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CHAPTER 23 POST WAR ECONOMY. 23-1 / Peace time economy - flourished after WWII / GI Bill - provided loans to vets for businesses, homes and college /

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Presentation on theme: "CHAPTER 23 POST WAR ECONOMY. 23-1 / Peace time economy - flourished after WWII / GI Bill - provided loans to vets for businesses, homes and college /"— Presentation transcript:

1 CHAPTER 23 POST WAR ECONOMY

2 23-1 / Peace time economy - flourished after WWII / GI Bill - provided loans to vets for businesses, homes and college / Demand for goods = higher prices= labor unrest (workers want to benefit from the higher prices of goods) / Ex - Coal miners strike Truman orders them back to work / Taft - Hartley Act - outlawed closed shops- practice of forcing owners to hire only union members / Owners could pass right to work laws - allowed them to hire outside union / Prohibited feather - bedding - limiting worker output to create new jobs / Peace time economy - flourished after WWII / GI Bill - provided loans to vets for businesses, homes and college / Demand for goods = higher prices= labor unrest (workers want to benefit from the higher prices of goods) / Ex - Coal miners strike Truman orders them back to work / Taft - Hartley Act - outlawed closed shops- practice of forcing owners to hire only union members / Owners could pass right to work laws - allowed them to hire outside union / Prohibited feather - bedding - limiting worker output to create new jobs

3 Truman / Harry S. Truman - democrat ( ) / Increased Gov. spending in business / Increased Federal spending / Passed Fair Deal legislation (min. wage, GI Bill) - Trumans domestic policy / Truman attacked congress, calling it a Do Nothing Congress / Harry S. Truman - democrat ( ) / Increased Gov. spending in business / Increased Federal spending / Passed Fair Deal legislation (min. wage, GI Bill) - Trumans domestic policy / Truman attacked congress, calling it a Do Nothing Congress

4 Dwight D. Eisenhower ( ) / 1952 Election Eisenhower (rep.) vs. Stevenson (dem.) / Eisenhower wins - Richard Nixon is Vice President / Wanted to limit Gov. involvement in business / Limit all Gov. spending / Republicans are more conservative (spend less money) / He ended price controls, vetoed school construction bills, slashed aid to housing, ended RFC / Eisenhower did have an active side though; passed fed. Highway act, Gt. Lakes sea way, extended social security / THIS POLICY IS DYNAMIC CONSERVATISM - save but spend on some / 1952 Election Eisenhower (rep.) vs. Stevenson (dem.) / Eisenhower wins - Richard Nixon is Vice President / Wanted to limit Gov. involvement in business / Limit all Gov. spending / Republicans are more conservative (spend less money) / He ended price controls, vetoed school construction bills, slashed aid to housing, ended RFC / Eisenhower did have an active side though; passed fed. Highway act, Gt. Lakes sea way, extended social security / THIS POLICY IS DYNAMIC CONSERVATISM - save but spend on some

5 Chapter 23 - sect. 2 / John Kenneth Galbraith / -economist economy of abundance - stated the U.S. post - war economy was prospering because of new business techniques and improved technology / Average family income tripled / owning a home went from 41% to 61% / Increase in white - collar jobs such as sales and management / By 1956 white collar outnumbered blue-collar workers - physical labor / John Kenneth Galbraith / -economist economy of abundance - stated the U.S. post - war economy was prospering because of new business techniques and improved technology / Average family income tripled / owning a home went from 41% to 61% / Increase in white - collar jobs such as sales and management / By 1956 white collar outnumbered blue-collar workers - physical labor

6 Sect. 2 cont. / 1950s - companies began to change / Multinational corporations - jobs were being moved overseas / Franchise - several stores in one chain / David Riesman - sociologist argued that workers were forced to conform to the group and were becoming other directed instead of inner directed. / William H. Whyte wrote The Organization Man - business wanted to keep people the same, no stand out personality / 1950s - companies began to change / Multinational corporations - jobs were being moved overseas / Franchise - several stores in one chain / David Riesman - sociologist argued that workers were forced to conform to the group and were becoming other directed instead of inner directed. / William H. Whyte wrote The Organization Man - business wanted to keep people the same, no stand out personality

7 Sect. 2 cont. / 1950s saw a growth of suburbs - urban areas outside the inner city / Levittown, New York - One of the first suburbs / By % of new homes were in the burbs / baby boom (65 million children born in the U.S.) / 1950s saw a growth of suburbs - urban areas outside the inner city / Levittown, New York - One of the first suburbs / By % of new homes were in the burbs / baby boom (65 million children born in the U.S.)

