standard of living Flashcards
car ownership 1917 vs 1929
1917 - 4 million cars registered
1929 - 27 million cars registered
consumer debt 1920-1922
1920 - $3 billion
1922 - $6 billion
Roosevelt Recession - date and unemployment
17% unemployed in 1938
unemployment 1944
1%
Kennedy Personal Income change
rose by 15%
Johnson economy?
trade deficit reached $4 billion by 1967
What did Johnson do as Vietnam drained finances
money supply increased from 17 to 37 million 1968
New York Long Island Levittown build in 1947 details
7 shopping centres, 9 swimming pools, 2 bowling alleys and 17000 homes
advertising 1950 vs 1960
$6 billion 1950
$12 billion 1960
home ownership 1920 vs 1940
1920 - 6 million
1940 - 15 million
labour saving devices 1950
over 50% of homes had washing machines, fridge and a toaster
government spending on healthcare
1917 - $3 million spent
1940 - over $40 million
children in school
1917 - 30% in school
1940 - 70% in school
leisure spending 1920s
1919- $2 billion
1929 - $4 billion
how many speakeasies in New York by 1929
30,000
when was Disneyland opened
1955
Yankee Stadium
rebuilt in 1923 to hold 53,000
WWII baseball
1943 The All American Girls Professional Baseball League
sports attending
1954 14 million attended baseball park
35 million attended a major football game
Uni of Michigan stadium
1929 rebuilt to hold 90,000
when was the first Super Bowl
1967
1960 car ownership
80%
petrol industry boom 1960s
1976 made $22 million
Drive In Movies
1954 took in 20% of the cinema box office
when was the kelly act and what did it do
1925 - laid out national routes for mail delivery
Western Air Express passengers
1926 - 267 passengers
1929 - 25,000 passengers
what occured to air travel in the 70s
Deregulation Act 1979 ended control over airline ticketing prices, routes and mergers led to service cutting
what Did Johnson Pass in his War on Poverty
Economic Opportunity Act - gave aid to poor families
healthcare policy 1960s
1965 Congress established Medicare and Medicaid - federal health insurance for over 65s and essential medical services
1968 production worker vs chief executive of the company wages
Production Worker - $6K a year
Chief Executive - $160K a year
1960 average income white vs black
white income - $6,000
Black income - $3,000
how much did Johnson put into his war on poverty
$960 million
what did Nixon change economically in 1973
abandoned wage and price regulation - leading to prices rocketing and dollar devaluation
cost of living 1973
rose by 8% a year
what did Carter to do help the working poor
1979 Consumer Cooperative bank allowed low interest loans for local groups to start businesses and buy houses
what did OPEC do in the 1970s
put up prices by 70%
how many gas stations had petrol in 1979
50%