><a href="/wiki/Operation_Condor" title="Operation Condor">Operation <i>Condor</i></a></li> <li><a href="/wiki/Dirty_War" title="Dirty War">Dirty War (Argentina)</a></li> <li><a href="/wiki/1976_Argentine_coup_d%27%C3%A9tat" title="1976 Argentine coup d'état">1976 Argentine coup d'état</a></li> <li><a href="/wiki/Egyptian%E2%80%93Libyan_War" title="Egyptian–Libyan War">Egyptian–Libyan War</a></li> <li><a href="/wiki/German_Autumn" title="German Autumn">German Autumn</a></li> <li><a href="/wiki/Korean_Air_Lines_Flight_902" title="Korean Air Lines Flight 902">Korean Air Lines Flight 902</a></li> <li><a href="/wiki/Nicaraguan_Revolution" title="Nicaraguan Revolution">Nicaraguan Revolution</a></li> <li><a href="/wiki/Uganda%E2%80%93Tanzania_War" title="Uganda–Tanzania War">Uganda–Tanzania War</a></li> <li><a href="/wiki/NDF_Rebellion" title="NDF Rebellion">NDF Rebellion</a></li> <li><a href="/wiki/Chadian%E2%80%93Libyan_War" title="Chadian–Libyan War">Chadian–Libyan War</a></li> <li><a href="/wiki/Second_Yemenite_War" title="Second Yemenite War">Second Yemenite War</a></li> <li><a href="/wiki/Grand_Mosque_seizure" title="Grand Mosque seizure">Grand Mosque seizure</a></li> <li><a href="/wiki/Iranian_revolution" title="Iranian revolution">Iranian revolution</a></li> <li><a href="/wiki/Saur_Revolution" title="Saur Revolution">Saur Revolution</a></li> <li><a href="/wiki/Sino-Vietnamese_War" title="Sino-Vietnamese War">Sino-Vietnamese War</a></li> <li><a href="/wiki/New_Jewel_Movement" title="New Jewel Movement">New Jewel Movement</a></li> <li><a href="/wiki/1979_Herat_uprising" title="1979 Herat uprising">1979 Herat uprising</a></li> <li><a href="/wiki/Seven_Days_to_the_River_Rhine" title="Seven Days to the River Rhine">Seven Days to the River Rhine</a></li> <li><a href="/wiki/Struggle_against_political_abuse_of_psychiatry_in_the_Soviet_Union" title="Struggle against political abuse of psychiatry in the Soviet Union">Struggle against political abuse of psychiatry in the Soviet Union</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%;background-color:#DCDCDC;color:inherit;">1980s</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Salvadoran_Civil_War" title="Salvadoran Civil War">Salvadoran Civil War</a></li> <li><a href="/wiki/Soviet%E2%80%93Afghan_War" title="Soviet–Afghan War">Soviet–Afghan War</a></li> <li><a href="/wiki/1980_Summer_Olympics_boycott" title="1980 Summer Olympics boycott">1980</a> and <a href="/wiki/1984_Summer_Olympics_boycott" title="1984 Summer Olympics boycott">1984 Summer Olympics boycotts</a></li> <li><a href="/wiki/Gera_Demands" title="Gera Demands">Gera Demands</a></li> <li><a href="/wiki/Peruvian_Civil_War_of_1980%E2%80%932000" title="Peruvian Civil War of 1980–2000">Peruvian Revolution</a></li> <li><a href="/wiki/Gda%C5%84sk_Agreement" title="Gdańsk Agreement">Gdańsk Agreement</a> <ul><li><a href="/wiki/Solidarity_(Polish_trade_union)" title="Solidarity (Polish trade union)">Solidarity</a></li></ul></li> <li><a href="/wiki/Eritrean_Civil_Wars" title="Eritrean Civil Wars">Eritrean Civil Wars</a></li> <li><a href="/wiki/1980_Turkish_coup_d%27%C3%A9tat" title="1980 Turkish coup d'état">1980 Turkish coup d'état</a></li> <li><a href="/wiki/Ugandan_Bush_War" title="Ugandan Bush War">Ugandan Bush War</a></li> <li><a href="/wiki/Gulf_of_Sidra_incident_(1981)" title="Gulf of Sidra incident (1981)">Gulf of Sidra incident</a></li> <li><a href="/wiki/Martial_law_in_Poland" title="Martial law in Poland">Martial law in Poland</a></li> <li><a href="/wiki/Casamance_conflict" title="Casamance conflict">Casamance conflict</a></li> <li><a href="/wiki/Falklands_War" title="Falklands War">Falklands War</a></li> <li><a href="/wiki/1982_Ethiopian%E2%80%93Somali_Border_War" title="1982 Ethiopian–Somali Border War">1982 Ethiopian–Somali Border War</a></li> <li><a href="/wiki/Ndogboyosoi_War" title="Ndogboyosoi War">Ndogboyosoi War</a></li> <li><a href="/wiki/United_States_invasion_of_Grenada" title="United States invasion of Grenada">United States invasion of Grenada</a></li> <li><a href="/wiki/Able_Archer_83" title="Able Archer 83">Able Archer 83</a></li> <li><a href="/wiki/Strategic_Defense_Initiative" title="Strategic Defense Initiative">Star Wars</a></li> <li><a href="/wiki/Geneva_Summit_(1985)" title="Geneva Summit (1985)">1985 Geneva Summit</a></li> <li><a href="/wiki/Iran%E2%80%93Iraq_War" title="Iran–Iraq War">Iran–Iraq War</a></li> <li><a href="/wiki/Somali_Rebellion" title="Somali Rebellion">Somali Rebellion</a></li> <li><a href="/wiki/Reykjav%C3%ADk_Summit" title="Reykjavík Summit">Reykjavík Summit</a></li> <li><a href="/wiki/1986_Black_Sea_incident" title="1986 Black Sea incident">1986 Black Sea incident</a></li> <li><a href="/wiki/South_Yemen_civil_war" title="South Yemen civil war">South Yemen civil war</a></li> <li><a href="/wiki/Toyota_War" title="Toyota War">Toyota War</a></li> <li><a href="/wiki/1987_Lieyu_massacre" title="1987 Lieyu massacre">1987 Lieyu massacre</a></li> <li><a href="/wiki/Operation_Denver" title="Operation Denver">Operation Denver</a></li> <li><a href="/wiki/1987%E2%80%931989_JVP_insurrection" title="1987–1989 JVP insurrection">1987–1989 JVP insurrection</a></li> <li><a href="/wiki/Lord%27s_Resistance_Army_insurgency" title="Lord's Resistance Army insurgency">Lord's Resistance Army insurgency</a></li> <li><a href="/wiki/1988_Black_Sea_bumping_incident" title="1988 Black Sea bumping incident">1988 Black Sea bumping incident</a></li> <li><a href="/wiki/8888_Uprising" title="8888 Uprising">8888 Uprising</a></li> <li><a href="/wiki/History_of_Solidarity" title="History of Solidarity">Solidarity</a> (<a href="/wiki/Soviet_reaction_to_the_Polish_crisis_of_1980%E2%80%931981" title="Soviet reaction to the Polish crisis of 1980–1981">Soviet reaction</a>)</li> <li><a href="/wiki/Contras" title="Contras">Contras</a></li> <li><a href="/wiki/Central_American_crisis" title="Central American crisis">Central American crisis</a></li> <li><a href="/wiki/Operation_RYAN" title="Operation RYAN">Operation RYAN</a></li> <li><a href="/wiki/Korean_Air_Lines_Flight_007" title="Korean Air Lines Flight 007">Korean Air Lines Flight 007</a></li> <li><a href="/wiki/People_Power_Revolution" title="People Power Revolution">People Power Revolution</a></li> <li><a href="/wiki/Glasnost" title="Glasnost">Glasnost</a></li> <li><a href="/wiki/Perestroika" title="Perestroika">Perestroika</a></li> <li><a href="/wiki/Bougainville_conflict" title="Bougainville conflict">Bougainville conflict</a></li> <li><a href="/wiki/First_Nagorno-Karabakh_War" title="First Nagorno-Karabakh War">First Nagorno-Karabakh War</a></li> <li><a href="/wiki/Afghan_Civil_War_(1989%E2%80%931992)" title="Afghan Civil War (1989–1992)">Afghan Civil War</a></li> <li><a href="/wiki/United_States_invasion_of_Panama" title="United States invasion of Panama">United States invasion of Panama</a></li> <li><a href="/wiki/1988_Polish_strikes" title="1988 Polish strikes">1988 Polish strikes</a></li> <li><a href="/wiki/Polish_Round_Table_Agreement" title="Polish Round Table Agreement">Polish Round Table Agreement</a></li> <li><a href="/wiki/1989_Tiananmen_Square_protests_and_massacre" title="1989 Tiananmen Square protests and massacre">1989 Tiananmen Square protests and massacre</a></li> <li><a href="/wiki/Revolutions_of_1989" title="Revolutions of 1989">Revolutions of 1989</a></li> <li><a href="/wiki/Fall_of_the_Berlin_Wall" title="Fall of the Berlin Wall">Fall of the Berlin Wall</a></li> <li><a href="/wiki/Fall_of_the_inner_German_border" title="Fall of the inner German border">Fall of the inner German border</a></li> <li><a href="/wiki/Velvet_Revolution" title="Velvet Revolution">Velvet Revolution</a></li> <li><a href="/wiki/Romanian_revolution" title="Romanian revolution">Romanian Revolution</a></li> <li><a href="/wiki/Peaceful_Revolution" title="Peaceful Revolution">Peaceful Revolution</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%;background-color:#DCDCDC;color:inherit;">1990s</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Mongolian_Revolution_of_1990" title="Mongolian Revolution of 1990">Mongolian Revolution of 1990</a></li> <li><a href="/wiki/Min_Ping_Yu_No._5540_incident" title="Min Ping Yu No. 5540 incident">Min Ping Yu No. 5540 incident</a></li> <li><a href="/wiki/Gulf_War" title="Gulf War">Gulf War</a></li> <li><a href="/wiki/Min_Ping_Yu_No._5202" title="Min Ping Yu No. 5202">Min Ping Yu No. 5202</a></li> <li><a href="/wiki/German_reunification" title="German reunification">German reunification</a></li> <li><a href="/wiki/Yemeni_unification" title="Yemeni unification">Yemeni unification</a></li> <li><a href="/wiki/Fall_of_communism_in_Albania" title="Fall of communism in Albania">Fall of communism in Albania</a></li> <li><a href="/wiki/Breakup_of_Yugoslavia" title="Breakup of Yugoslavia">Breakup of Yugoslavia</a></li> <li><a href="/wiki/Dissolution_of_the_Soviet_Union" title="Dissolution of the Soviet Union">Dissolution of the Soviet Union</a> <ul><li><a href="/wiki/1991_Soviet_coup_attempt" title="1991 Soviet coup attempt">1991 August Coup</a></li></ul></li> <li><a href="/wiki/Dissolution_of_Czechoslovakia" title="Dissolution of Czechoslovakia">Dissolution of Czechoslovakia</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%;background-color:#DCDCDC;color:inherit;"><a href="/wiki/Frozen_conflict" title="Frozen conflict">Frozen conflicts</a></th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Abkhazia_conflict" title="Abkhazia conflict">Abkhazia</a></li> <li><a href="/wiki/Political_status_of_Taiwan" title="Political status of Taiwan">China-Taiwan</a></li> <li><a href="/wiki/Division_of_Korea" title="Division of Korea">Korea</a></li> <li><a href="/wiki/Political_status_of_Kosovo" title="Political status of Kosovo">Kosovo</a></li> <li><a href="/wiki/Georgian%E2%80%93Ossetian_conflict" title="Georgian–Ossetian conflict">South Ossetia</a></li> <li><a href="/wiki/Transnistria_War" title="Transnistria War">Transnistria</a></li> <li><a href="/wiki/Sino-Indian_border_dispute" title="Sino-Indian border dispute">Sino-Indian border dispute</a></li> <li><a href="/wiki/North_Borneo_dispute" title="North Borneo dispute">North Borneo dispute</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%;background-color:#DCDCDC;color:inherit;">Foreign policy</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Truman_Doctrine" title="Truman Doctrine">Truman Doctrine</a></li> <li><a href="/wiki/Containment" title="Containment">Containment</a></li> <li><a href="/wiki/Eisenhower_Doctrine" title="Eisenhower Doctrine">Eisenhower Doctrine</a></li> <li><a href="/wiki/Domino_theory" title="Domino theory">Domino theory</a></li> <li><a href="/wiki/Hallstein_Doctrine" title="Hallstein Doctrine">Hallstein Doctrine</a></li> <li><a href="/wiki/Kennedy_Doctrine" title="Kennedy Doctrine">Kennedy Doctrine</a></li> <li><a href="/wiki/Peaceful_coexistence" title="Peaceful coexistence">Peaceful coexistence</a></li> <li><a href="/wiki/Ostpolitik" title="Ostpolitik">Ostpolitik</a></li> <li><a href="/wiki/Johnson_Doctrine" title="Johnson Doctrine">Johnson Doctrine</a></li> <li><a href="/wiki/Brezhnev_Doctrine" title="Brezhnev Doctrine">Brezhnev Doctrine</a></li> <li><a href="/wiki/Nixon_Doctrine" title="Nixon Doctrine">Nixon Doctrine</a></li> <li><a href="/wiki/Ulbricht_Doctrine" title="Ulbricht Doctrine">Ulbricht Doctrine</a></li> <li><a