Economic 1945-75 Flashcards
What was this otherwise known as
AGE OF AFFLUENCE (lots of money)
CONSUMERISM VERY IMPORTANT
When and what was the marshal plan
1947
Rebuild European economy
Gave GB money so they could trade with us + US got internet
How was the military industry 45-75
Dominated
Satellite technology
NASA
When was the first moon landing
20 July 1969
How much of the worlds goods were US producing
1/2
How did JFK cause an economic growth and by how much
Big tax reductions
5% by end of 63
How much debt did us have under Johnson
$42b
13% increase in debt from jfk
What did LBJ spend a lot on bar
Vietnam
War on poverty
How many people did LBJ aim to help in poverty
15% of population in poverty
What did LBJ set up to help famers
OEO
Office of economic opportunity
Helped small farmers , Job training
What stopped Johnson’s great society
Spending on Vietnam
What was the American dream
New suburbs Cars Spending rather than saving Hire Purchase allowed buying Luxuries Modern conveniences in most homes
By 1960 how was American standard of living compared to British
3x better
Ho news popular culture dominated
By tv radio and cinema
Films made reflected confidence of the Time
Such as Disney (Peter pan Cinderella)
How were teenagers 45-75
Had more leisure time
