economy was poised on the edge of an uncertain future. Would it be able to transition from a full-bore war economy to a fulsome and stable peacetime one? Many experts at the time had serious doubts. As it turned out, after a half-decade of rationing and war privation, Americans were ...
The Marshall Plan and the Truman Doctrine were really two sides of the same coin. The Marshall Plan focused attention on rebuilding Europe after the... Learn more about this topic: Europe After WW2 Economy & Conditions | Economic Reconstruction...
Stalin grew his power as general secretary of the Communist Party of the Soviet Union in the early 1920s after the Russian Revolution. He later became the unquestioned and de facto dictator of the Soviet Union and was shockingly ruthless when it came to killing his people. Yet it could be ...
Throughout history theclothingpeople wear often has had an effect on how we view them. People of power usually wore extravagant clothing and servants, serfs, and peasants wore less than pristine garb. During this time World War II, inflation, and the Holocaust had a huge effect on the clothi...
While the emotional roller coaster was greater with option 2, so was the income. 2. Volatile Capital Doesn’t Matter While it’s nice to see your principal rise every single year – it’s not important. You aren’t spending your capital (hopefully). The income is what’s important. Am...
Think back over the last 3 years and ask yourself what was the largest amount of money you needed to get your hands on fast. That’s probably the same amount you need to keep available for tight spots going forward. There is no way to know for sure how much you’ll need for an ...
In 1913, when the Daily Mail first offered a prize of £10,000 for the first non-stop transatlantic flight, success was unimaginable. However, after the incredible developments in aviation brought about by the First World War, the Daily Mail’s renewed offer in 1918 seemed like it might ...
What’s less well known is that the 4% rule was derived from a specific set of assumptions that applied largely to the US, and to retirements lasting 30 years or fewer. It shouldn’t be used blindly by UK investors. We’ve previously explained why. A 3% SWR is a far safer yet st...
African Americans had been struggling to obtain basic civil rights in the United States since the early 19th century. Progress was incremental until the Civil Rights movement of the 1950s and 1960s.Answer and Explanation: The United States has been involved in a number of wars throughout it...
After World War II, the US middle class thrived. Small businesses competed on a relatively level playing field similar to the mom-and-pop capitalism of the early pioneers. MMeanwhile, larger corporations engaged in “industrial capitalism,” in which the goal was to produce real goods ...