![]() This expenditure and other military related spending such as housing loans through the GI Bill proved vital to the growing economy. ![]() Eisenhower’s Massive Retaliation policy required expenditure on new weapons technology which saw defence spending and research and development provide employment through private corporations. ![]() This importance and prestige resulted in the military becoming influential in the 1950s over the shape of the economy, the design of consumer products and even civilian society itself through the atomic bomb. In the Cold War environment that developed between the US and the Soviet Union the US military took on a role of increasing importance and gained prestige in society as a benevolent defender of freedom. ![]() The United States finished the Second World War as the wealthiest country in the world and as one of two superpowers. ![]()
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