generally actual economy faring under ike? Flashcards
1
Q
how many recessions?
A
2
2
Q
when little recession?
A
1954
3
Q
when big recession?
A
1958
4
Q
during 1958 recession how many unemployed?
A
5M
5
Q
during 1958 recesssion what happened to production?
A
fell by 14%
6
Q
how many in poverty?
A
1/4
7
Q
what do people know about those in poverty?
A
- Invisible poverty is easy enough for most Americans to ignore and live their lives (it’s not in their face as they don’t see it- partially because they are crammed into cities and cant afford/aren’t allowed to live in the suburbs.
8
Q
worst unemployment percent?
A
4.5%
9
Q
when unempoloyment 4.5%?
A
1957
10
Q
average inflation?
A
2%
11
Q
when surplusses of money?
A
i. 1956
ii. 1957
iii. 1960
12
Q
1 way ike tries to balance budget
A
scale back new deal eg federal subsidies to tenessee valley authority
13
Q
subsib=dies to tenessee valley authority 1952
A
$185M
14
Q
subsidies tenessee valley authority 1960
A
$12M
15
Q
when $185M subsidies to tenessee valley authority?
A
1952
