Prosperity in the years after the Second World War Flashcards

1
Q

Example to illustrate the post war prosperity

• GNP

A

The US economy grew significantly during the war. GNP had risen 35% since 1941.

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2
Q

Economic expansion

• Employment

A

Created greater employment opportunities in many industries, for example aircraft production, chemicals and electrical goods.

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3
Q

Not all areas of the USA were equally prosperous after WW2 (Post-war prosperity disproved)

A

In 1947, 33% of US homes lacked running water and 40% flush toilet.
Many families lived in rented accommodation and could hardly have imagined owning their own property.

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4
Q

Post-war prosperity

• Home ownership

A

By 1960 so many were able to take home ownership for granted, as it had risen from 55% in 1950 to 62% in 1960.

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5
Q

Impact of the growth of the car industry after WW2

A

It led to much greater mobility and the development of suburbs.

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6
Q

Impacts of the development of suburbs

A

1) It meant that many Americans no longer needed to live in crowded towns and cities.
2) It symbolised the prosperity of ordinary people they were owner-occupiers.

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7
Q

Growth of the car industry

• Sales of cars

A

Sales of cars rose form 69,500 in 1945 to 6.7 million by 1950, and the vast majority were US-made.

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8
Q

Growth of the car industry

• Success

A

A car cost 40% of the average family income but most were brought on credit.

The number of two-car families doubled between 1951 and 1958

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9
Q

Interstate Highway Act 1956

A

Boosted federal subsidies for rad building and developed the infrastructure of US highways.

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10
Q

Implication of road building in 1950s

A

Road building developments signified the demise of public transport in the USA.

Passenger services on railroads lost an average $700 million per year by the mind-1950s.

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