Post War Economy America After WWII.

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Presentation transcript:

Post War Economy America After WWII

I. The Economic Boom 1. WWII = No goods available a. Products used for war b. People save $ 2. Post WWII b. People spend their $ -increase in consumer goods -production increases -jobs increase -improved technology -television -real estate boom -birth of suburbs

II. Government Action 1. G.I. Bill a. loans / education for veterans 2. U.S. spending on National Defense a. bulk up military -men -technological research -weapons

III. “Fair Deal” 1. Increased spending = Inflation a. Cost of living increases b. Workers want better wages -keep up with inflation c. Workers “Strike” -”Strike-breakers” -violence

2. Taft-Hartly Act a. Federal Mediators -settle labor disputes peacefully b. “Right to Work Laws” -outlawed “Closed Shop” -people could not be required to join a Union

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