Question

What was america's standing in the world in 1949?

Answer 1

Explanation: The position of the United States in 1949 was that of being an implacable enemy of China, by the Treaty of Sinosoviético Friendship, reason why the position of the United States was of iron defense. It also became the richest and most powerful nation in the world in the last years, as its economy grew successfully and its inhabitants enjoyed stable jobs and very positive financial conditions due to the economic boom experienced after the war. This era represented consumption and mass spending by Americans.

Answer 2

The Recession of 1949 was a downturn in the United States lasting for 11 months. The recession began in November 1948 and lasted until October 1949. Many regard World War II to be the main cause of the recession. Maximum unemployment was about 7.9%. Change in Gross National Product GNP reduced by up to -1.5%. Department store sales fell 22%. The wholesale price and cost of living indexes fell 12 and 5 points.