href="/wiki/Carter_Doctrine" title="Carter Doctrine">Carter Doctrine</a></li> <li><a href="/wiki/Reagan_Doctrine" title="Reagan Doctrine">Reagan Doctrine</a></li> <li><a href="/wiki/Rollback" title="Rollback">Rollback</a></li> <li><a href="/wiki/Kinmen_Agreement" title="Kinmen Agreement">Kinmen Agreement</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%;background-color:#DCDCDC;color:inherit;">Ideologies</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0;;wide"><tbody><tr><th scope="row" class="navbox-group" style="width:1%;background-color:#DCDCDC;color:inherit;"><a href="/wiki/Capitalism" title="Capitalism">Capitalism</a></th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Liberalism" title="Liberalism">Liberalism</a></li> <li><a href="/wiki/Chicago_school_of_economics" title="Chicago school of economics">Chicago school</a></li> <li><a href="/wiki/Conservatism" title="Conservatism">Conservatism</a> <ul><li><a href="/wiki/Conservatism_in_the_United_States" title="Conservatism in the United States">American conservatism</a></li></ul></li> <li><a href="/wiki/Keynesian_economics" title="Keynesian economics">Keynesianism</a></li> <li><a href="/wiki/Libertarianism" title="Libertarianism">Libertarianism</a></li> <li><a href="/wiki/Monetarism" title="Monetarism">Monetarism</a></li> <li><a href="/wiki/Neoclassical_economics" title="Neoclassical economics">Neoclassical economics</a></li> <li><a href="/wiki/Reaganomics" title="Reaganomics">Reaganomics</a></li> <li><a href="/wiki/Supply-side_economics" title="Supply-side economics">Supply-side economics</a></li> <li><a href="/wiki/Democratic_capitalism" title="Democratic capitalism">Democratic capitalism</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%;background-color:#DCDCDC;color:inherit;"><a href="/wiki/Socialism" title="Socialism">Socialism</a></th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Communism" title="Communism">Communism</a></li> <li><a href="/wiki/Marxism%E2%80%93Leninism" title="Marxism–Leninism">Marxism–Leninism</a></li> <li><a href="/wiki/Politics_of_Fidel_Castro" title="Politics of Fidel Castro">Castroism</a></li> <li><a href="/wiki/Eurocommunism" title="Eurocommunism">Eurocommunism</a></li> <li><a href="/wiki/Guevarism" title="Guevarism">Guevarism</a></li> <li><a href="/wiki/Hoxhaism" title="Hoxhaism">Hoxhaism</a></li> <li><i><a href="/wiki/Juche" title="Juche">Juche</a></i></li> <li><a href="/wiki/Ho_Chi_Minh_Thought" title="Ho Chi Minh Thought">Ho Chi Minh Thought</a></li> <li><a href="/wiki/Maoism" title="Maoism">Maoism</a></li> <li><a href="/wiki/Trotskyism" title="Trotskyism">Trotskyism</a></li> <li><a href="/wiki/Stalinism" title="Stalinism">Stalinism</a></li> <li><a href="/wiki/Titoism" title="Titoism">Titoism</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%;background-color:#DCDCDC;color:inherit;">Other</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Imperialism" title="Imperialism">Imperialism</a></li> <li><a href="/wiki/Anti-imperialism" title="Anti-imperialism">Anti-imperialism</a></li> <li><a href="/wiki/Nationalism" title="Nationalism">Nationalism</a></li> <li><a href="/wiki/Ultranationalism" title="Ultranationalism">Ultranationalism</a></li> <li><a href="/wiki/Chauvinism" title="Chauvinism">Chauvinism</a></li> <li><a href="/wiki/Ethnic_nationalism" title="Ethnic nationalism">Ethnic nationalism</a></li> <li><a href="/wiki/Racism" title="Racism">Racism</a></li> <li><a href="/wiki/Zionism" title="Zionism">Zionism</a></li> <li><a href="/wiki/Anti-Zionism" title="Anti-Zionism">Anti-Zionism</a></li> <li><a href="/wiki/Fascism" title="Fascism">Fascism</a></li> <li><a href="/wiki/Neo-Nazism" title="Neo-Nazism">Neo-Nazism</a></li> <li><a href="/wiki/Islamism" title="Islamism">Islamism</a></li> <li><a href="/wiki/Totalitarianism" title="Totalitarianism">Totalitarianism</a></li> <li><a href="/wiki/Authoritarianism" title="Authoritarianism">Authoritarianism</a></li> <li><a href="/wiki/Autocracy" title="Autocracy">Autocracy</a></li> <li><a href="/wiki/Liberal_democracy" title="Liberal democracy">Liberal democracy</a></li> <li><a href="/wiki/Illiberal_democracy" title="Illiberal democracy">Illiberal democracy</a></li> <li><a href="/wiki/Guided_democracy" title="Guided democracy">Guided democracy</a></li> <li><a href="/wiki/Social_democracy" title="Social democracy">Social democracy</a></li> <li><a href="/wiki/Third-worldism" title="Third-worldism">Third-worldism</a></li> <li><a href="/wiki/White_supremacy" title="White supremacy">White supremacy</a></li> <li><a href="/wiki/White_nationalism" title="White nationalism">White nationalism</a></li> <li><a href="/wiki/White_supremacy#White_separatism" title="White supremacy">White separatism</a></li> <li><a href="/wiki/Apartheid" title="Apartheid">Apartheid</a></li></ul> </div></td></tr></tbody></table><div></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%;background-color:#DCDCDC;color:inherit;">Organizations</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/NATO" title="NATO">NATO</a></li> <li><a href="/wiki/Southeast_Asia_Treaty_Organization" title="Southeast Asia Treaty Organization">SEATO</a></li> <li><a href="/wiki/Central_Treaty_Organization" title="Central Treaty Organization">METO</a></li> <li><a href="/wiki/European_Economic_Community" title="European Economic Community">EEC</a></li> <li><a href="/wiki/Warsaw_Pact" title="Warsaw Pact">Warsaw Pact</a></li> <li><a href="/wiki/Comecon" title="Comecon">Comecon</a></li> <li><a href="/wiki/Non-Aligned_Movement" title="Non-Aligned Movement">Non-Aligned Movement</a></li> <li><a href="/wiki/Neutral_and_Non-Aligned_European_States" title="Neutral and Non-Aligned European States">NN States</a></li> <li><a href="/wiki/ASEAN" title="ASEAN">ASEAN</a></li> <li><a href="/wiki/South_Asian_Association_for_Regional_Cooperation" title="South Asian Association for Regional Cooperation">SAARC</a></li> <li><a href="/wiki/Safari_Club" title="Safari Club">Safari Club</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%;background-color:#DCDCDC;color:inherit;">Propaganda</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0;;wide"><tbody><tr><th scope="row" class="navbox-group" style="width:1%;background-color:#DCDCDC;color:inherit;">Pro-communist</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Active_measures" title="Active measures">Active measures</a></li> <li><i><a href="/wiki/Izvestia" title="Izvestia">Izvestia</a></i></li> <li><i><a href="/wiki/Neues_Deutschland" title="Neues Deutschland">Neues Deutschland</a></i></li> <li><i><a href="/wiki/Pravda" title="Pravda">Pravda</a></i></li> <li><a href="/wiki/Radio_Moscow" title="Radio Moscow">Radio Moscow</a></li> <li><i><a href="/wiki/Rud%C3%A9_pr%C3%A1vo" title="Rudé právo">Rudé právo</a></i></li> <li><i><a href="/wiki/Trybuna_Ludu" title="Trybuna Ludu">Trybuna Ludu</a></i></li> <li><a href="/wiki/TASS" title="TASS">TASS</a></li> <li><i><a href="/wiki/Russian_Life" title="Russian Life">Soviet Life</a></i></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%;background-color:#DCDCDC;color:inherit;">Pro-Western</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><i><a href="/wiki/Amerika_(magazine)" title="Amerika (magazine)">Amerika</a></i></li> <li><a href="/wiki/Crusade_for_Freedom" title="Crusade for Freedom">Crusade for Freedom</a></li> <li><i><a href="/wiki/Paix_et_Libert%C3%A9" title="Paix et Liberté">Paix et Liberté</a></i></li> <li><a href="/wiki/Radio_Free_Europe/Radio_Liberty" title="Radio Free Europe/Radio Liberty">Radio Free Europe/Radio Liberty</a></li></ul> <ul><li><a href="/wiki/Red_Scare" title="Red Scare">Red Scare</a></li> <li><a href="/wiki/Voice_of_America" title="Voice of America">Voice of America</a></li></ul> </div></td></tr></tbody></table><div></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%;background-color:#DCDCDC;color:inherit;">Technological<br />competition</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Arms_race" title="Arms race">Arms race</a></li> <li><a href="/wiki/Nuclear_arms_race" title="Nuclear arms race">Nuclear arms race</a></li> <li><a href="/wiki/Space_Race" title="Space Race">Space Race</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%;background-color:#DCDCDC;color:inherit;">Historians</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Gar_Alperovitz" title="Gar Alperovitz">Gar Alperovitz</a></li> <li><a href="/wiki/Thomas_A._Bailey" title="Thomas A. Bailey">Thomas A. Bailey</a></li> <li><a href="/wiki/Michael_Beschloss" title="Michael Beschloss">Michael Beschloss</a></li> <li><a href="/wiki/Archie_Brown_(historian)" title="Archie Brown (historian)">Archie Brown</a></li> <li><a href="/wiki/Warren_H._Carroll" title="Warren H. Carroll">Warren H. Carroll</a></li> <li><a href="/wiki/Adrian_Cioroianu" title="Adrian Cioroianu">Adrian Cioroianu</a></li> <li><a href="/wiki/John_Costello_(historian)" title="John Costello (historian)">John Costello</a></li> <li><a href="/wiki/Michael_Cox_(academic)" title="Michael Cox (academic)">Michael Cox</a></li> <li><a href="/wiki/Nicholas_J._Cull" title="Nicholas J. Cull">Nicholas J. Cull</a></li> <li><a href="/wiki/Norman_Davies" title="Norman Davies">Norman Davies</a></li> <li><a href="/wiki/Willem_Drees" title="Willem Drees">Willem Drees</a></li> <li><a href="/wiki/Robert_D._English" title="Robert D. English">Robert D. English</a></li> <li><a href="/wiki/Herbert_Feis" title="Herbert Feis">Herbert Feis</a></li> <li><a href="/wiki/Robert_Hugh_Ferrell" title="Robert Hugh Ferrell">Robert Hugh Ferrell</a></li> <li><a href="/wiki/Andr%C3%A9_Fontaine" title="André Fontaine">André Fontaine</a></li> <li><a href="/wiki/Anneli_Ute_Gabanyi" title="Anneli Ute Gabanyi">Anneli Ute Gabanyi</a></li> <li><a href="/wiki/John_Lewis_Gaddis" title="John Lewis Gaddis">John Lewis Gaddis</a></li> <li><a href="/wiki/Lloyd_Gardner" title="Lloyd Gardner">Lloyd Gardner</a></li> <li><a href="/wiki/Timothy_Garton_Ash" title="Timothy Garton Ash">Timothy Garton Ash</a></li> <li><a href="/wiki/Gabriel_Gorodetsky" title="Gabriel Gorodetsky">Gabriel Gorodetsky</a></li> <li><a href="/wiki/Fred_Halliday" title="Fred Halliday">Fred Halliday</a></li> <li><a href="/wiki/Jussi_Hanhim%C3%A4ki" title="Jussi Hanhimäki">Jussi Hanhimäki</a></li> <li><a href="/wiki/John_Earl_Haynes" title="John Earl Haynes">John Earl Haynes</a></li> <li><a href="/wiki/Patrick_J._Hearden" title="Patrick J. Hearden">Patrick J. Hearden</a></li> <li><a href="/wiki/Tvrtko_Jakovina" title="Tvrtko Jakovina">Tvrtko Jakovina</a></li> <li><a href="/wiki/Tony_Judt" title="Tony Judt">Tony Judt</a></li> <li><a href="/wiki/Harvey_Klehr" title="Harvey Klehr">Harvey Klehr</a></li> <li><a href="/wiki/Gabriel_Kolko" title="Gabriel Kolko">Gabriel Kolko</a></li> <li><a href="/wiki/Walter_LaFeber" title="Walter LaFeber">Walter LaFeber</a></li> <li><a href="/wiki/Walter_Laqueur" title="Walter Laqueur">Walter Laqueur</a></li> <li><a href="/wiki/Melvyn_P._Leffler" title="Melvyn P. Leffler">Melvyn P. Leffler</a></li> <li><a href="/wiki/Geir_Lundestad" title="Geir Lundestad">Geir Lundestad</a></li> <li><a href="/wiki/Vojtech_Mastny_(historian)" title="Vojtech Mastny (historian)">Vojtech Mastny</a></li> <li><a href="/wiki/Jack_F._Matlock_Jr." title="Jack F. Matlock Jr.">Jack F. Matlock Jr.