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Korean War
In 1950, the beggining of the Korean War, the
first phase was a period of adjustment from an economy in wartime mobilization to peacetime normality. -
Period: to
Inflation rates
Inflation rates were very low in the early 1960s, but in 1965 inflationbegan to accelerate. -
Period: to
Buisness expansion.
In the 1960's there was the biggest business expansion in history. -
Period: to
worldwide boom.
Between 1966 and 1979 the economy was characterized
by a severe upward spiraling of inflation, with wide fluctuations
in economic activity. In part these resulted from a series of demand,
supply, and policy shocks and a worldwide boom.