Post War Eco 1945-60

Question 1

End war

Answer 1

No eco prices

Demand++ // goods not produced

Strong eco growth :
-automobile industry : producing car + new technologies : aviation +electronics

• Housing boom : cheap prices home
• baby boom : nb consumers ++

Question 2

1950-60

Answer 2

Am eco : global dominance

Large corporations: GE,FORD = American buss +world eco

Smaller companies : success

New industry : MILITARY INDUSTRIAL COMPLEX

+invested : hydrogen bomb

Question 3

Period : Marshall

Answer 3

Eco aid : European countries : MARSHALL PLAN = help US

Gov : central role

1946: EMPLOYMENT ACT :
- stimulate prod
- purchasing power ++

Creation : MONETARY FOUNDS

Question 4

Work

Answer 4

Farmers faced hard times

Demand single family homes ++ = Americans move from central cities to the suburbs

+ development of SUN BELT CITIES

3 SECTORS ????

Question 5

Business

Answer 5

Change

Shopping centers ++

Question 6

1960 : KENNEDY

Answer 6

Challenge of NEW FRONTIER
Accelerate eco growth : 
-gov spending
-cutting taxes 
-medical helps inner cities 
-founds education ++

// gov was against + assassinated

+ accelerating space program l

Question 7

July 1969

Answer 7

American astronauts landed on the moon

Question 8

After Kennedy’s assassination

Answer 8

Successor : Johnson : GREAT SOCIETY

// federal spending : gov new programs :

• Medi care
• Mediaid
• food stamp
• education programs

+military : Vietnam war // end 1960 : gov refused to pay taxes for these programs

———> inflation ++ = end prosperity