Reasons for rapid economic growth in Western countries in 1950-1973

The economic growth of Western countries in 1950-1970 was driven by the introduction of a “public welfare” policy. Countries strove to fight monopolies and restore competition. This idea was proposed by politicians after the crisis called the Great Depression. The measures of these states were aimed at creating a society of stable consumers. For a long time, this direction was considered a winning one. The population received high benefits and flourished. But after that a new crisis emerged.