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ARE SCHOLARS JUSTIFIED IN USING THE TERM ‘GOLDEN AGE’ TO DESCRIBE THE ECONOMIC HISTORY OF WESTERN EUROPE DURING THE PERIOD BETWEEN 1950 TO 1973?
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ARE SCHOLARS JUSTIFIED IN USING THE TERM 'GOLDEN AGE' TO DESCRIBE THE ECONOMIC HISTORY OF WESTERN EUROPE DURING THE PERIOD BETWEEN 1950 TO 1973? The aim of this essay is to analyze whether the term 'Golden Age' referring to the European growth during the years from 1950 to 1973 was justified as a term to describe Western Europe's economic history. In order to come to a complete understanding on why the years between 1950 and 1973 were characterized as being the Golden Age and to define whether the term was justified, it will be necessary to first examine the history of Western Europe at the time as well as the economical factors that ruled and took place. During the years 1950 and 1973, there was a significant rapid change and development in Europe's economical growth. This success was a result of many factors and contributed to the welfare and wider...
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