</a></li> <li><a href="/wiki/Thomas_J._McCormick" title="Thomas J. McCormick">Thomas J. McCormick</a></li> <li><a href="/wiki/Timothy_Naftali" title="Timothy Naftali">Timothy Naftali</a></li> <li><a href="/wiki/Marius_Oprea" title="Marius Oprea">Marius Oprea</a></li> <li><a href="/wiki/David_S._Painter" title="David S. Painter">David S. Painter</a></li> <li><a href="/wiki/William_B._Pickett" title="William B. Pickett">William B. Pickett</a></li> <li><a href="/wiki/Ronald_E._Powaski" title="Ronald E. Powaski">Ronald E. Powaski</a></li> <li><a href="/wiki/Yakov_M._Rabkin" title="Yakov M. Rabkin">Yakov M. Rabkin</a></li> <li><a href="/wiki/M._E._Sarotte" title="M. E. Sarotte">M. E. Sarotte</a></li> <li><a href="/wiki/Arthur_M._Schlesinger_Jr." title="Arthur M. Schlesinger Jr.">Arthur M. Schlesinger Jr.</a></li> <li><a href="/wiki/Ellen_Schrecker" title="Ellen Schrecker">Ellen Schrecker</a></li> <li><a href="/wiki/Giles_Scott-Smith" title="Giles Scott-Smith">Giles Scott-Smith</a></li> <li><a href="/wiki/Shen_Zhihua" title="Shen Zhihua">Shen Zhihua</a></li> <li><a href="/wiki/Timothy_Snyder" title="Timothy Snyder">Timothy Snyder</a></li> <li><a href="/wiki/Athan_Theoharis" title="Athan Theoharis">Athan Theoharis</a></li> <li><a href="/wiki/Andrew_Thorpe" title="Andrew Thorpe">Andrew Thorpe</a></li> <li><a href="/wiki/Vladimir_Tism%C4%83neanu" title="Vladimir Tismăneanu">Vladimir Tismăneanu</a></li> <li><a href="/wiki/Patrick_Vaughan" title="Patrick Vaughan">Patrick Vaughan</a></li> <li><a href="/wiki/Alex_von_Tunzelmann" title="Alex von Tunzelmann">Alex von Tunzelmann</a></li> <li><a href="/wiki/Odd_Arne_Westad" title="Odd Arne Westad">Odd Arne Westad</a></li> <li><a href="/wiki/William_Appleman_Williams" title="William Appleman Williams">William Appleman Williams</a></li> <li><a href="/wiki/Jonathan_Reed_Winkler" title="Jonathan Reed Winkler">Jonathan Reed Winkler</a></li> <li><a href="/wiki/Rudolph_Winnacker" title="Rudolph Winnacker">Rudolph Winnacker</a></li> <li><a href="/wiki/Ken_Young" title="Ken Young">Ken Young</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%;background-color:#DCDCDC;color:inherit;">Espionage and<br />intelligence</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/List_of_Eastern_Bloc_agents_in_the_United_States" title="List of Eastern Bloc agents in the United States">List of Eastern Bloc agents in the United States</a></li> <li><a href="/wiki/Soviet_espionage_in_the_United_States" title="Soviet espionage in the United States">Soviet espionage in the United States</a></li> <li><a href="/wiki/Russian_espionage_in_the_United_States" title="Russian espionage in the United States">Russian espionage in the United States</a></li> <li><a href="/wiki/American_espionage_in_the_Soviet_Union_and_Russian_Federation" title="American espionage in the Soviet Union and Russian Federation">American espionage in the Soviet Union and Russian Federation</a></li> <li><a href="/wiki/CIA_and_the_Cultural_Cold_War" title="CIA and the Cultural Cold War">CIA and the Cultural Cold War</a></li> <li><a href="/wiki/Central_Intelligence_Agency" title="Central Intelligence Agency">CIA</a></li> <li><a href="/wiki/MI5" title="MI5">MI5</a></li> <li><a href="/wiki/MI6" title="MI6">MI6</a></li> <li><a href="/wiki/United_States_involvement_in_regime_change" title="United States involvement in regime change">United States involvement in regime change</a></li> <li><a href="/wiki/Soviet_involvement_in_regime_change" title="Soviet involvement in regime change">Soviet involvement in regime change</a></li> <li><a href="/wiki/Ministry_of_Internal_Affairs_(Soviet_Union)" title="Ministry of Internal Affairs (Soviet Union)">MVD</a></li> <li><a href="/wiki/KGB" title="KGB">KGB</a></li> <li><a href="/wiki/Stasi" title="Stasi">Stasi</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%;background-color:#DCDCDC;color:inherit;">See also</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Allied_intervention_in_the_Russian_Civil_War" title="Allied intervention in the Russian Civil War">Allied intervention in the Russian Civil War</a></li> <li><a href="/wiki/Soviet_Union%E2%80%93United_States_relations" title="Soviet Union–United States relations">Soviet Union–United States relations</a></li> <li><a href="/wiki/List_of_Soviet_Union%E2%80%93United_States_summits" title="List of Soviet Union–United States summits">Soviet Union–United States summits</a></li> <li><a href="/wiki/Russia%E2%80%93NATO_relations" title="Russia–NATO relations">Russia–NATO relations</a></li> <li><a href="/wiki/War_on_terror" title="War on terror">War on terror</a></li> <li><a href="/wiki/Brinkmanship#Cold_War" title="Brinkmanship">Brinkmanship</a></li> <li><a href="/wiki/Second_Cold_War" title="Second Cold War">Second Cold War</a></li> <li><a href="/wiki/Russian_Revolution" title="Russian Revolution">Russian Revolution</a></li></ul> </div></td></tr><tr><td class="navbox-abovebelow" colspan="2" style="background-color:#DCDCDC;color:inherit;font-weight:bold;"><div> <ul><li><a href="/wiki/Category:Cold_War" title="Category:Cold War">Category</a></li> <li><a href="/wiki/List_of_conflicts_related_to_the_Cold_War" title="List of conflicts related to the Cold War">List of conflicts</a></li> <li><a href="/wiki/Timeline_of_the_Cold_War" title="Timeline of the Cold War">Timeline</a></li></ul> </div></td></tr></tbody></table></div> <div class="navbox-styles"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1236075235"></div><div role="navigation" class="navbox" aria-labelledby="Financial_bubbles" style="padding:3px"><table class="nowraplinks hlist mw-collapsible mw-collapsed navbox-inner" style="border-spacing:0;background:transparent;color:inherit"><tbody><tr><th scope="col" class="navbox-title" colspan="2"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1239400231"><div class="navbar plainlinks hlist navbar-mini"><ul><li class="nv-view"><a href="/wiki/Template:Financial_bubbles" title="Template:Financial bubbles"><abbr title="View this template">v</abbr></a></li><li class="nv-talk"><a href="/wiki/Template_talk:Financial_bubbles" title="Template talk:Financial bubbles"><abbr title="Discuss this template">t</abbr></a></li><li class="nv-edit"><a href="/wiki/Special:EditPage/Template:Financial_bubbles" title="Special:EditPage/Template:Financial bubbles"><abbr title="Edit this template">e</abbr></a></li></ul></div><div id="Financial_bubbles" style="font-size:114%;margin:0 4em"><a href="/wiki/Economic_bubble" title="Economic bubble">Financial bubbles</a></div></th></tr><tr><td class="navbox-abovebelow" colspan="2"><div> <ul><li><a href="/wiki/Market_trend" title="Market trend">Market trend</a></li> <li><a href="/wiki/Credit_cycle" title="Credit cycle">Credit cycle</a></li> <li><a href="/wiki/Irrational_exuberance" title="Irrational exuberance">Irrational exuberance</a></li> <li><a href="/wiki/Social_contagion" title="Social contagion">Social contagion</a></li> <li><a href="/wiki/Real-estate_bubble" title="Real-estate bubble">Real-estate bubble</a></li> <li><a href="/wiki/Stock_market_bubble" title="Stock market bubble">Stock market bubble</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Commercial_revolution" title="Commercial revolution">Commercial revolution</a><br />(1000–1760)</th><td class="navbox-list-with-group navbox-list navbox-odd hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Tulip_mania" title="Tulip mania">Tulip mania</a> (1634–1637)</li> <li><a href="/wiki/Mississippi_Company" title="Mississippi Company">Mississippi bubble</a> (1684–1720)</li> <li><a href="/wiki/South_Sea_Company" title="South Sea Company">South Sea bubble</a> (1711–1720)</li> <li><a href="/wiki/Bengal_Bubble_of_1769" title="Bengal Bubble of 1769">Bengal Bubble of 1769</a> (1757–1769)</li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Industrial_Revolution" title="Industrial Revolution">1st Industrial Revolution</a><br />(1760–1840)</th><td class="navbox-list-with-group navbox-list navbox-even hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Canal_Mania" title="Canal Mania">Canal Mania</a> (c. 1790–c. 1810)</li> <li><a href="/wiki/Carolina_gold_rush" title="Carolina gold rush">Carolina gold rush</a> (1802–1825)</li> <li><a href="/wiki/Alabama_real_estate_bubble_of_the_1810s" title="Alabama real estate bubble of the 1810s">1810s Alabama real estate bubble</a></li> <li><a href="/wiki/Georgia_Gold_Rush" title="Georgia Gold Rush">Georgia Gold Rush</a> (1828–c. 1840)</li> <li><a href="/wiki/Chicago_real_estate_bubble_of_the_1830s" title="Chicago real estate bubble of the 1830s">1830s Chicago real estate bubble</a></li> <li><a href="/wiki/Chilean_silver_rush" title="Chilean silver rush">Chilean silver rush</a> (1830–1850)</li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">1840–1870</th><td class="navbox-list-with-group navbox-list navbox-odd hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Railway_Mania" title="Railway Mania">Railway Mania</a> (c. 1840–c. 1850)</li> <li><a href="/wiki/California_gold_rush" title="California gold rush">California gold rush</a> (1848–1855)</li> <li><a href="/wiki/Queen_Charlottes_Gold_Rush" title="Queen Charlottes Gold Rush">Queen Charlottes Gold Rush</a> (1851)</li> <li><a href="/wiki/Victorian_gold_rush" title="Victorian gold rush">Victorian gold rush</a> (1851–c. 1870)</li> <li><a href="/wiki/New_South_Wales_gold_rush" title="New South Wales gold rush">New South Wales gold rush</a> (1851–1880)</li> <li><a href="/wiki/Australian_gold_rushes" title="Australian gold rushes">Australian gold rushes</a> (1851–1914)</li> <li><a href="/wiki/Fraser_Canyon_Gold_Rush" title="Fraser Canyon Gold Rush">Fraser Canyon Gold Rush</a> (1858)</li> <li><a href="/wiki/Pike%27s_Peak_gold_rush" title="Pike's Peak gold rush">Pike's Peak gold rush</a> (1858–1861)</li> <li><a href="/wiki/Rock_Creek_Gold_Rush" title="Rock Creek Gold Rush">Rock Creek Gold Rush</a> (1859)</li> <li><a href="/wiki/Pennsylvania_oil_rush" title="Pennsylvania oil rush">Pennsylvania oil rush</a> (1859–1891)</li> <li><a href="/wiki/Similkameen_Gold_Rush" title="Similkameen Gold Rush">Similkameen Gold Rush</a> (1860)</li> <li><a href="/wiki/Stikine_Gold_Rush" title="Stikine Gold Rush">Stikine Gold Rush</a> (1861)</li> <li><a href="/wiki/Steamboats_of_the_Colorado_River" title="Steamboats of the Colorado River">Colorado River mining boom</a> (1861–1864)</li> <li><a href="/wiki/Otago_gold_rush" title="Otago gold rush">Otago gold rush</a> (1861–1864)</li> <li><a href="/wiki/Cariboo_Gold_Rush" title="Cariboo Gold Rush">Cariboo Gold Rush</a> (1861–1867)</li> <li><a href="/wiki/Gold_mining_in_Nova_Scotia" title="Gold mining in Nova Scotia">First Nova Scotia Gold Rush</a> (1861–1874)</li> <li><a href="/wiki/West_Coast_gold_rush" title="West Coast gold rush">West Coast gold rush</a> (1864–1867)</li> <li><a href="/wiki/Big_Bend_Gold_Rush" title="Big Bend Gold Rush">Big Bend Gold Rush</a> (c. 1865)</li> <li><a href="/wiki/Vermilion_Lake_gold_rush" title="Vermilion Lake gold rush">Vermilion Lake gold rush</a> (1865–1867)</li> <li><a href="/wiki/Kildonan_Gold_Rush" title="Kildonan Gold Rush">Kildonan Gold Rush</a> (1869)</li> <li><a href="/wiki/Omineca_Gold_Rush" title="Omineca Gold Rush">Omineca Gold Rush</a> (1869)</li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Second_Industrial_Revolution" title="Second Industrial Revolution">2nd Industrial Revolution</a><br />(1870–1914)</th><td class="navbox-list-with-group navbox-list navbox-even hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Lapland_gold_rush" title="Lapland gold rush">1870s Lapland gold rush</a></li> <li><a href="/wiki/Coromandel_Gold_Rushes" title="Coromandel Gold Rushes">Coromandel Gold Rushes</a> (c. 1870–c. 1890)</li> <li><a href="/wiki/Cassiar_Country" title="Cassiar Country">Cassiar Gold Rush</a> (c. 1870–c. 1890)</li> <li><a href="/wiki/Black_Hills_gold_rush" title="Black Hills gold rush">Black Hills gold rush</a> (1874–1880)</li> <li><a href="/wiki/Colorado_Silver_Boom" title="Colorado Silver Boom">Colorado Silver Boom</a> (1879–1893)</li> <li><a href="/wiki/Western_Australian_gold_rushes" title="Western Australian gold rushes">Western Australian gold rushes</a> (c. 1880–c. 1900)</li> <li><a href="/wiki/Indiana_gas_boom" title="Indiana gas boom">Indiana gas boom</a> (c. 1880–1903)</li> <li><a href="/wiki/Petroleum_industry_in_Ohio" title="Petroleum industry in Ohio">Ohio oil rush</a> (c. 1880–c. 1930)</li> <li><a href="/wiki/Tierra_del_Fuego_gold_rush" title="Tierra del Fuego gold rush">Tierra del Fuego gold rush</a> (1883–1906)</li> <li><a href="/wiki/Cayoosh_Gold_Rush" title="Cayoosh Gold Rush">Cayoosh Gold Rush</a> (1884)</li> <li><a href="/wiki/Witwatersrand_Gold_Rush" title="Witwatersrand Gold Rush">Witwatersrand Gold Rush</a> (1886)</li> <li><a href="/wiki/Encilhamento" title="Encilhamento">Encilhamento</a> (1886–1890)</li> <li><a href="/wiki/Cripple_Creek_Gold_Rush" title="Cripple Creek Gold Rush">Cripple Creek Gold Rush</a> (c. 1890–c. 1910)</li> <li><a href="/wiki/Klondike_Gold_Rush" title="Klondike Gold Rush">Klondike Gold Rush</a> (1896–1899)</li> <li><a href="/wiki/Gold_mining_in_Nova_Scotia" title="Gold mining in Nova Scotia">Second Nova Scotia Gold Rush</a> (1896–1903)</li> <li><a href="/wiki/Kobuk_River_Stampede" title="Kobuk River Stampede">Kobuk River Stampede</a> (1897–1899)</li> <li><a href="/wiki/Mount_Baker_gold_rush" title="Mount Baker gold rush">Mount Baker gold rush</a> (1897–c. 1925)</li> <li><a href="/wiki/Nome_Gold_Rush" title="Nome Gold Rush">Nome Gold Rush</a> (1899–1909)</li> <li><a href="/wiki/Fairbanks_Gold_Rush" title="Fairbanks Gold Rush">Fairbanks Gold Rush</a> (c. 1900–1918)</li> <li><a href="/wiki/Texas_oil_boom" title="Texas oil boom">Texas oil boom</a> (1901–1918)</li> <li><a href="/wiki/Cobalt_silver_rush" title="Cobalt silver rush">Cobalt silver rush</a> (1903–1918)</li> <li><a href="/wiki/Porcupine_Gold_Rush" title="Porcupine Gold Rush">Porcupine Gold Rush</a> (1909–1918)</li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Interwar_period" title="Interwar period">Interwar period</a><br />(1918–1939)</th><td class="navbox-list-with-group navbox-list navbox-odd hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Florida_land_boom_of_the_1920s" title="Florida land boom of the 1920s">1920s Florida land boom</a> (c. 1920–1925)</li> <li><a href="/wiki/Fairbanks_Gold_Rush" title="Fairbanks Gold Rush">Fairbanks Gold Rush</a> (1918–c. 1930)</li> <li><a href="/wiki/Texas_oil_boom" title="Texas oil boom">Texas oil boom</a> (1918–1945)</li> <li><a href="/wiki/Cobalt_silver_rush" title="Cobalt silver rush">Cobalt silver rush</a> (1918–c. 1930)</li> <li><a href="/wiki/Porcupine_Gold_Rush" title="Porcupine Gold Rush">Porcupine Gold Rush</a> (1918–1945)</li> <li><a href="/wiki/Kakamega_gold_rush" title="Kakamega gold rush">1930s Kakamega gold rush</a></li> <li><a href="/wiki/Gold_mining_in_Nova_Scotia" title="Gold mining in Nova Scotia">Third Nova Scotia Gold Rush</a> (1932–1942)</li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a class="mw-selflink selflink">Post–WWII expansion</a><br />(1945–1973)</th><td class="navbox-list-with-group navbox-list navbox-even hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Texas_oil_boom" title="Texas oil boom">Texas oil boom</a> (1945–c. 1950)</li> <li><a href="/wiki/Porcupine_Gold_Rush" title="Porcupine Gold Rush">Porcupine Gold Rush</a> (1945–c. 1960)</li> <li><a href="/wiki/Poseidon_bubble" title="Poseidon bubble">Poseidon bubble</a> (1969–1970)</li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Stagflation" title="Stagflation">The Great Inflation</a><br />(1973–1982)</th><td class="navbox-list-with-group navbox-list navbox-odd hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/1970s_commodities_boom" title="1970s commodities boom">1970s commodities boom</a></li> <li><a href="/wiki/Mexican_oil_boom" title="Mexican oil boom">Mexican oil boom</a> (1977–1981)</li> <li><a href="/wiki/Silver_Thursday" title="Silver Thursday">Silver Thursday</a> (1980)</li> <li><a href="/wiki/New_Zealand_property_bubble" title="New Zealand property bubble">New Zealand property bubble</a> (c. 1980–1982)</li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Great_Moderation" title="Great Moderation">Great Moderation</a>/<br /><a href="/wiki/Great_Regression" class="mw-redirect" title="Great Regression">Great Regression</a><br />(1982–2007)</th><td class="navbox-list-with-group navbox-list navbox-even hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/1980s_oil_glut" title="1980s oil glut">1980s oil glut</a></li> <li><a href="/wiki/New_Zealand_property_bubble" title="New Zealand property bubble">New Zealand property bubble</a> (1982–)</li> <li><a href="/wiki/Spanish_property_bubble" title="Spanish property bubble">Spanish property bubble</a> (1985–2008)</li> <li><a href="/wiki/Japanese_asset_price_bubble" title="Japanese asset price bubble">Japanese asset price bubble</a> (1986–1990)</li> <li><a href="/wiki/Dot-com_bubble" title="Dot-com bubble">Dot-com bubble</a> (1995–2000)</li> <li><a href="/wiki/Baltic_states_housing_bubble" title="Baltic states housing bubble">Baltic states housing bubble</a> (2000–2006)</li> <li><a href="/wiki/Irish_property_bubble" title="Irish property bubble">Irish property bubble</a> (c. 2000–2007)</li> <li><a href="/wiki/2000s_commodities_boom" title="2000s commodities boom">2000s commodities boom</a> (2000–2008)</li> <li><a href="/wiki/Danish_property_bubble_of_2000s" title="Danish property bubble of 2000s">2000s Danish property bubble</a> (2001–2006)</li> <li><a href="/wiki/2000s_United_States_housing_bubble" title="2000s United States housing bubble">United States housing bubble</a> (2002–2006)</li> <li><a href="/wiki/Romanian_property_bubble" title="Romanian property bubble">Romanian property bubble</a> (2002–2007)</li> <li><a href="/wiki/Polish_property_bubble" title="Polish property bubble">Polish property bubble</a> (2002–2008)</li> <li><a href="/wiki/Canadian_property_bubble" title="Canadian property bubble">Canadian property bubble</a> (2002–)</li> <li><a href="/wiki/Chinese_property_bubble_(2005%E2%80%932011)" title="Chinese property bubble (2005–2011)">Chinese property bubble</a> (2005–2011)</li> <li><a href="/wiki/Lebanese_housing_bubble" title="Lebanese housing bubble">Lebanese housing bubble</a> (2005–2008)</li></ul> <ul><li><a href="/wiki/Chinese_stock_bubble_of_2007" title="Chinese stock bubble of 2007">Chinese stock bubble of 2007</a></li> <li><a href="/wiki/Uranium_bubble_of_2007" title="Uranium bubble of 2007">Uranium bubble of 2007</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Information_Age" title="Information Age">Information Age</a><br />(2007–present)</th><td class="navbox-list-with-group navbox-list navbox-odd hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/2000s_commodities_boom" title="2000s commodities boom">2000s commodities boom</a> (2008–2014)</li> <li><a href="/wiki/Lebanese_housing_bubble" title="Lebanese housing bubble">Lebanese housing bubble</a> (2008–)</li> <li><a href="/wiki/Corporate_debt_bubble" title="Corporate debt bubble">Corporate debt bubble</a> (2008–)</li> <li><a href="/wiki/Australian_property_bubble" title="Australian property bubble">Australian property bubble</a> (2010–)</li> <li><a href="/wiki/Cryptocurrency_bubble" title="Cryptocurrency bubble">Cryptocurrency bubble</a> (2011–)</li> <li><a href="/wiki/Everything_bubble" title="Everything bubble">Everything bubble</a> (2020–21)</li></ul> </div></td></tr><tr><td class="navbox-abovebelow" colspan="2"><div> <ul><li><a href="/wiki/Carbon_bubble" title="Carbon bubble">Carbon bubble</a></li> <li><a href="/wiki/Green_bubble" title="Green bubble">Green bubble</a></li> <li><a href="/wiki/Social_media_stock_bubble" title="Social media stock bubble">Social media stock bubble</a></li> <li><a href="/wiki/Unicorn_bubble" title="Unicorn bubble">Unicorn bubble</a></li> <li><a href="/wiki/Higher_education_bubble_in_the_United_States" title="Higher education bubble in the United States">U.S. higher education bubble</a></li></ul> </div></td></tr></tbody></table></div> <div class="navbox-styles"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1236075235"></div><div role="navigation" class="navbox" aria-labelledby="Financial_crises" style="padding:3px"><table class="nowraplinks hlist mw-collapsible mw-collapsed navbox-inner" style="border-spacing:0;background:transparent;color:inherit"><tbody><tr><th scope="col" class="navbox-title" colspan="2"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1239400231"><div class="navbar plainlinks hlist navbar-mini"><ul><li class="nv-view"><a href="/wiki/Template:Financial_crises" title="Template:Financial crises"><abbr title="View this template">v</abbr></a></li><li class="nv-talk"><a href="/wiki/Template_talk:Financial_crises" title="Template talk:Financial crises"><abbr title="Discuss this template">t</abbr></a></li><li class="nv-edit"><a href="/wiki/Special:EditPage/Template:Financial_crises" title="Special:EditPage/Template:Financial crises"><abbr title="Edit this template">e</abbr></a></li></ul></div><div id="Financial_crises" style="font-size:114%;margin:0 4em"><a href="/wiki/Financial_crisis" title="Financial crisis">Financial crises</a></div></th></tr><tr><td class="navbox-abovebelow" colspan="2"><div> <ul><li><span class="nowrap"><a href="/wiki/Bank_run" title="Bank run">Bank run</a></span></li> <li><span class="nowrap"><a href="/wiki/Commodity_price_shocks" title="Commodity price shocks">Commodity price shocks</a></span></li> <li><span class="nowrap"><a href="/wiki/Credit_crunch" title="Credit crunch">Credit crunch</a></span></li> <li><span class="nowrap"><a href="/wiki/Credit_cycle" title="Credit cycle">Credit cycle</a></span></li> <li><span class="nowrap"><a href="/wiki/Currency_crisis" title="Currency crisis">Currency crisis</a></span></li> <li><span class="nowrap"><a href="/wiki/Debt_crisis" title="Debt crisis">Debt crisis</a></span></li> <li><span class="nowrap"><a href="/wiki/Energy_crisis" title="Energy crisis">Energy crisis</a></span></li> <li><span class="nowrap"><a href="/wiki/Financial_contagion" title="Financial contagion">Financial contagion</a></span> <ul><li><span class="nowrap"><a href="/wiki/Social_contagion" title="Social contagion">Social contagion</a></span></li></ul></li> <li><span class="nowrap"><a href="/wiki/Flash_crash" title="Flash crash">Flash crash</a></span></li> <li><span class="nowrap"><a href="/wiki/Hyperinflation" title="Hyperinflation">Hyperinflation</a></span></li> <li><span class="nowrap"><a href="/wiki/Liquidity_crisis" title="Liquidity crisis">Liquidity crisis</a></span> <ul><li><span class="nowrap"><a href="/wiki/Accounting_liquidity" title="Accounting liquidity">Accounting</a></span></li> <li><span class="nowrap"><a href="/wiki/Liquid_capital" title="Liquid capital">Capital</a></span></li> <li><span