In the 1950s the onslaught of consumer credit, and the reconstruction of Europe by the United States began. Hundreds of billions of dollars were spent in rebuilding the war-torn countries in Europe and Asia.
The consumer credit boom generated trillions of dollars in new money. The post-World War II housing boom in the United States provided millions of houses on credit, and banking channels again expanded drastically. More supports were instituted by the government with more taxes being extracted to pay for welfare, Social Security, and government employment.