Golden Age Of Capitalism

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During the Golden Age of Capitalism in America even the President enjoyed some leisure time. At the end of WWII the standards of living was up, unemployment was low and the American GNP more than doubled. The population boomed leading suburban living to become the norm. Jack Straus, the chairman of the board of Macy’s, declared “Our ability to consume is endless. The luxuries of today are the necessities of tomorrow.” This became the thinking of the time. Citizens lavished in the new life style of ease that a growing economy could now provide for the average, working, middle class person.

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