class="nowrap"><a href="/wiki/Funding_liquidity" title="Funding liquidity">Funding</a></span></li> <li><span class="nowrap"><a href="/wiki/Market_liquidity" title="Market liquidity">Market</a></span></li></ul></li> <li><span class="nowrap"><a href="/wiki/Minsky_moment" title="Minsky moment">Minsky moment</a></span></li> <li><span class="nowrap"><a href="/wiki/Social_crisis" title="Social crisis">Social crisis</a></span></li> <li><span class="nowrap"><a href="/wiki/Stock_market_crash" title="Stock market crash">Stock market crash</a></span></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Pre-<a href="/wiki/Commercial_revolution" title="Commercial revolution">1000</a></th><td class="navbox-list-with-group navbox-list navbox-odd hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><span class="nowrap"><a href="/wiki/Financial_crisis_of_33" title="Financial crisis of 33">Financial crisis of 33 CE</a></span></li> <li><span class="nowrap"><a href="/wiki/Crisis_of_the_Third_Century" title="Crisis of the Third Century">Crisis of the Third Century</a> (235–284 CE)</span></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Commercial_revolution" title="Commercial revolution">Commercial revolution</a><br />(1000–1760)</th><td class="navbox-list-with-group navbox-list navbox-even hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><span class="nowrap"><a href="/wiki/Great_Bullion_Famine" title="Great Bullion Famine">Great Bullion Famine</a> (c. 1400–c. 1500)</span></li> <li><span class="nowrap"><a href="/wiki/The_Great_Debasement" title="The Great Debasement">The Great Debasement</a> (1544–1551)</span></li> <li><span class="nowrap"><a href="/wiki/Financial_history_of_the_Dutch_Republic" title="Financial history of the Dutch Republic">Dutch Republic stock market crashes</a> (c. 1600–1760)</span></li> <li><span class="nowrap"><i><a href="/wiki/Kipper_und_Wipper" title="Kipper und Wipper">Kipper und Wipper</a></i> (1621–1623)</span></li> <li><span class="nowrap"><a href="/wiki/Tulip_mania" title="Tulip mania">Tulip mania crash</a> (1637)</span></li> <li><span class="nowrap"><a href="/wiki/South_Sea_Company" title="South Sea Company">South Sea bubble crash</a> (1720)</span></li> <li><span class="nowrap"><a href="/wiki/Mississippi_Company" title="Mississippi Company">Mississippi bubble crash</a> (1720)</span></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Industrial_Revolution" title="Industrial Revolution">1st Industrial Revolution</a><br />(1760–1840)</th><td class="navbox-list-with-group navbox-list navbox-odd hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><span class="nowrap"><a href="/wiki/Amsterdam_banking_crisis_of_1763" title="Amsterdam banking crisis of 1763">Amsterdam banking crisis of 1763</a></span></li> <li><span class="nowrap"><a href="/wiki/Bengal_Bubble_of_1769" title="Bengal Bubble of 1769">Bengal bubble crash</a> (1769–1784)</span></li> <li><span class="nowrap"><a href="/wiki/British_credit_crisis_of_1772%E2%80%931773" title="British credit crisis of 1772–1773">British credit crisis of 1772–1773</a></span></li> <li><span class="nowrap"><a href="/wiki/Financial_history_of_the_Dutch_Republic" title="Financial history of the Dutch Republic">Dutch Republic financial collapse</a> (c. 1780–1795)</span></li> <li><span class="nowrap"><a href="/wiki/Copper_Panic_of_1789" title="Copper Panic of 1789">Copper Panic of 1789</a></span></li> <li><span class="nowrap"><a href="/wiki/Panic_of_1792" title="Panic of 1792">Panic of 1792</a></span></li> <li><span class="nowrap"><a href="/wiki/Panic_of_1796%E2%80%931797" title="Panic of 1796–1797">Panic of 1796–1797</a></span></li> <li><span class="nowrap"><a href="/wiki/Danish_state_bankruptcy_of_1813" title="Danish state bankruptcy of 1813">Danish state bankruptcy of 1813</a></span></li> <li><span class="nowrap"><a href="/wiki/Commodity_price_shocks" title="Commodity price shocks">Post-Napoleonic Irish grain price and land use shocks</a> (1815–1816)</span></li> <li><span class="nowrap"><a href="/wiki/Panic_of_1819" title="Panic of 1819">Panic of 1819</a></span></li> <li><span class="nowrap"><a href="/wiki/Panic_of_1825" title="Panic of 1825">Panic of 1825</a></span></li> <li><span class="nowrap"><a href="/wiki/Panic_of_1837" title="Panic of 1837">Panic of 1837</a></span></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">1840–1870</th><td class="navbox-list-with-group navbox-list navbox-even hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><span class="nowrap"><a href="/wiki/European_potato_failure" title="European potato failure">European potato failure</a> (1845–1856)</span> <ul><li><span class="nowrap"><a href="/wiki/Great_Famine_(Ireland)" title="Great Famine (Ireland)">Great Irish Famine</a></span></li> <li><span class="nowrap"><a href="/wiki/Highland_Potato_Famine" title="Highland Potato Famine">Highland Potato Famine</a></span></li></ul></li> <li><span class="nowrap"><a href="/wiki/Panic_of_1847" title="Panic of 1847">Panic of 1847</a></span></li> <li><span class="nowrap"><a href="/wiki/Panic_of_1857" title="Panic of 1857">Panic of 1857</a></span></li> <li><span class="nowrap"><a href="/wiki/Panic_of_1866" title="Panic of 1866">Panic of 1866</a></span></li> <li><span class="nowrap"><a href="/wiki/Black_Friday_(1869)" title="Black Friday (1869)">Black Friday</a> (1869)</span></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Second_Industrial_Revolution" title="Second Industrial Revolution">2nd Industrial Revolution</a><br />(1870–1914)</th><td class="navbox-list-with-group navbox-list navbox-odd hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><span class="nowrap"><a href="/wiki/Panic_of_1873" title="Panic of 1873">Panic of 1873</a></span></li> <li><span class="nowrap"><a href="/wiki/Paris_Bourse_crash_of_1882" title="Paris Bourse crash of 1882">Paris Bourse crash of 1882</a></span></li> <li><span class="nowrap"><a href="/wiki/Panic_of_1884" title="Panic of 1884">Panic of 1884</a></span></li> <li><span class="nowrap"><a href="/wiki/Arendal_crash" title="Arendal crash">Arendal crash</a> (1886)</span></li> <li><span class="nowrap"><a href="/wiki/Baring_crisis" title="Baring crisis">Baring crisis</a> (1890)</span></li> <li><span class="nowrap"><a href="/wiki/Encilhamento" title="Encilhamento">Encilhamento</a> (1890–1893)</span></li> <li><span class="nowrap"><a href="/wiki/Panic_of_1893" title="Panic of 1893">Panic of 1893</a></span></li> <li><span class="nowrap"><a href="/wiki/Australian_banking_crisis_of_1893" title="Australian banking crisis of 1893">Australian banking crisis of 1893</a></span></li> <li><span class="nowrap"><a href="/wiki/Black_Monday_(1894)" title="Black Monday (1894)">Black Monday</a> (1894)</span></li> <li><span class="nowrap"><a href="/wiki/Panic_of_1896" title="Panic of 1896">Panic of 1896</a></span></li> <li><span class="nowrap"><a href="/wiki/Panic_of_1901" title="Panic of 1901">Panic of 1901</a></span></li> <li><span class="nowrap"><a href="/wiki/Panic_of_1907" title="Panic of 1907">Panic of 1907</a></span></li> <li><span class="nowrap"><a href="/wiki/Shanghai_rubber_stock_market_crisis" title="Shanghai rubber stock market crisis">Shanghai rubber stock market crisis</a> (1910)</span></li> <li><span class="nowrap"><a href="/wiki/Panic_of_1910%E2%80%9311" title="Panic of 1910–11">Panic of 1910–11</a></span></li> <li><span class="nowrap"><a href="/wiki/Financial_crisis_of_1914" title="Financial crisis of 1914">Financial crisis of 1914</a></span></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Interwar_period" title="Interwar period">Interwar period</a><br />(1918–1939)</th><td class="navbox-list-with-group navbox-list navbox-even hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><span class="nowrap"><a href="/wiki/Hyperinflation_in_early_Soviet_Russia" title="Hyperinflation in early Soviet Russia">Early Soviet hyperinflation</a> (1917–1924)</span></li> <li><span class="nowrap"><a href="/wiki/Hyperinflation_in_the_Weimar_Republic" title="Hyperinflation in the Weimar Republic">Weimar Republic hyperinflation</a> (1921–1923)</span></li> <li><span class="nowrap"><a href="/wiki/Sh%C5%8Dwa_financial_crisis" title="Shōwa financial crisis">Shōwa financial crisis</a> (1927)</span></li> <li><span class="nowrap"><a href="/wiki/Wall_Street_Crash_of_1929" class="mw-redirect" title="Wall Street Crash of 1929">Wall Street Crash of 1929</a></span></li> <li><span class="nowrap"><a href="/wiki/Panic_of_1930" title="Panic of 1930">Panic of 1930</a></span></li> <li><span class="nowrap"><a href="/wiki/Chinese_hyperinflation" title="Chinese hyperinflation">Chinese hyperinflation</a> (1937-1950)</span></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/World_War_II" title="World War II">Wartime period</a><br />(1939–1945)</th><td class="navbox-list-with-group navbox-list navbox-odd hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><span class="nowrap"><a href="/wiki/Hyperinflation_in_Greece" title="Hyperinflation in Greece">Greek hyperinflation</a> (1941–1946)</span></li> <li><span class="nowrap"><a href="/wiki/Chinese_hyperinflation" title="Chinese hyperinflation">Chinese hyperinflation</a> (1937-1950)</span></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a class="mw-selflink selflink">Post–WWII expansion</a><br />(1945–1973)</th><td class="navbox-list-with-group navbox-list navbox-even hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><span class="nowrap"><a href="/wiki/Hungarian_peng%C5%91#Hyperinflation" title="Hungarian pengő">Hungarian pengő hyperinflation</a> (1945–1946)</span></li> <li><span class="nowrap"><a href="/wiki/Kennedy_Slide_of_1962" title="Kennedy Slide of 1962">Kennedy Slide of 1962</a></span></li> <li><span class="nowrap"><a href="/w/index.php?title=1963%E2%80%931965_Indonesian_hyperinflation&action=edit&redlink=1" class="new" title="1963–1965 Indonesian hyperinflation (page does not exist)">1963–1965 Indonesian hyperinflation</a></span></li> <li><span class="nowrap"><a href="/wiki/Chinese_hyperinflation" title="Chinese hyperinflation">Chinese hyperinflation</a> (1937-1950)</span></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Stagflation" title="Stagflation">Great Inflation</a><br />(1973–1982)</th><td class="navbox-list-with-group navbox-list navbox-odd hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><span class="nowrap"><a href="/wiki/1970s_energy_crisis" title="1970s energy crisis">1970s energy crisis</a> (1973–1980)</span></li> <li><span class="nowrap"><a href="/wiki/1973_oil_crisis" title="1973 oil crisis">1973 oil crisis</a></span></li> <li><span class="nowrap"><a href="/wiki/1973%E2%80%931974_stock_market_crash" title="1973–1974 stock market crash">1973–1974 stock market crash</a></span></li> <li><span class="nowrap"><a href="/wiki/Secondary_banking_crisis_of_1973%E2%80%931975" title="Secondary banking crisis of 1973–1975">Secondary banking crisis of 1973–1975</a></span></li> <li><span class="nowrap"><a href="/wiki/Steel_crisis" title="Steel crisis">Steel crisis</a> (1973–1982)</span></li> <li><span class="nowrap"><a href="/wiki/Latin_American_debt_crisis" title="Latin American debt crisis">Latin American debt crisis</a> (1975–1982)</span></li> <li><span class="nowrap"><a href="/wiki/1976_sterling_crisis" title="1976 sterling crisis">1976 British currency crisis</a></span></li> <li><span class="nowrap"><a