1960S Flashcards
America’s continued affluence (3)
- Gov statistics said poverty fell from 22% in 1960 to 12% in 1969
- GNP grew 39% under Kennedy and Johnson
-Unemployment was low
Turning point in US economy in the 1960s
Vietnam War- inflationary government overspending
Federal government deficit in 1965 v 1968
1965- $1.6 billion
1968- $25.3 billion
What caused unpopular tax hikes in 1967
- An anticipated $10 billion budget deficit
Anti-poverty legislation passed under Kennedy (2)
- Social Security Amendments Act 1961- expanded benefits for elderly/disabled
- Area Redevelopment Act 1961- created 38,500 jobs BUT most were in Democratic districts
JOHNSON’S WAR ON POVERTY
(see physical flashcards)
Problems with medicaid (3)
-Gaps in coverage , e.g glasses
-Medicare/Medicaid was more expensive than anticipated
-Problem of overly priced medical care for Americans remained
Johnson’s war on poverty SUCCESS (3)
- Minimum wage rose by 35 cents
- 19 million Americans benefited form Medicare/Medicaid
- 13 million children benefited from Johnson’s education legislation
What did travel continue to do (2)
-erode regional differences
-create a national culture
Air travel
Became cheaper, faster and safer BUT private cars still dominated
End of the 1960s consumerism (crazy)
6% of the world’s population consumed 2/3 of the world’s goods
Act in 1961 for Housing
1961 Housing Act extended funding, over $3 billion for urban renewal
What created the Office of Economic Opportunity
1964 Economic Opportunity Act
Act for Food Stamps
1964 Food Stamp Act
Act that funded schools that couldn’t provide lunches
1966 Child Nutrition Act