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by pcrh
4445 days ago
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After WWII, the US was pretty much the only functioning manufacturing nation for a decade. In addition, new markets opened up to US manufacturing due to the dropping of trade barriers with, and competition from, the markets of the British and French Empires as well as Japan. This advantage also lead to faster technological development in the US compared to other markets for a while. These advantages slowly eroded as other economies were rebuilt. They nevertheless lasted well into the 1970's. |
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After all, it's not just competitors that are gone, it's customers too.