href="/wiki/1979_oil_crisis" title="1979 oil crisis">1979 oil crisis</a></span></li> <li><span class="nowrap"><a href="/wiki/Hyperinflation_in_Brazil" title="Hyperinflation in Brazil">Brazilian hyperinflation</a> (1980–1982)</span></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Great_Moderation" title="Great Moderation">Great Moderation</a>/<br /><a href="/wiki/Great_Regression" class="mw-redirect" title="Great Regression">Great Regression</a><br />(1982–2007)</th><td class="navbox-list-with-group navbox-list navbox-even hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><span class="nowrap"><a href="/wiki/Hyperinflation_in_Brazil" title="Hyperinflation in Brazil">Brazilian hyperinflation</a> (1982–1994)</span></li> <li><span class="nowrap"><a href="/wiki/Souk_Al-Manakh_stock_market_crash" title="Souk Al-Manakh stock market crash">Souk Al-Manakh stock market crash</a> (1982)</span></li> <li><span class="nowrap"><a href="/wiki/Crisis_of_1982" title="Crisis of 1982">Chilean crisis of 1982</a></span></li> <li><span class="nowrap"><a href="/wiki/1983_Israel_bank_stock_crisis" title="1983 Israel bank stock crisis">1983 Israel bank stock crisis</a></span></li> <li><span class="nowrap"><a href="/wiki/Black_Saturday_(1983)" title="Black Saturday (1983)">Black Saturday (1983)</a></span></li> <li><span class="nowrap"><a href="/wiki/Savings_and_loan_crisis" title="Savings and loan crisis">Savings and loan crisis</a> (1986–1995)</span></li> <li><span class="nowrap"><a href="/wiki/Cameroonian_economic_crisis" title="Cameroonian economic crisis">Cameroonian economic crisis</a> (1987–2000s)</span></li> <li><span class="nowrap"><a href="/wiki/Black_Monday_(1987)" title="Black Monday (1987)">Black Monday (1987)</a></span></li> <li><span class="nowrap"><a href="/wiki/1988%E2%80%931992_Norwegian_banking_crisis" title="1988–1992 Norwegian banking crisis">1988–1992 Norwegian banking crisis</a></span></li> <li><span class="nowrap"><a href="/wiki/Japanese_asset_price_bubble" title="Japanese asset price bubble">Japanese asset price bubble crash</a> (1990–1992)</span></li> <li><span class="nowrap"><a href="/wiki/Rhode_Island_banking_crisis" title="Rhode Island banking crisis">Rhode Island banking crisis</a> (1990–1992)</span></li> <li><span class="nowrap"><a href="/wiki/1991_Indian_economic_crisis" title="1991 Indian economic crisis">1991 Indian economic crisis</a></span></li> <li><span class="nowrap"><a href="/wiki/Sweden_financial_crisis_1990%E2%80%931994" class="mw-redirect" title="Sweden financial crisis 1990–1994">1990s Swedish financial crisis</a></span></li> <li><span class="nowrap"><a href="/wiki/1990s_Finnish_banking_crisis" title="1990s Finnish banking crisis">1990s Finnish banking crisis</a></span></li> <li><span class="nowrap"><a href="/wiki/Armenian_energy_crisis_of_1990s" class="mw-redirect" title="Armenian energy crisis of 1990s">1990s Armenian energy crisis</a></span></li> <li><span class="nowrap"><a href="/wiki/Special_Period" title="Special Period">Cuban Special Period</a> (1991–2000)</span></li> <li><span class="nowrap"><a href="/wiki/Black_Wednesday" title="Black Wednesday">Black Wednesday (1992 Sterling crisis)</a></span></li> <li><span class="nowrap"><a href="/wiki/Hyperinflation_in_the_Federal_Republic_of_Yugoslavia" title="Hyperinflation in the Federal Republic of Yugoslavia">Yugoslav hyperinflation</a> (1992–1994)</span></li> <li><span class="nowrap"><a href="/wiki/1994_bond_market_crisis" title="1994 bond market crisis">1994 bond market crisis</a></span></li> <li><span class="nowrap"><a href="/wiki/Venezuelan_banking_crisis_of_1994" title="Venezuelan banking crisis of 1994">Venezuelan banking crisis of 1994</a></span></li> <li><span class="nowrap"><a href="/wiki/Mexican_peso_crisis" title="Mexican peso crisis">Mexican peso crisis</a> (1994–1996)</span></li> <li><span class="nowrap"><a href="/wiki/1997_Asian_financial_crisis" title="1997 Asian financial crisis">1997 Asian financial crisis</a></span></li> <li><span class="nowrap"><a href="/wiki/October_27,_1997,_mini-crash" title="October 27, 1997, mini-crash">October 1997 mini-crash</a></span></li> <li><span class="nowrap"><a href="/wiki/1998_Russian_financial_crisis" title="1998 Russian financial crisis">1998 Russian financial crisis</a></span></li> <li><span class="nowrap"><a href="/wiki/1998%E2%80%931999_Ecuador_economic_crisis" title="1998–1999 Ecuador economic crisis">1998–1999 Ecuador economic crisis</a></span></li> <li><span class="nowrap"><a href="/wiki/1998%E2%80%932002_Argentine_great_depression" title="1998–2002 Argentine great depression">1998–2002 Argentine great depression</a></span></li> <li><span class="nowrap"><a href="/wiki/Samba_effect" title="Samba effect">Samba effect</a> (1999)</span></li> <li><span class="nowrap"><a href="/wiki/Dot-com_bubble" title="Dot-com bubble">Dot-com bubble crash</a> (2000–2004)</span></li> <li><span class="nowrap"><a href="/wiki/Economic_effects_of_the_September_11_attacks" title="Economic effects of the September 11 attacks">9/11 stock market crash</a> (2001)</span></li> <li><span class="nowrap"><a href="/wiki/2001_Turkish_economic_crisis" title="2001 Turkish economic crisis">2001 Turkish economic crisis</a></span></li> <li><span class="nowrap"><a href="/wiki/South_American_economic_crisis_of_2002" title="South American economic crisis of 2002">South American economic crisis of 2002</a></span></li> <li><span class="nowrap"><a href="/wiki/Stock_market_downturn_of_2002" title="Stock market downturn of 2002">Stock market downturn of 2002</a></span></li> <li><span class="nowrap"><a href="/wiki/2002_Uruguay_banking_crisis" title="2002 Uruguay banking crisis">2002 Uruguay banking crisis</a></span></li> <li><span class="nowrap"><a href="/wiki/2003_Myanmar_banking_crisis" title="2003 Myanmar banking crisis">2003 Myanmar banking crisis</a></span></li> <li><span class="nowrap"><a href="/wiki/2000s_energy_crisis" title="2000s energy crisis">2000s energy crisis</a> (2003–2008)</span></li> <li><span class="nowrap"><a href="/wiki/2004_Argentine_energy_crisis" title="2004 Argentine energy crisis">2004 Argentine energy crisis</a></span></li> <li><span class="nowrap"><a href="/wiki/Chinese_stock_bubble_of_2007" title="Chinese stock bubble of 2007">2007 Chinese stock bubble crash</a></span></li> <li><span class="nowrap"><a href="/wiki/Hyperinflation_in_Zimbabwe" title="Hyperinflation in Zimbabwe">Zimbabwean hyperinflation</a> (2007–present)</span></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Great_Recession" title="Great Recession">Great Recession</a><br />(2007–2009)</th><td class="navbox-list-with-group navbox-list navbox-odd hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><span class="nowrap"><a href="/wiki/2007%E2%80%932008_financial_crisis" title="2007–2008 financial crisis">2007–2008 financial crisis</a></span> <ul><li><span class="nowrap"><a href="/wiki/Global_financial_crisis_in_September_2008" title="Global financial crisis in September 2008">September 2008</a></span></li> <li><span class="nowrap"><a href="/wiki/Global_financial_crisis_in_October_2008" title="Global financial crisis in October 2008">October 2008</a></span></li> <li><span class="nowrap"><a href="/wiki/Global_financial_crisis_in_November_2008" title="Global financial crisis in November 2008">November 2008</a></span></li> <li><span class="nowrap"><a href="/wiki/Global_financial_crisis_in_December_2008" title="Global financial crisis in December 2008">December 2008</a></span></li> <li><span class="nowrap"><a href="/wiki/Global_financial_crisis_in_2009" title="Global financial crisis in 2009">2009</a></span></li> <li><span class="nowrap"><a href="/wiki/Subprime_mortgage_crisis" title="Subprime mortgage crisis">Subprime mortgage crisis</a></span></li> <li><span class="nowrap"><a href="/wiki/2000s_United_States_housing_market_correction" title="2000s United States housing market correction">2000s U.S. housing market correction</a></span></li> <li><span class="nowrap"><a href="/wiki/United_States_bear_market_of_2007%E2%80%932009" title="United States bear market of 2007–2009">U.S. bear market of 2007–2009</a></span></li> <li><span class="nowrap"><a href="/wiki/2008_Latvian_financial_crisis" title="2008 Latvian financial crisis">2008 Latvian financial crisis</a></span></li> <li><span class="nowrap"><a href="/wiki/2008%E2%80%932009_Belgian_financial_crisis" title="2008–2009 Belgian financial crisis">2008–2009 Belgian financial crisis</a></span></li> <li><span class="nowrap"><a href="/wiki/Great_Recession_in_Russia" title="Great Recession in Russia">2008–2009 Russian financial crisis</a></span></li> <li><span class="nowrap"><a href="/wiki/2008%E2%80%932009_Ukrainian_financial_crisis" title="2008–2009 Ukrainian financial crisis">2008–2009 Ukrainian financial crisis</a></span></li> <li><span class="nowrap"><a href="/wiki/2008%E2%80%932011_Icelandic_financial_crisis" title="2008–2011 Icelandic financial crisis">2008–2011 Icelandic financial crisis</a></span></li> <li><span class="nowrap"><a href="/wiki/Post-2008_Irish_banking_crisis" title="Post-2008 Irish banking crisis">2008–2011 Irish banking crisis</a></span></li> <li><span class="nowrap"><a href="/wiki/2008%E2%80%932014_Spanish_financial_crisis" title="2008–2014 Spanish financial crisis">2008–2014 Spanish financial crisis</a></span></li> <li><span class="nowrap"><a href="/wiki/Blue_Monday_Crash_2009" title="Blue Monday Crash 2009">Blue Monday Crash 2009</a></span></li> <li><span class="nowrap"><a href="/wiki/European_debt_crisis" title="European debt crisis">European debt crisis</a></span></li> <li><span class="nowrap"><a href="/wiki/Greek_government-debt_crisis" title="Greek government-debt crisis">Greek government-debt crisis</a></span></li></ul></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Information_Age" title="Information Age">Information Age</a><br />(2009–present)</th><td class="navbox-list-with-group navbox-list navbox-even hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><span class="nowrap"><a href="/wiki/Dubai_World" title="Dubai World">2009 Dubai debt standstill</a></span></li> <li><span class="nowrap"><a href="/wiki/Venezuelan_banking_crisis_of_2009%E2%80%932010" title="Venezuelan banking crisis of 2009–2010">Venezuelan banking crisis of 2009–2010</a></span></li> <li><span class="nowrap"><a href="/wiki/2010%E2%80%932014_Portuguese_financial_crisis" title="2010–2014 Portuguese financial crisis">2010–2014 Portuguese financial crisis</a></span></li> <li><span class="nowrap"><a href="/wiki/Energy_crisis_in_Venezuela" title="Energy crisis in Venezuela">Energy crisis in Venezuela</a> (2010–present)</span></li> <li><span class="nowrap"><a href="/wiki/Economy_of_Syria" title="Economy of Syria">Syrian economic crisis</a> (2011–present)</span></li> <li><span class="nowrap"><a href="/wiki/August_2011_stock_markets_fall" title="August 2011 stock markets fall">August 2011 stock markets fall</a></span></li> <li><span class="nowrap"><a href="/wiki/2011_Bangladesh_share_market_scam" title="2011 Bangladesh share market scam">2011 Bangladesh share market scam</a></span></li> <li><span class="nowrap"><a href="/wiki/2012%E2%80%932013_Cypriot_financial_crisis" title="2012–2013 Cypriot financial crisis">2012–2013 Cypriot financial crisis</a></span></li> <li><span class="nowrap"><a href="/wiki/Chinese_Banking_Liquidity_Crisis_of_2013" title="Chinese Banking Liquidity Crisis