With the end of World War II, the United States went from an important player in the global economy to become the global economy. While most of the industrial and financial centres in the world were in ruins, America’s economic output and wealth, with no damage to its infrastructure, war-time factories that ached to be utilised, and the return of a willing workforce, took off in a way that seems unfathomable today. The median household income rose a staggering 74% between 1946 and 1973, further fuelling its economic growth. During the 1990s with the Cold-War over, global demand and output…