The long economic boom from World War II to the 1970s was fueled primarily by low energy costs.
From 1950s to the 1970s, the American economy grew rapidly. Incomes rose, the middle class expanded, and Americans accounted for 40% of the planet's wealth.
The economic growth changed the face of politics and society. It paved the war for the success of the civil rights movement; it funded new welfare programs; and it gave Americans the confidence to exercise international leadership in the Cold War era.
Most new jobs created after WWII went to women, as the service sector of the economy dramatically outgrew the old industrial and manufacturing sectors.
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