There were few recessions in the postwar united states because foreign trade was booming as a result of trade liberalization.
A recession is a negative trend in the business cycle marked by a drop in production and employment, which produces a drop in household incomes and expenditure, as well as sales.
During the decades following WWII, trade barriers constructed during the interwar period were gradually dismantled through a series of political agreements that resulted in trade liberalization.
The trade liberalization made the United States export more goods to other countries and therefore led to a boom in its foreign trade in the postwar.
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