Asked by Marina Sesay on Jun 27, 2024

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Which of the following is considered a major contributor to the postwar economic boom?

A) The success of labor unions in gaining more control over corporate affairs
B) Government spending
C) The growth of service industries
D) Television production

Postwar Economic Boom

A period of rapid economic expansion and high growth in GDP and employment, typically occurring after the end of a major war, notably observed after World War II.

Government Spending

The total expenses incurred by the government, including expenditures on public services, infrastructure, defense, and welfare programs.

Labor Unions

Organizations that represent workers in negotiations with employers over wages, work conditions, and rights.

  • Identify major contributors to the postwar economic boom and their effects on society.
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ZK
Zybrea KnightJul 03, 2024
Final Answer :
B
Explanation :
Government spending, particularly on infrastructure, education, and healthcare, played a significant role in the postwar economic boom. This spending created jobs, stimulated consumption, and provided the foundation for long-term economic growth. Labor unions and service industries also contributed to this boom, but government spending was the major factor. Television production, while important, was not a major contributor to the postwar economic boom.