Trente Glorieuses

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Les Trente Glorieuses
1945–1975
Location	France
Key events	Suez Crisis
Chronology World War II

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Les Trente Glorieuses (French pronunciation: [le tʁɑ̃t ɡlɔʁjøz]; 'The Glorious Thirty') was a thirty-year period of economic growth in France between 1945 and 1975, following the end of the Second World War. The name was first used by the French demographer Jean Fourastié, who coined the term in 1979 with the publication of his book Les Trente Glorieuses, ou la révolution invisible de 1946 à 1975 ('The Glorious Thirty, or the Invisible Revolution from 1946 to 1975'). The term is derived from Les Trois Glorieuses ('The Glorious Three'), the three days of revolution on 27–29 July 1830 in France.^[1]

As early as 1944,

These decades of economic prosperity combined high productivity with high average wages and high consumption, and were also characterized by a highly developed system of social benefits.[2] According to various studies, the real purchasing power of the average French worker's salary went up by 170% between 1950 and 1975, while overall private consumption increased by 174% in the period 1950–74.^[3]

The French

If it is still the case that France lags in the number of its telephones, working-class housing has improved beyond recognition and the various 'gadgets' of the consumer society—from television to motor cars—are now purchased by the working class on an even more avid basis than in other Western European countries.[7]

In his book Capital in the Twenty-First Century, French economist Thomas Piketty describes the Trente Glorieuses as an exceptional 'catch up' period following the two world wars. He cites statistics showing that normal growth in wealthy countries is about 1.5–2%, whereas in Europe growth dropped to 0.5% between 1913 and 1950, and then 'caught up' with a growth rate of 4% between 1950 and 1970, until settling back to 1.5–2% from 1970 onward.^[8]

See also

• Economic history of France
• Japanese post-war economic miracle
• Miracolo economico
• Post–World War II economic expansion
• Record years
• Spanish miracle
• Wirtschaftswunder

References