Which economic trend occurred under President Eisenhower?

• A. A severe economic recession with high unemployment
• B. A period of sustained economic growth and low inflation
• C. Hyperinflation and rapid currency devaluation
• D. A major financial crisis leading to widespread bank failures

Answer: (B)

Verified step by step guidance

1. Step 1: Identify the time period of President Eisenhower's administration, which was from 1953 to 1961, to contextualize the economic conditions during his presidency.
2. Step 2: Review historical economic data and trends from the 1950s, focusing on key indicators such as GDP growth, unemployment rates, and inflation rates.
3. Step 3: Understand that the 1950s in the United States were characterized by post-World War II recovery, technological advancements, and increased consumer demand, which contributed to economic expansion.
4. Step 4: Recognize that during Eisenhower's presidency, the economy experienced sustained growth with relatively low inflation and unemployment, rather than severe recession, hyperinflation, or financial crises.
5. Step 5: Conclude that the correct economic trend under President Eisenhower was a period of sustained economic growth and low inflation.