Post-War Consumerism

Question 1

Who became president after WW2?

Answer 1

Truman

Question 2

Why was America so prosperous after the war?

Answer 2

1. War effort ended unemployment and 500,000+ business started up.
2. Suffered no mainland damage unlike other countries, so in the 1950s, the Us was producing 1/2 of the world’s goods.

Question 3

Why did America’s position in the war cause the economy to prosper?

Answer 3

Lend lease progamme allowed them to loan weapons to other countries which created more jobs and stimulated the economy.

Question 4

What was Truman’s “Fair Deal”?

Answer 4

1. 21-point policy that was a continuation of the New Deal
2. Raised minimum wage from 40 to 70 cents - cycle of prosperity
3. Cleared large slums for affordable housing
4. G.I. Bill offered grants for veterans to go back to school to learn a new trade.