Domestic Life Under Ike Flashcards
What contributed to the economic boom of the 50s?
Serviceman’s readjustment act of 1944, 129 billion toward Federal highway act, expansion of Social Security benefits, low housing loans and mortgages to returning soldiers, investment in weapons technology
We’re the 50s during an economic boom or economic bust?
Economic boom there was a demand for everything
What was the serviceman’s readjustment act of 1944? (G.I. Bill)
Federal money for veterans to get an education that way there wouldn’t be an immediate saturation into the job market so wages would be higher and more competitive
What was the Federal highway act?
$129 billion to create construction jobs and makes transportation easier. (Prices low, demand high)
What was life like under the shadow of the bomb?
A sense of paranoia