Document 17698362

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POST-WAR ECONOMY

Unlike post-WWI, economy after WWII continued to grow

• GI Bill

• Demand for goods led to higher prices and inflation

• Cost of living increased leading to labor strikes

LABOR UNREST

In response to labor strikes…

• Taft-Hartley Act

• Outlawed “closed shops”

• States passed “right-to-work laws”

• Prevented “featherbedding”

REPUBLICAN POLICIES

Dynamic Conservatism

• Targeted some New Deal programs that allowed for too much government control

• RFC, TVA

• Created the Federal Highway Act

• $25 billion for 40,000 miles of interstate

AMERICAN ABUNDANCE

Between 1940 and 1960, the average income tripled.

• Home ownership increased

• White-collar jobs (sales / management) outnumbered blue-collar jobs (physical labor / industry)

• Multinational corporations and franchises

THE NEW CONSUMERISM

Conformity of the 1950s led to people wanting to own what their neighbors had – “Keeping up with the Joneses”

• Luxury items: dishwasher, refrigerator, vacuum cleaner, coffee makers, automobiles

• Advertising became the fastest growing industry

THE GROWTH OF SUBURBIA

Levittown, New York

• Mass-produced affordable homes outside of the city

• $10,000 for a new home

• Led to mass-exodus from the cities = “White

Flight”

• “The American Dream”

THE 1950S FAMILY

The Baby Boom

• 1945-1961: 65 million children born

• A child born every 7 seconds

• Why did this happen?

Women in the Fifties

• Women left WWII jobs to assume their

“traditional roles”

• Women who worked did so to help their family, not for independence

ADVANCES IN ELECTRONICS

ENIAC – Electronic Numerical Integrator and

Computer – first computer

UNIVAC – Universal Automatic Computer

MEDICINE

Antibiotics for infections, drugs to fights arthritis, diabetes, cancer, and heart disease

No cure for polio

• 1952 – 58,000 new cases reported

• Jonas Salk developed a vaccine in 1955

• Tested it on himself and children first

SPACE

Soviet Union launched Sputnik in October 1957

• First space satellite

• Encouraged U.S. to catch up

• U.S. launched first satellite in January 1958

• American boys required to take more math and science

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