New Directions in the Postwar Period (1945–1960)
The world order that began to emerge from the ruins of war was indeed new, but it also differed from what many had expected. Regarding economic matters especially, the postwar recovery happened more rapidly and painlessly than predicted, and within twenty-five years, the economies of the major developed countries had made achievements unthinkable in 1945. Latin America, on the other hand, encountered a number of major problems and frustrations that, though unsurprising in retrospect, had not been foreseen during the war years.
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