What factors contributed to the economic boom in 1950’s

The Rise of Consumerism

One of the factors that fueled the prosperity of the '50s was the increase in consumer spending. Americans enjoyed a standard of living that no other country could approach. The adults of the '50s had grown up in general poverty during the Great Depression and then rationing during World War II.

Explanation:

protectionism fosters competition and keeps price regulated is not an argument in favor of protectionism.

answer; validity;