Economy After WW2

Question 1

Employment Act of 1946

Answer 1

created the Council of Economic Advisors to promote national economic welfare

Question 2

Servicemen’s Readjustment Act of 1944 (GI Bill)

Answer 2

aided veterans in getting an education and gave financial aid when buying homes and starting businesses

Question 3

Levittown

Answer 3

first suburb

Question 4

22nd Amendment

Answer 4

limited the president to two terms

Question 5

Taft-Hartley Act of 1947

Answer 5

pro-business, prohibited industrials from requiring employees to join a union either before or after employment, outlawed secondary boycotts

Question 6

Fair Deal

Answer 6

increased minimum wage and expanded social security to include more workers

Question 7

Modern Republicanism

Answer 7

fiscal conservative and moderate in domestic policy

Question 8

Department of Health, Education, and Welfare (HEW)

Answer 8

consolidated welfare programs

Question 9

soil-bank program

Answer 9

a means of reducing farm production, thus increasing farm income

Question 10

Highway Act (1956)

Answer 10

authorized the construction of interstate highways connecting the nation’s major cities

Question 11

New Frontier

Answer 11

JFK domestic program, few proposals passed Congress

Question 12

Trade Expansion Act (1962)

Answer 12

authorized tariff reductions for Western European nations

Question 13

New Federalism

Answer 13

program in which Congress gave local governments grants to address needs as they see fit

Question 14

stagflation

Answer 14

economic slowdown (stagnation) + high inflation

Question 15

Nixon economic policies

Answer 15

attempted to cut federal spending to alleviate recession, called for a 90-day price and wage freeze, left the gold standard