Post-War Promise Flashcards
What % of world’s weath does U.S. make up in 1950s?
50%
Wealth disparity in 1950s in US?
At its most even
what % of income was paid to the federal government in the top income tax bracket?
90%
What was the US considered the standard bearer for in 1950s?
Liberty and freedom
What was the industrial output during WW2?
90%
What % of GDP went to US military during Cold War Era?
3.5% to 5%
What % of Soviet GDP was spent on military during Cold War?
25%
Income parity
Working-class and middle-class came out of WW2 with better income than before
What % of US workers could claim to be middle-class in the 50s?
40%
What annual income was considered to be middle-class?
$5,000
What caused the post-war recession?
- Soldiers coming home and refusing to spend their money due to growing up in the Great Depression
- Many companies had converted factories to build war materiels
Levittowns
Homes built in sections that were cheaper and faster to manufacture.
Who invented levittowns?
William Levitt
Where did the “cookie-cutter” idea of Levittowns originate from?
Building Liberty Ships in sections and then welding the sections together.
How did the invention of new housekeeping electronics and tools impact housekeeping?
Women spent more time cleaning to maintain a facade.