Fabulous?

It seemed like America was doing okay at this point. Industries were booming and the national GDP and birth rate increased at an unprecedented rate compared to even today's rates. However, I wonder how much of this was similar to a bubble. At this point, there was a massive shift to Suburbia but that also increased the need for cars. Same for the introduction of inefficient passenger jets. And keep in mind that all of this was possible because of the coup America staged in Iran (which was politically unstable and was doomed to fail). Similarly, we see an emergence of a new spending habit with people willing to go into debt to buy products they wanted (i.e. the credit card) and I wonder if this aided in the growing (perhaps dangerously growing) confidence of the American people. America's prosperity at this point was also heavily reliant on military expenditures and its very unique position after the war, so it seems like something bad might happen, as seen also by the title of our next reading, "The Not so Fabulous Fifties?"