Question

How did the expansion of consumer goods transform the American economy?

Answer 1

American economy got fillip during the second world war. There was huge rise in earnings of Americans. it occurred due to rise in war time goods and services. Increase in income of American increased demand for consumer goods significantly. Middle class increased rapidly and lots of suburbs developed rapidly in surroundings.

It was an indication for private businesses to increase their productions and varieties of commodities. it is estimated that between 1946 to 1950, more than 20 million refrigerators were sold in America. Millions of cars were sold out in this period. it also increased import significantly. Thus, rise in demand for consumer goods completely transformed American Economy,