of 2013">2013 Chinese banking liquidity crisis</a></span></li> <li><span class="nowrap"><a href="/wiki/2013%E2%80%93present_economic_crisis_in_Venezuela" title="2013–present economic crisis in Venezuela">Venezuela economic crisis</a> (2013–present)</span></li> <li><span class="nowrap"><a href="/wiki/2014_Brazilian_economic_crisis" title="2014 Brazilian economic crisis">2014–2016 Brazilian economic crisis</a></span></li> <li><span class="nowrap"><a href="/wiki/Puerto_Rican_government-debt_crisis" title="Puerto Rican government-debt crisis">Puerto Rican government-debt crisis</a> (2014–2022)</span></li> <li><span class="nowrap"><a href="/wiki/Russian_financial_crisis_(2014%E2%80%932016)" title="Russian financial crisis (2014–2016)">Russian financial crisis (2014–2016)</a></span></li> <li><span class="nowrap"><a href="/wiki/2015_Nepal_blockade" title="2015 Nepal blockade">2015 Nepal blockade</a></span></li> <li><span class="nowrap"><a href="/wiki/2015%E2%80%932016_Chinese_stock_market_turbulence" title="2015–2016 Chinese stock market turbulence">2015–2016 Chinese stock market turbulence</a></span></li> <li><span class="nowrap"><a href="/wiki/2015%E2%80%932016_stock_market_selloff" title="2015–2016 stock market selloff">2015–2016 stock market selloff</a></span></li> <li><span class="nowrap"><a href="/wiki/Economic_effects_of_Brexit" title="Economic effects of Brexit">Brexit stock market crash</a> (2016)</span></li> <li><span class="nowrap"><a href="/wiki/Hyperinflation_in_Venezuela" title="Hyperinflation in Venezuela">Venezuelan hyperinflation</a> (2016–2022)</span></li> <li><span class="nowrap"><a href="/wiki/2017_Sri_Lankan_fuel_crisis" title="2017 Sri Lankan fuel crisis">2017 Sri Lankan fuel crisis</a></span></li> <li><span class="nowrap"><a href="/wiki/Ghana_banking_crisis" title="Ghana banking crisis">Ghana banking crisis</a> (2017–2018)</span></li> <li><span class="nowrap"><a href="/wiki/Turkish_economic_crisis_(2018%E2%80%93current)" title="Turkish economic crisis (2018–current)">Turkish economic crisis</a> (2018–present)</span></li> <li><span class="nowrap"><a href="/wiki/Lebanese_liquidity_crisis" title="Lebanese liquidity crisis">Lebanese liquidity crisis</a> (2019–present)</span></li> <li><span class="nowrap"><a href="/wiki/Sri_Lankan_economic_crisis_(2019%E2%80%93present)" title="Sri Lankan economic crisis (2019–present)">Sri Lankan economic crisis</a> (2019–present)</span></li> <li><span class="nowrap"><a href="/wiki/Economic_impact_of_the_COVID-19_pandemic" title="Economic impact of the COVID-19 pandemic">COVID-19 pandemic</a></span> <ul><li><span class="nowrap"><a href="/wiki/Financial_market_impact_of_the_COVID-19_pandemic" title="Financial market impact of the COVID-19 pandemic">Financial market impact</a></span></li> <li><span class="nowrap"><a href="/wiki/2020_stock_market_crash" title="2020 stock market crash">2020 stock market crash</a></span></li> <li><span class="nowrap"><a href="/wiki/Early_2020s_recession" class="mw-redirect" title="Early 2020s recession">Recession</a></span></li></ul></li> <li><span class="nowrap"><a href="/wiki/Chinese_property_sector_crisis_(2020%E2%80%93present)" title="Chinese property sector crisis (2020–present)">Chinese property sector crisis</a> (2020–present)</span></li> <li><span class="nowrap"><a href="/wiki/2021%E2%80%932023_inflation_surge" title="2021–2023 inflation surge">2021–2023 inflation surge</a></span></li> <li><span class="nowrap"><a href="/wiki/Economic_impact_of_the_Russian_invasion_of_Ukraine" title="Economic impact of the Russian invasion of Ukraine">2022 Russian financial crisis</a></span></li> <li><span class="nowrap"><a href="/wiki/Pakistani_economic_crisis_(2022%E2%80%93present)" title="Pakistani economic crisis (2022–present)">Pakistani economic crisis</a> (2022–present)</span></li> <li><span class="nowrap"><a href="/wiki/2022_stock_market_decline" title="2022 stock market decline">2022 stock market decline</a></span></li> <li><span class="nowrap"><a href="/wiki/German_economic_crisis_(2022%E2%80%93present)" title="German economic crisis (2022–present)">2022–2024 German economic crisis</a></span></li> <li><span class="nowrap"><a href="/wiki/2023_United_States_banking_crisis" title="2023 United States banking crisis">2023 United States banking crisis</a></span></li> <li><span class="nowrap"><a href="/wiki/2023%E2%80%932024_Egyptian_financial_crisis" title="2023–2024 Egyptian financial crisis">2023–2024 Egyptian financial crisis</a></span></li></ul> </div></td></tr><tr><td class="navbox-abovebelow" colspan="2"><div> <ul><li><span class="nowrap"><a href="/wiki/List_of_banking_crises" title="List of banking crises">List of banking crises</a></span></li> <li><span class="nowrap"><a href="/wiki/List_of_economic_crises" title="List of economic crises">List of economic crises</a></span></li> <li><span class="nowrap"><a href="/wiki/List_of_sovereign_debt_crises" title="List of sovereign debt crises">List of sovereign debt crises</a></span></li> <li><span class="nowrap"><a href="/wiki/List_of_stock_market_crashes_and_bear_markets" title="List of stock market crashes and bear markets">List of stock market crashes and bear markets</a></span></li></ul> </div></td></tr></tbody></table></div> <div class="navbox-styles"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1236075235"></div><div role="navigation" class="navbox" aria-labelledby="Economic_expansions_and_recessions_in_the_United_States_and_Commonwealth_of_Nations_countries" style="padding:3px"><table class="nowraplinks hlist mw-collapsible mw-collapsed navbox-inner" style="border-spacing:0;background:transparent;color:inherit"><tbody><tr><th scope="col" class="navbox-title" colspan="2"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1239400231"><div class="navbar plainlinks hlist navbar-mini"><ul><li class="nv-view"><a href="/wiki/Template:United_States_%E2%80%93_Commonwealth_of_Nations_recessions" title="Template:United States – Commonwealth of Nations recessions"><abbr title="View this template">v</abbr></a></li><li class="nv-talk"><a href="/wiki/Template_talk:United_States_%E2%80%93_Commonwealth_of_Nations_recessions" title="Template talk:United States – Commonwealth of Nations recessions"><abbr title="Discuss this template">t</abbr></a></li><li class="nv-edit"><a href="/wiki/Special:EditPage/Template:United_States_%E2%80%93_Commonwealth_of_Nations_recessions" title="Special:EditPage/Template:United States – Commonwealth of Nations recessions"><abbr title="Edit this template">e</abbr></a></li></ul></div><div id="Economic_expansions_and_recessions_in_the_United_States_and_Commonwealth_of_Nations_countries" style="font-size:114%;margin:0 4em"><a href="/wiki/List_of_economic_expansions_in_the_United_States" title="List of economic expansions in the United States">Economic expansions</a> and <a href="/wiki/List_of_recessions_in_the_United_States" title="List of recessions in the United States">recessions in the United States</a> and <a href="/wiki/Member_states_of_the_Commonwealth_of_Nations" title="Member states of the Commonwealth of Nations">Commonwealth of Nations countries</a></div></th></tr><tr><td class="navbox-abovebelow" colspan="2"><div> <ul><li><a href="/wiki/Aggregate_demand" title="Aggregate demand">Aggregate demand</a>/<a href="/wiki/Aggregate_supply" title="Aggregate supply">Supply</a> <ul><li><a href="/wiki/Effective_demand" title="Effective demand">Effective demand</a></li> <li><a href="/wiki/General_glut" title="General glut">General glut</a></li> <li><a href="/wiki/AD%E2%80%93AS_model" title="AD–AS model">Model</a></li> <li><a href="/wiki/Overproduction" title="Overproduction">Overproduction</a></li> <li><a href="/wiki/Paradox_of_thrift" title="Paradox of thrift">Paradox of thrift</a></li> <li><a href="/wiki/Nominal_rigidity" title="Nominal rigidity">Price-and-wage stickiness</a></li> <li><a href="/wiki/Underconsumption" title="Underconsumption">Underconsumption</a></li></ul></li> <li><a href="/wiki/Business_cycle" title="Business cycle">Business cycle</a></li> <li><a href="/wiki/Deflation" title="Deflation">Deflation</a>/<a href="/wiki/Inflation" title="Inflation">Inflation</a> <ul><li><a href="/wiki/Chronic_inflation" title="Chronic inflation">Chronic</a></li> <li><a href="/wiki/Classical_dichotomy" title="Classical dichotomy">Classical dichotomy</a></li> <li><a href="/wiki/Disinflation" title="Disinflation">Disinflation</a></li> <li><a href="/wiki/Money_supply" title="Money supply">Money supply</a>/<a href="/wiki/Demand_for_money" title="Demand for money">demand</a></li> <li><a href="/wiki/Neutrality_of_money" title="Neutrality of money">Neutrality of money</a></li> <li><a href="/wiki/Price_level" title="Price level">Price level</a></li> <li><a href="/wiki/Real_versus_nominal_value_(economics)" class="mw-redirect" title="Real versus nominal value (economics)">Real and nominal values</a></li> <li><a href="/wiki/Velocity_of_money" title="Velocity of money">Velocity of money</a></li></ul></li> <li><a href="/wiki/Economic_expansion" title="Economic expansion">Economic expansion</a> <ul><li><a href="/wiki/Economic_recovery" title="Economic recovery">Recovery</a></li> <li><a href="/wiki/Economic_stagnation" title="Economic stagnation">Stagnation</a></li> <li><a href="/wiki/List_of_economic_expansions_in_the_United_States" title="List of economic expansions in the United States">U.S. expansions</a></li></ul></li> <li><a href="/wiki/Interest_rate" title="Interest rate">Interest rate</a> <ul><li><a href="/wiki/Nominal_interest_rate" title="Nominal interest rate">Nominal interest rate</a></li> <li><a href="/wiki/Real_interest_rate" title="Real interest rate">Real interest rate</a></li> <li><a href="/wiki/Yield_curve" title="Yield curve">Yield curve</a>/<a href="/wiki/Inverted_yield_curve" title="Inverted yield curve">Inverted</a></li></ul></li> <li><a href="/wiki/Recession" title="Recession">Recession</a> <ul><li><a href="/wiki/Balance_sheet_recession" title="Balance sheet recession">Balance sheet</a></li> <li><a href="/wiki/Economic_depression" title="Economic depression">Depression</a></li> <li><a href="/wiki/Global_recession" title="Global recession">Global</a></li> <li><a href="/wiki/Rolling_recession" title="Rolling recession">Rolling</a></li> <li><a href="/wiki/Recession_shapes" title="Recession shapes">Shapes</a></li> <li><a href="/wiki/Stagflation" title="Stagflation">Stagflation</a></li> <li><a href="/wiki/List_of_recessions_in_the_United_Kingdom" title="List of recessions in the United Kingdom">U.K. recessions</a></li> <li><a href="/wiki/List_of_recessions_in_the_United_States" title="List of recessions in the United States">U.S. recessions</a></li></ul></li> <li><a href="/wiki/Shock_(economics)" title="Shock (economics)">Shock</a> <ul><li><a href="/wiki/Demand_shock" title="Demand shock">Demand</a></li> <li><a href="/wiki/Supply_shock" title="Supply shock">Supply</a></li></ul></li> <li><a href="/wiki/Unemployment" title="Unemployment">Unemployment</a> <ul><li><a href="/wiki/Sahm_rule" title="Sahm rule">Sahm rule</a></li></ul></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Commercial_revolution" title="Commercial revolution">Commercial revolution</a><br />(1000–1760)</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Great_Slump_(15th_century)" title="Great Slump (15th century)">Great Slump</a> (1430–1490)</li> <li><a