Post-Second World War Prosperity Flashcards
1
Q
The GI Bill was passed by FDR in 1944. What did it do?
A
Offered federal aid to help veterans buy homes, get jobs and pursue an education, and in general helped them to adjust to civilian life again. By 1949, veterans had received around $4 billion from the government. This helped the economy.
2
Q
What war prevent unemployment from rising rapidly in the 1950s?
A
Cold War
3
Q
How many Americans had a car by the end of the 1950s?
A
By the end of the 1950s, 8 out of every 10 Americans had a car.
4
Q
What was a popular car brand in the 1950s?
A
Cars like the Cadillac were popular.
5
Q
What new advertising schemes were extremely popular, stimulating the cycle of prosperity?
A
‘Buy now, pay later’
