The significant increase in consumer demand following World War II marked the beginning of the:

• A. postwar economic boom
• B. stagflation era
• C. mercantilist period
• D. Great Depression

Answer: (A)

Verified step by step guidance

1. Step 1: Understand the historical context of the problem, which focuses on the period following World War II and its impact on consumer demand and the economy.
2. Step 2: Recall that the postwar period saw a significant rise in consumer spending due to factors like increased income, pent-up demand, and government policies supporting economic growth.
3. Step 3: Recognize that this surge in consumer demand led to a sustained period of economic expansion, often referred to as the 'postwar economic boom.'
4. Step 4: Differentiate this period from other economic eras mentioned, such as the 'stagflation era' (1970s), the 'mercantilist period' (pre-19th century), and the 'Great Depression' (1930s), which have distinct characteristics and timelines.
5. Step 5: Conclude that the correct term describing the significant increase in consumer demand after World War II is the 'postwar economic boom.'