Chapter 26 Flashcards
1
Q
Demobalization
A
- sending home members of the army
- Helped decrease military spending by 2/3
2
Q
GI Bill of Rights
A
- eased the return of World War II veteransby providing education and employment aid
- Paid for college tuition if veteran got into a school
- Gave low interest loans to veterans to buy homes & start businesses
- Increased industry and public works
3
Q
Baby Boom
A
- 27% increase in population by 1955
- Increase in child births- More kids–> More support for growing economy
4
Q
Productivity
A
- the rate at which goods are produced or servicesperformed
- Increases after WWII
- Going from war-time economy to peacetime economy
- Making instruments of war to making commercial products
- Leads to many new innovations
5
Q
Taft-Hartley Act
A
- a law that restricted the power of laborunions
- Anti-labor piece of legislation
- Outlawed the closed shop
- Place where only union members can be hired
- Took away some of the rights that unions were give by the New Deal
- Vetoed by Truman, but Congress overrode the veto
6
Q
Fair Deal
A
- President Truman’s program to expand NewDeal reforms
- Grows social welfare system
- Takes 1/3 of the US budget
- Every president does this up until Reagan
- For the American people (the poor)
7
Q
Interstate Highway Act
A
- 1956 law that authorized thespending of $32 billion to build 41,000 miles of highway
- Connect Suburban areas to cities, and help w/ trade
8
Q
Sunbelt
A
- name given to the region of states in the Southand the Southwest
- Many people migrated to Houston, Texas, and Los Angeles
- Many jobs are available there
9
Q
Service Sector
A
- businesses that provide services rather thanmanufactured goods
- Ex: Home cleaners
- More people wanted to be lawyers after WWII
10
Q
Information Industry
A
- businesses that provide informationalservices
- Help put computers in businesses (built and operated first computers)
- Payrolls could now be done w/ computers
- Help put computers in businesses (built and operated first computers)
11
Q
Franchise Business
A
- to allow a company to distribute itsproducts or services through retail outlets owned byindependent operators
- Have the same experience at the same place throughout the country
- Point: serve as many people as possible
- Ex: McDonalds
12
Q
Multinational Corporation
A
- companies that produce andsell their goods and services all over the world
- Establish branches abroad
- Ex: Coca-Cola, McDonalds
13
Q
AFL-CIO
A
- in 1955, the American Federation of Labor (AFL)and the Congress of Industrial Organization (CIO) laborunions united
- Influence in Post-WWII era
- More jobs–> more people in labor unions
14
Q
California Master Plan
A
- called for three tiers of higher education:research universities, state colleges, and communitycolleges, all of which were to be accessible to all of thestate’s citizens
- Many people start moving to California (great schools like Cal-Berkley offered free tuition)
- Residents of Cal didn’t have to pay for schooling
15
Q
Consumerism
A
- Americans buy things using credit cards (No longer use cash)
- Borrow money and pay it back later- Leads to the creation of debit card
- More power for buying
- Financial institutions make more money cuz they lend money at interest
- large-scale buying, much of it on credit