Economic Changes Flashcards
What % of the world’s population did the USA account for but how much of its total electric power did it produce and what amount of its gold reserves?
6% global population, almost half of the electricity produced, half of the worlds gold reserves
By 1950, how many new family homes were built?
1.7 million
The % of Americans owning their own home rose from what in 1945 to 1960?
50%-60%
What happened to the conditions of inner cities?
They deteriorated
How many shopping malls were there in 1946 compared to the late 1950s
8 - 4,000
What happened to the advertising industry?
Became a multi-billion dollar industry
By 1951 what % of families had fridges?
90%
By 1951, what % of families had washing machines and telephones?
75%
What % of the population lived below the poverty line in 1950 compared to 1968?
20% - 12%
In 1947, what % of black families lived below the poverty line and what % of white families did?
60% of black families and 23% of white families
In 1964, what % of black families lived below the poverty line and what % of white families did?
23% of black families and 9% of white families
When did the first McDonalds open and how many were there by 1960?
April 1955, 228 in 1960
What was the annual income of McDonalds in 1960?
$37 million
How many different models of car were there in 1961?
350
Sales rose from what in 1945 to what in 1950 for cars?
69,500 to 6.7 million
How many televisions were there by 1960?
Over 50 million
Why was there a decline in the economy in the 1970’s?
Caused by the natural economic cycle, massive military spending from the Vietnam and the Cold wars
