Truman and Post War Reconstruction (1945-1952) Flashcards

1
Q

What was the Bretton Woods System?

A
  • In 1944, 44 allied nations met in Bretton Woods, New Hampshire, USA and established the IMF and the World Bank
  • They also obliged countries to adopt a monetary policy that tied their currencies to the US dollar
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2
Q

What was Truman’s domestic policy called?

A

The Fair Deal

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3
Q

What did Truman aim to achieve with the Fair Deal?

A

He aimed to expand FDR’s ‘New Deal’ policies while dealing with poverty, unemployment, and the post-war economy

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4
Q

How much of the army did Truman demobilise?

A
  • In 1945, he demobilised 9 million and kept 3 million
  • In 1946, he demobilised them even further to 1.5 million
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5
Q

What was unemployment like during Truman’s presidency?

A

Unemployment never went higher than 5%

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6
Q

What were the benefits of FDR’s GI Bill?

A

It provided government help in getting a 90% mortgage and 52 weeks of unemployment benefits, as well as loans for college

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7
Q

What types of booms were there in 1945?

A
  1. A baby boom which created a new market and stimulated growth
  2. A housing boom which led to the development of housing sites like Levittown in Long Island
  3. A car boom which led to an increase in geographic mobility
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8
Q

What was the state of the US economy by 1952?

A
  • Total output had increased by nearly 90% since 1939
  • Business investment had risen from $14bn annually to $38bn
  • Employment rose from around 46 million to 61 million
  • Income per capita had increased by about 40%
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9
Q

What problems did Truman face due to the Republicans?

A
  • The Republicans highlighted the problems of reconversion from a war economy with slogans like ‘To Err is Truman’
  • The Republicans won control of both the House and Senate in the 1946 midterms and increased the likelihood of political gridlock for Truman
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10
Q

What is political gridlock?

A

It occurs when opposing political parties are unable to agree on key issues, resulting in a stalemate where little or no progress is made on legislation or policymaking

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11
Q

What was Truman’s 1948 presidential campaign like?

A

It followed him touring the country while facing political gridlock from the Republican Congress and earning him the nickname ‘Give ‘em hell, Harry’

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12
Q

Where did the nickname ‘Give ‘em hell, Harry’ originate from?

A

When Truman was campaigning in Washington and attacking the Republicans, a supporter yelled ‘Give ‘em hell, Harry’, to which he responded ‘I don’t give them hell’

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13
Q

How was the Democratic party split in the 1948 elections?

A

There were two new groups formed:
- The States’ Rights Democratic party (Dixiecrats, Strom Thurmond as Candidate)
- The Progressive Party (Henry Wallace as candidate)

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14
Q

Who was the Republican Party’s candidate?

A

Thomas Dewey

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15
Q

Who was Truman’s running mate in 1948?

A

Alben Barkley

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16
Q

What was the public opinion of the election results?

A

They expected Dewey to win, so much so that journalists even wrote articles naming him as the next president

17
Q

What was the result of the election?

A
  • Truman won in what is known as the greatest election upset in American history
  • He had 303 electoral votes compared to Dewey’s 189
  • 51.1% of the population voted in this election
18
Q

What problems did Truman face with Organised Labour?

A
  • From late 1945 to 1946, there were strikes in the steel, coal, auto and railroad industries which were key sectors of the American economy
  • Truman responded by warning that the government would draft striking railroad workers and he even took United Mine Workers, a union, to court
  • Although the measures worked, they strained the relationship between organised labourers, who were Democratic supporters
19
Q

Why did Congress not support the Fair Deal?

A

There was a lack of economic necessity like the Great Depression for the ‘New Deal’

20
Q

What had the Fair Deal achieved by 1953?

A
  • 62 million Americans were employed, which was an increase of 11 million under Truman
  • No bank had failed in nearly 9 years
  • Minimum wage had increased from $0.40 to $0.75 per hour and Social Security Benefits had doubled
  • 7.8 million veterans benefitted from the GI Bill
  • Poverty had fallen from 33% in 1949 to 28% in 1952
21
Q

Who was McCarthy?

A
  • He was a senator from Wisconsin
  • In 1950, he claimed to have a list of 205 Communist Party Members in the US State Department
22
Q

Why did the Red Scare increase in the early 1950s?

A
  • The presence of the HUAC
  • The rise of McCarthyism
  • The successful Soviet nuclear test in August 1949
23
Q

What was the effect of McCarthyism?

A
  • Hollywood actors like the Hollywood 10 were investigated (Charlie Chaplin)
  • Comics like Captain America, created in 1941, changed the enemies from the Nazis to the communists
  • The Hiss (1949) and Rosenberg (1951) cases revealed that there were communist’s in the government and increased fear
24
Q

What is a lame-duck stage in a presidency?

A

When the president is on the way out, and their influence is beginning to decrease
- Truman saw this when his attempts to veto the 1952 Internal Security Act (allowed communists to be denied passports) only saw 58 members of Congress support him