In the 1950s, American businesses such as the housing industry benefited most directly from the growing US population and their need to buy more and more goods and services to meet their needs and this increased consumption which led to greater economic prosperity.
The United States was the world's strongest military power in 1950's. Its economy was booming, and the fruits of this prosperity were new cars, suburban houses and other consumer goods which were available to more people than ever before.
Hence, the prosperity of the 1950s was fueled by an increase in consumer spending.
During the decade, small businesses started and grew, while major corporations were merging, thus becoming larger, more profitable, and more powerful. Companies big and small needed workers, both skilled and unskilled, to manage their assets, work their assembly lines, or sell their products to the public.
Hence, the answer was given and explained above.
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