<P> While this is the global period, specific countries experienced business expansions for different periods; in Taiwan, the Taiwan Miracle lasted into the late 1990s, for instance, while in France the period is referred to as Trente Glorieuses (30 glorious (years)) and is considered to extend for the 30 - year period from 1945 to 1975 . </P> <P> OECD members enjoyed real GDP growth averaging over 4% per year in the 1950s, and nearly 5% per year in the 1960s, compared with 3% in the 1970s and 2% in the 1980s . </P> <P> Skidelsky devotes ten pages of his 2009 book Keynes: The Return of the Master to a comparison of the golden age to what he calls the Washington Consensus period, which he dates as spanning 1980--2009 (1973--1980 being a transitional period): </P> <Table> <Tr> <Th> Metric </Th> <Th> Golden Age </Th> <Th> Washington Consensus </Th> </Tr> <Tr> <Td> Average global growth </Td> <Td> 4.8% </Td> <Td> 3.2% </Td> </Tr> <Tr> <Td> Unemployment (US) </Td> <Td> 4.8% </Td> <Td> 6.1% </Td> </Tr> <Tr> <Td> Unemployment (France) </Td> <Td> 1.2% </Td> <Td> 9.5% </Td> </Tr> <Tr> <Td> Unemployment (Germany) </Td> <Td> 3.1% </Td> <Td> 7.5% </Td> </Tr> <Tr> <Td> Unemployment (Great Britain) </Td> <Td> 1.6% </Td> <Td> 7.4% </Td> </Tr> </Table>

Describe the economic change the united states experienced following world war ii