post war America Flashcards
what is the 1946 Employment Act:
truman wanted it to ensure full employment for veterans but congress only empowered federal government ‘to use all practical measures’ to foster ‘ maximum employment’
how many veterans were demobilised in 1945
12 million
what helped the economy in 1945 (4)
- pent up consumer enthusiasm
- GI Bill of rights
- factories reverted back to usual production
- most returning servicemen quickly found jobs
what is the GI Bill of Rights
(1944 from FDR) -
gave returning veterans 52 weeks unemployment pay and loans for education, housing, farms or businesses
how much money was distributed to how many veterans between 1945-55 from the GI bill of rights
$20 billion to 7.8 million veterans
what is a Budget deficit
(government is exceeding its income)
what 3 things combined to create high inflation
- Budget deficit
- withdrawal of wartime price controls
- shortages of consumer goods as factories struggled to readjust
what was inflation at in 1945-6
25%
how did Truman try to combat the high inflation, but what did the republicans and conservatives do
Continued use of Roosevelt’s office of price administration which controlled prices during war.
BUT conservative democrats and repubs sought restoration of free market
this weakened OPA so much that prices rose.
THEN, tensions rose with employers who wanted prices up and wages down and with unions
Wagner Act
1935 legislation that assisted establishment and work of labour unions
2 factors that led to union factor increasing in Roosevelts years
Wagner act
wartime demand for blue collar workers
in 1945 how many workers were unionised
15 million
in Jan 1946 how many steelworkers walked out
800,000
in April 1946 how many miners walked out
400,000
who threatened to walk out in may that made Truman want to mediate between labour and management
railroad workers
how did Truman threaten the railroad workers - impact
with conscription - said he would have army work railroads
- they called off strike
what court case was won in NOV 1946
united mine workers/ union leader against Truman administration
how many workers were involved in strikes in 1946
4.6 million workers
how many million working days were lost due to strikes
116
what did taft Hartley act mean (and when)
1947
curtail union power
- unions liable for breech of contract
- unions couldn’t insist all workers join as a condition of employment
- president could order 80 day cooling off period before strikes
(truman veto’d but congress overruled)
what action of trumans made his staff think he was exceeding his power as president
seized control of steel mills under executive order 10340 after they threatened to strike
(important for Korean War)