The Italian economic miracle or Italian economic boom (Italian: il boom economico) is the term used by historians, economists, and the mass media to designate the prolonged period of strong economic growth in Italy after the Second World War to the late 1960s, and in particular the years from 1958 to 1963. This phase of Italian history represented not only a cornerstone in the economic and social development of the country—which was transformed from a poor, mainly rural, nation into a global industrial power—but also a period of momentous change in Italian society and culture. As summed up by one historian, by the end of the 1970s, "social security coverage had been made comprehensive and relatively generous. The material standard of living had vastly improved for the great majority of the population."