The lowered interest rates and increased income from employment enabled a large new group of Americans to purchase homes, creating more demand for construction materials, consumer durables, and financial services.
The trickle-down effects from the growth in these industries led to similar prosperity in almost all sectors of the economy. For example, the relatively cheap dollar exported economic growth globally and attracted visitors to the United States, which in turn spurred growth in the leisure, entertainment, hospitality, and retail industries.