href="/wiki/War_of_the_Spanish_Succession" title="War of the Spanish Succession">Slump of 1706</a></li> <li><a href="/wiki/Great_Frost_of_1709" title="Great Frost of 1709">Great Frost of 1709</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Industrial_Revolution" title="Industrial Revolution">1st Industrial Revolution</a><br />(1760–1840)</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/British_credit_crisis_of_1772%E2%80%931773" title="British credit crisis of 1772–1773">British credit crisis of 1772–1773</a> <ul><li>1772–1774; <a href="/wiki/British_credit_crisis_of_1772%E2%80%931773#Effects_in_London" title="British credit crisis of 1772–1773">England</a></li> <li><a href="/wiki/British_credit_crisis_of_1772%E2%80%931773#Scotland" title="British credit crisis of 1772–1773">Scotland</a></li> <li><a href="/wiki/British_credit_crisis_of_1772%E2%80%931773" title="British credit crisis of 1772–1773">American Colonies</a></li></ul></li> <li>1785–1788</li> <li><a href="/wiki/Copper_Panic_of_1789" title="Copper Panic of 1789">Copper Panic of 1789</a>/<a href="/wiki/Panic_of_1792" title="Panic of 1792">Panic of 1792</a> (1789–1793)</li> <li><a href="/wiki/Panic_of_1796%E2%80%931797" title="Panic of 1796–1797">Panic of 1796–1797</a> (1796–1799)</li> <li>1802–1804</li> <li>1807–1810</li> <li>1812</li> <li><a href="/wiki/Post-Napoleonic_Depression" title="Post-Napoleonic Depression">Post-Napoleonic Depression</a> (1815–1821)</li> <li>1822–23</li> <li><a href="/wiki/Panic_of_1825" title="Panic of 1825">Panic of 1825</a> (1825–1826)</li> <li>1828–29</li> <li>1833–34</li> <li><a href="/wiki/Panic_of_1837" title="Panic of 1837">Panic of 1837</a> (1836–1838 and 1839–1843)</li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Victorian_era" title="Victorian era">Early Victorian Britain</a>/<br /><a href="/wiki/History_of_the_United_States_(1849%E2%80%931865)" title="History of the United States (1849–1865)">Civil War-era United States</a><br />(1840–1870)</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li>1845–46</li> <li><a href="/wiki/Panic_of_1847" title="Panic of 1847">Panic of 1847</a> (1847–1848)</li> <li>1853–54</li> <li><a href="/wiki/Panic_of_1857" title="Panic of 1857">Panic of 1857</a> (1857–1858)</li> <li>1860–61</li> <li><a href="/wiki/Panic_of_1866" title="Panic of 1866">Panic of 1866</a> (1865–1867)</li> <li><a href="/wiki/Black_Friday_(1869)" title="Black Friday (1869)">Black Friday</a> (1869–1870)</li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Gilded_Age" title="Gilded Age">Gilded Age</a>/<br /><a href="/wiki/Second_Industrial_Revolution" title="Second Industrial Revolution">2nd Industrial Revolution</a><br />(1870–1914)</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Long_Depression" title="Long Depression">Long Depression</a>/<a href="/wiki/The_Great_Deflation" title="The Great Deflation">Great Deflation</a> <ul><li>1873–1879; <a href="/wiki/Long_Depression#United_Kingdom" title="Long Depression">United Kingdom</a></li> <li><a href="/wiki/Long_Depression#United_States" title="Long Depression">United States</a></li></ul></li> <li><a href="/wiki/Depression_of_1882%E2%80%931885" title="Depression of 1882–1885">Depression of 1882–1885</a></li> <li>1887–88</li> <li><a href="/wiki/Baring_crisis" title="Baring crisis">Baring crisis</a> (1890–1891)</li> <li><a href="/wiki/Panic_of_1893" title="Panic of 1893">Panic of 1893</a> (1893–1897)</li> <li>1899–1900</li> <li><a href="/wiki/Panic_of_1901" title="Panic of 1901">Panic of 1901</a> (1902–1904)</li> <li><a href="/wiki/Panic_of_1907" title="Panic of 1907">Panic of 1907</a> (1907–1908)</li> <li><a href="/wiki/Panic_of_1910%E2%80%9311" title="Panic of 1910–11">Panic of 1910–11</a> (1910–1912)</li> <li><a href="/wiki/Financial_crisis_of_1914" title="Financial crisis of 1914">Financial crisis of 1914</a> (1913–14)</li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Interwar_period" title="Interwar period">Interwar period</a><br />(1918–1939)</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Post%E2%80%93World_War_I_recession" title="Post–World War I recession">Post–World War I recession</a> (1918–1919)</li> <li><a href="/wiki/Depression_of_1920%E2%80%931921" title="Depression of 1920–1921">Depression of 1920–1921</a></li> <li><a href="/wiki/Roaring_Twenties" title="Roaring Twenties">Roaring Twenties</a></li> <li>1923–1924</li> <li>1926–1927</li> <li><a href="/wiki/Great_Depression" title="Great Depression">Great Depression</a> <ul><li>1929–1939; <a href="/wiki/Great_Depression_in_Australia" title="Great Depression in Australia">Australia</a></li> <li><a href="/wiki/Great_Depression_in_Canada" title="Great Depression in Canada">Canada</a></li> <li><a href="/wiki/Great_Depression_in_India" title="Great Depression in India">India</a></li> <li><a href="/wiki/History_of_New_Zealand" title="History of New Zealand">New Zealand</a></li> <li><a href="/wiki/Great_Depression_in_South_Africa" title="Great Depression in South Africa">South Africa</a></li> <li><a href="/wiki/Great_Depression_in_the_United_Kingdom" title="Great Depression in the United Kingdom">United Kingdom</a></li> <li><a href="/wiki/Great_Depression_in_the_United_States" title="Great Depression in the United States">United States</a></li></ul></li> <li><a href="/wiki/Recession_of_1937%E2%80%931938" title="Recession of 1937–1938">Recession of 1937–1938</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a class="mw-selflink selflink">Post–WWII expansion</a><br />(1945–1973)</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li>1945</li> <li><a href="/wiki/Recession_of_1949" title="Recession of 1949">Recession of 1949</a> (1948–1949)</li> <li><a href="/wiki/Recession_of_1953" title="Recession of 1953">Recession of 1953</a> (1953–1954)</li> <li><a href="/wiki/Recession_of_1958" title="Recession of 1958">Recession of 1958</a> (1957–1958)</li> <li><a href="/wiki/Recession_of_1960%E2%80%931961" title="Recession of 1960–1961">Recession of 1960–1961</a></li> <li><a href="/wiki/Recession_of_1969%E2%80%931970" title="Recession of 1969–1970">Recession of 1969–1970</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Stagflation" title="Stagflation">Great Inflation</a><br />(1973–1982)</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/1973%E2%80%931975_recession" title="1973–1975 recession">1973–1975 recession</a> <ul><li><a href="/wiki/1973%E2%80%931975_recession#United_Kingdom" title="1973–1975 recession">United Kingdom</a></li> <li><a href="/wiki/1973%E2%80%931975_recession#United_States" title="1973–1975 recession">United States</a></li></ul></li> <li><a href="/wiki/Early_1980s_recession" title="Early 1980s recession">Early 1980s recession</a> <ul><li>1980–1982; <a href="/wiki/Early_1980s_recession#Canada" title="Early 1980s recession">Canada</a></li> <li><a href="/wiki/Early_1980s_recession#United_Kingdom" title="Early 1980s recession">United Kingdom</a></li> <li><a href="/wiki/Early_1980s_recession_in_the_United_States" title="Early 1980s recession in the United States">United States</a></li></ul></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Great_Moderation" title="Great Moderation">Great Moderation</a>/<br /><a href="/wiki/Great_Regression" class="mw-redirect" title="Great Regression">Great Regression</a><br />(1982–2007)</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/1990s_United_States_boom" title="1990s United States boom">1990s United States boom</a></li> <li><a href="/wiki/Early_1990s_recession" title="Early 1990s recession">Early 1990s recession</a> <ul><li>1990–1991; <a href="/wiki/Early_1990s_recession_in_Australia" title="Early 1990s recession in Australia">Australia</a></li> <li><a href="/wiki/Early_1990s_recession#Canada" title="Early 1990s recession">Canada</a></li> <li><a href="/wiki/Early_1990s_recession#United_Kingdom" title="Early 1990s recession">United Kingdom</a></li> <li><a href="/wiki/Early_1990s_recession_in_the_United_States" title="Early 1990s recession in the United States">United States</a></li></ul></li> <li><a href="/wiki/1997_Asian_financial_crisis" title="1997 Asian financial crisis">1997 Asian financial crisis</a></li> <li><a href="/wiki/Early_2000s_recession" title="Early 2000s recession">Early 2000s recession</a> (2001)</li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Information_Age" title="Information Age">Information Age</a><br />(2007–present)</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Great_Recession" title="Great Recession">Great Recession</a> <ul><li>2007–2009; <a href="/wiki/Great_Recession_in_Oceania#Australia" title="Great Recession in Oceania">Australia</a></li> <li><a href="/wiki/Great_Recession_in_Asia#Bangladesh" title="Great Recession in Asia">Bangladesh</a></li> <li><a href="/wiki/Great_Recession_in_the_Americas#Canada" title="Great Recession in the Americas">Canada</a></li> <li><a href="/wiki/Great_Recession_in_Asia#India" title="Great Recession in Asia">India</a></li> <li><a href="/wiki/Great_Recession_in_Asia#Malysia" title="Great Recession in Asia">Malaysia</a></li> <li><a href="/wiki/Great_Recession_in_Oceania#New_Zealand" title="Great Recession in Oceania">New Zealand</a></li> <li><a href="/wiki/Great_Recession_in_Asia#Pakistan" title="Great Recession in Asia">Pakistan</a></li> <li><a href="/wiki/Great_Recession_in_Africa" title="Great Recession in Africa">South Africa</a></li> <li><a href="/wiki/Great_Recession_in_Asia#Sri_Lanka" title="Great Recession in Asia">Sri Lanka</a></li> <li><a href="/wiki/Great_Recession_in_Europe#United_Kingdom" title="Great Recession in Europe">United Kingdom</a></li> <li><a href="/wiki/Great_Recession_in_the_United_States" title="Great Recession in the United States">United States</a></li></ul></li> <li><a href="/wiki/COVID-19_recession" title="COVID-19 recession">COVID-19 recession</a> <ul><li>2020–2022; <a href="/wiki/COVID-19_recession#Australia" title="COVID-19 recession">Australia</a></li> <li><a href="/wiki/COVID-19_recession#Bangladsh" title="COVID-19 recession">Bangladesh</a></li> <li><a href="/wiki/COVID-19_recession#Belize" title="COVID-19 recession">Belize</a></li> <li><a href="/wiki/COVID-19_recession#Botswana" title="COVID-19 recession">Botswana</a></li> <li><a href="/wiki/Economic_impact_of_the_COVID-19_pandemic_in_Canada" title="Economic impact of the COVID-19 pandemic in Canada">Canada</a></li> <li><a href="/wiki/Economic_impact_of_the_COVID-19_pandemic_in_India" title="Economic impact of the COVID-19 pandemic in India">India</a></li> <li><a href="/wiki/Economic_impact_of_the_COVID-19_pandemic_in_Malaysia" title="Economic impact of the COVID-19 pandemic in Malaysia">Malaysia</a></li> <li><a href="/wiki/COVID-19_recession#Namibia" title="COVID-19 recession">Namibia</a></li> <li><a href="/wiki/Economic_impact_of_the_COVID-19_pandemic_in_New_Zealand" title="Economic impact of the COVID-19 pandemic in New Zealand">New Zealand</a></li> <li><a href="/wiki/COVID-19_pandemic_in_Singapore#Economic_impact" title="COVID-19 pandemic in Singapore">Singapore</a></li> <li><a href="/wiki/Economic_impact_of_the_COVID-19_pandemic_in_the_United_Kingdom" title="Economic impact of the COVID-19 pandemic in the United Kingdom">United Kingdom</a></li> <li><a href="/wiki/Economic_impact_of_the_COVID-19_pandemic_in_the_United_States" title="Economic impact of the COVID-19 pandemic in the United 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