1. American History Chapter 25-2 Healing the Wounds of War

2. America: Post WWII Concerns after the war: – Would the economy drop again? – 12 million service people will need jobs. Roosevelt signed the GI Bill: – Provided $ for soldiers to attend college. – Provided loans for soldiers to buy homes/farms/businesses. – Provided help to find work. The economy prospered: – Demand for consumer goods rose dramatically. – House building increased. – Baby boom: Rising birthrate created a need for more products.

5. Postwar Labor Unions 1946 Number of labor strikes rose sharply. 1947 Taft-Hartley Act: Reduced the power of labor unions. – Gov’t. concerned that strikes would hurt the economy. – President had the power to stop strikes.

6. Postwar Politics Presidential election of 1948: – Dem. Harry Truman v. Rep. Thomas Dewey v. Progressive Henry Wallace v. Dixiecrat Strom Thurmond. – Surprisingly, Truman was elected. Truman’s plan for America was called the Fair Deal.

7. 1948 Election Results

8. Efforts Made to Improve the World World Bank: Provide loans & advice to countries in trying to reduce poverty. International Monetary Fund:(IMF) Encourage trade & prevent economic crises. United Nations:(UN) To settle disputes peacefully. General Agreement on Tariffs and Trade: (GATT) Agreement on rules for international trade & an effort to reduce tariffs.

9. We Must All Do Our Part To Make The World A Better Place