AMERICA AFTER THE SECOND WORLD WAR (POST-1945) Flashcards
What happened to the American economy after the Second World War (post-1945)?
It continued to grow.
What evidence is there that America’s economy continued to grow after the Second World War (post-1945)?
- America was producing nearly half the world’s goods.
2. During the 1950s, America’s Gross National Product (the total value of all goods and services produced) doubled.
How did the living standard of the average American compare to people in Britain after the Second World War?
In 1960, the living standard of the average American was three times that of the average British person.
Identify two reasons which explain why the US economy continued to grow after the Second World war.
- Military spending in the Cold War
2. The G.I. Bill
What was the G.I. Bill?
It was a law passed in 1944 which gave range of benefits to those who had fought during the Second World War.
What benefits did American veterans (ex-soldiers) receive as a result of the G.I. Bill?
- The G. I. Bill paid for education or training for veterans.
- The G.I. Bill offered veterans low-interest mortgages to buy a new home.
By 1956, how many veterans had used the G. I. Bill to go to college or university, or to receive training?
7.8 million
In total, how much did America spend during the years of the Cold War (1947-1989)?
$8 trillion
Which facilities benefited from the Cold War?
- Nuclear research facilities (because of the nuclear arms race)
- Space research facilities (because of the Space Race)
How were people’s lives affected by the continued growth of the American economy after the Second World War?
Many Americans (particularly the middle-class) enjoyed a very comfortable lifestyle.
What became a popular recreational activity in the 1950s and 1960s?
shopping
What encouraged Americans to buy consumer goods in the 1950s and 1960s?
- Hire purchase (which allowed people to buy goods on credit and to pay for goods in regular monthly and weekly instalments).
- Advertising in magazines, newspapers and on the television.
What did many Americans believe in after the Second World War?
Americans believed in the “American Dream” – the idea that anyone could achieve prosperity (wealth) and success through hard work.
Identify three appliances which became common in American homes.
Refrigerators, washing machines and televisions
What proportion (%) of American people owned a TV by 1958 in comparison to a decade earlier in 1948?
1948: 0.4% of households owned a TV 1958: 83.2% of households owned a TV.