How did the end of the Cold War contribute to the Clinton-era economic boom?

Question

• Expensive presidential visits to the Soviet Union were no longer necessary.
(1 point)

• People were no longer afraid and were willing to spend more money on luxury goods.

• Americans welcomed people from the former Soviet Union into the U.S. job market.

• Costly military resources did not need to be maintained at the same level.

Answer 1

The correct point that explains how the end of the Cold War contributed to the Clinton-era economic boom is:

• Costly military resources did not need to be maintained at the same level.

With the end of the Cold War, the United States was able to reduce its military spending and reallocate those resources towards domestic programs and economic growth initiatives, which contributed to the economic boom during the 1990s. The decrease in military expenditure allowed for increased investment in areas like technology and infrastructure, which were key drivers of the economic expansion during that period.