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“The U.S. embarked on one of the greatest periods of economic expansion in its history.” America did indeed embark on one of the greatest periods of expansion in the postwar years. People had money, consumers were spending that money, and corporations were profiting from that. New types of companies got started and were succeeding, and older businesses folded because of this. New industries were created which opened many possibilities for the near future. Current workers were getting promoted into white-collar jobs in all sorts of industries, and new jobs were created because of new technology. The postwar era was the beginning of the technology boom, which would transform the world within 50 years. The move away from the cities still continued, and the baby boom was still occurring. All of this made the postwar years some of the best economic years in American history. During World War II people were earning wages, but not spending much of them. This was mostly because of the small supply of consumer goods, if they were even produced during the war. This meant that the average American consumer had several years of wages saved by the end of the war. Some unfortunate families also had money from the government and insurance