How did the end of the Cold War contribute to the Clinton-era economic boom?

Question

How did the end of the Cold War contribute to the Clinton-era economic boom?

(1 point)
Responses

People were no longer afraid and were willing to spend more money on luxury goods.
People were no longer afraid and were willing to spend more money on luxury goods.

Americans welcomed people from the former Soviet Union into the U.S. job market.
Americans welcomed people from the former Soviet Union into the U.S. job market.

Costly military resources did not need to be maintained at the same level.
Costly military resources did not need to be maintained at the same level.

Expensive presidential visits to the Soviet Union were no longer necessary.
Expensive presidential visits to the Soviet Union were no longer necessary.

Answer 1

The end of the Cold War contributed to the Clinton-era economic boom by decreasing the need for costly military resources to be maintained at the same level. This allowed for funds to be redirected towards other areas of the economy, spurring growth and prosperity. Additionally, the decrease in tensions between the U.S. and the former Soviet Union opened up new job opportunities for people from the former Soviet Union in the U.S. job market, further contributing to economic growth.