Domestic Life Under Ike Flashcards

0
Q

What contributed to the economic boom of the 50s?

A

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

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1
Q

We’re the 50s during an economic boom or economic bust?

A

Economic boom there was a demand for everything

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2
Q

What was the serviceman’s readjustment act of 1944? (G.I. Bill)

A

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

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3
Q

What was the Federal highway act?

A

$129 billion to create construction jobs and makes transportation easier. (Prices low, demand high)

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4
Q

What was life like under the shadow of the bomb?

A

A sense of paranoia

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