<P> The post--World War II economic expansion, also known as the postwar economic boom, the long boom, and the Golden Age of Capitalism, was a period of strong economic growth beginning after World War II and ending with the 1973--75 recession . The United States, Soviet Union, Western European and East Asian countries in particular experienced unusually high and sustained growth, together with full employment . Contrary to early predictions, this high growth also included many countries that had been devastated by the war, such as Japan (Japanese post-war economic miracle), West Germany and Austria (Wirtschaftswunder), France (Trente Glorieuses), Italy (Italian economic miracle), Greece (Greek economic miracle), Taiwan (Taiwan Miracle) and South Korea (Miracle of the Han River). </P> <P> In academic literature, the period is frequently referred to as the post--World War II economic boom, though this term can refer to much shorter booms in particular markets . It is also known as the Long Boom, though this term is generic and can refer to other periods . The golden age of Capitalism is a common name for this period in both academic and economics books . </P>

What was the us economy like after ww2
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