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USH 16:1 Return to a Peacetime Economy Servicemen's Readjustment Act (“G.I. Bill”) – Provide funds to veterans: Establish businesses Buy homes Attend college.

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Presentation on theme: "USH 16:1 Return to a Peacetime Economy Servicemen's Readjustment Act (“G.I. Bill”) – Provide funds to veterans: Establish businesses Buy homes Attend college."— Presentation transcript:

1 USH 16:1 Return to a Peacetime Economy Servicemen's Readjustment Act (“G.I. Bill”) – Provide funds to veterans: Establish businesses Buy homes Attend college

2 16:1 Truman’s Legislative Agenda Expand social security benefits Raise minimum wage National health insurance act

3 16:1 Election of 1948 Truman v Republican Thomas Dewey Truman given little chance of winning Truman wins by narrow margin – Support from farmers, African-Americans, and laborers – Democrat Party also takes control of Congress

4 16:1 The Fair Deal Raised minimum wage to 75 cents/hour Increased social security benefits by 75% – Extended them to 10 million more people National Housing Act of 1949 – Construction of low-income housing

5 16:1 The Eisenhower Years “dynamic conservatism” – Economic conservatism with activism – Believed business growth was key – Cut many federal programs – Federal Highway Act (1956) Largest government works program in history $25 billion to construct a 40,000 mile highway system


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