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The Golden Age of Capitalism and Reasons for its End.
The "Golden Age" of capitalism covers approximately the period from the end of the Second World War in 1945 to the first oil crisis in 1973. This paper argues that the period coincided with, and to a great degree was defined by, American military, cultural and economic hegemony over much of the planet. The argument is well presented and developed throughout the paper. Various topics are discussed : s the theoretical framework of Keynesian economics, the institutions developed during the period such as the IMF and the World Bank, the Marshall Plan, the Consumer Price Index and inflation, OPEC and the oil embargo, and the development of the American "military industrial complex" in the advent of the Cold War. 10pgs. 20 f/c. 1b.