8 Technology breakthroughs / Transistor was invented - making it possible for small radios and calculators / ENIAC one of the nations earliest computers (military) / UNIVAC - later model that would handle business data and launch the computer revolution / Transistor was invented - making it possible for small radios and calculators / ENIAC one of the nations earliest computers (military) / UNIVAC - later model that would handle business data and launch the computer revolution

9 Medical Miracles / 1950s - antibiotics, new products to combat arthritis, diabetes, cancer, and heart disease / 1940s and 1950s polio epedemic / Jonas Salk - invented a polio vaccine vaccine was declared safe / 1950s - antibiotics, new products to combat arthritis, diabetes, cancer, and heart disease / 1940s and 1950s polio epedemic / Jonas Salk - invented a polio vaccine vaccine was declared safe

10 Chapter 23 - section 3 / Pop culture of the 1950s / TV tv sets by million / Bob Hope, Jack Benny, The Lone Ranger, Gunsmoke / Variety shows were a big hit - Ed Sullivan Toast of the Town / Quiz Shows were popular - until Charles Van Doren had the answers to the questions / Pop culture of the 1950s / TV tv sets by million / Bob Hope, Jack Benny, The Lone Ranger, Gunsmoke / Variety shows were a big hit - Ed Sullivan Toast of the Town / Quiz Shows were popular - until Charles Van Doren had the answers to the questions

11 Sect. 3 cont. / TV hurt the movie industry until Cinemascope - movies shown on large panoramic screens lured people back / Movies were expensive to make but earned that back in profit, The Ten Commandments / TV hurt the movie industry until Cinemascope - movies shown on large panoramic screens lured people back / Movies were expensive to make but earned that back in profit, The Ten Commandments

12 Sect. 3 cont. / The New Youth Culture / Rock and Roll - early 1950s based on African American rhythm and blues / Alan Freed - Ohio radio DJ started playing black music / Elvis Presley - rock and roll criticized for / being white and playing black music / The New Youth Culture / Rock and Roll - early 1950s based on African American rhythm and blues / Alan Freed - Ohio radio DJ started playing black music / Elvis Presley - rock and roll criticized for / being white and playing black music

13 Artists of the 50s / African American - Chuck Berry, Ray Charles, Little Richard, Drifters / African American women - Crystals, Chiffons, Shirelles / African American - Chuck Berry, Ray Charles, Little Richard, Drifters / African American women - Crystals, Chiffons, Shirelles

14 Section 4 - the other side of American life / Even though the middle class was expanding, 1 in 5 still lived below the poverty line / Poverty line - figure set by Gov. to reflect the minimum income required to support a family / Michael Harringtone - wrote The Other America - exposed poverty that exists in America / Even though the middle class was expanding, 1 in 5 still lived below the poverty line / Poverty line - figure set by Gov. to reflect the minimum income required to support a family / Michael Harringtone - wrote The Other America - exposed poverty that exists in America

15 Sect. 4 cont. / Urban renewal - Gov. attempt to help the poor by tearing down slums in the inner city / Not successful because it eliminated affordable housing / Minorities are the largest group of poor / Bracero program - Hispanics filling labor intensive jobs in the United States / Native Americans were the poorest group / Termination Policy - Gov. began withdrawing legal recognition of N.A. and made them subject to all laws / Urban renewal - Gov. attempt to help the poor by tearing down slums in the inner city / Not successful because it eliminated affordable housing / Minorities are the largest group of poor / Bracero program - Hispanics filling labor intensive jobs in the United States / Native Americans were the poorest group / Termination Policy - Gov. began withdrawing legal recognition of N.A. and made them subject to all laws

16 Sect. 4 cont. / Juvenile Delinquency - anti-social or criminal behavior of young people / U.S. saw a 45% increase in delinquency / Reasons: poverty, lack of religion,tv, divorce. / Other experts said it was a natural rebellion of young people to conformity / After Soviets launched sputnik I and II the Gov. began to concentrate on science and math education / Juvenile Delinquency - anti-social or criminal behavior of young people / U.S. saw a 45% increase in delinquency / Reasons: poverty, lack of religion,tv, divorce. / Other experts said it was a natural rebellion of young people to conformity / After Soviets launched sputnik I and II the Gov. began to concentrate on science and math education


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