Korea in the 1990s
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Description
In American history the 1950s are remembered as an affluent and harmonious decade. Not so in Austria. That nation emerged out of World War II with tremendous war-related destruction and with a four-power occupation that would last for ten years until 1955. Massive American economic aid enabled the Austrian economy to start recovering in the 1950s and reorient it from East to West. Unlike the United States, however, general affluence did not set in until the 1960s and 1970s even though Austria's