Explain how baby boomer causes the economic growth during the late 1940s and early 1950s.
I think the economic growth was caused by the GI bill but I'm not sure.
3 answers
The baby boom was when the population grew. More people = more demand for goods = more goods sold = economic growth.
thank you @Helper
Many men and women of child-bearing age were separated from 1942 through 1945 during World War II. When the men came home, of course a lot of babies were born -- thus the baby boomers! More people = more customers. Also many consumer goods were not available during the war so -- there was a buying frenzy when goods became available. I still remember the Studebaker President my dad bought after the war.
The GI Bill helped -- but it wasn't a major cause of the Baby Boom.
The GI Bill helped -- but it wasn't a major cause of the Baby Boom.
1 answer