Truman Domestic Flashcards
How many veterans were demobilized by 1946?
9 million, reducing the military from 12 million to 3 million.
What was the unemployment rate during Truman’s presidency?
It never rose above 4%.
How did Congress worsen inflation after the war?
By passing a $6 billion tax cut, increasing inflationary pressure.
What happened when Truman tried to maintain price controls through the Office of Price Administration (OPA)?
Congress weakened it, making it ineffective by 1946.
What did the 1946 Employment Act state?
The federal government should use ‘all practical means’ to promote maximum employment.
What was the role of the Council of Economic Advisers (CEA)?
It advised the president on economic policy and helped manage post-war economic transitions.
What was the GI Bill of Rights (1944), and how did it benefit veterans?
It provided 52 weeks of unemployment pay and loans for education, housing, and business.
How much money did the GI Bill distribute to veterans?
$20 billion to 7.8 million veterans.
How did government-backed mortgages impact housing?
They fueled a major housing boom, making homeownership more accessible.
What was the effect of war bonds on the economy?
$180 billion worth of war bonds injected capital into the economy, stimulating growth.
How did the Wagner Act (1935) impact unions?
It encouraged the growth of unions by protecting workers’ rights to organize.
By 1945, how many workers belonged to trade unions?
15 million.
What were the two main trade unions in the US?
The American Federation of Labor (AFL) and the Congress of Industrial Organizations (CIO).
What economic conditions led to widespread strikes in 1946?
Inflation reached 25%, and wages did not keep up with rising prices.
How did Truman respond to the 1946 railroad strike?
He threatened to draft striking workers into the army, forcing them to end the strike.
What was the Taft-Hartley Act (1947), and why was it significant?
It limited union power, outlawed the closed shop, required union leaders to sign non-communist oaths, and allowed an 80-day cooling-off period before strikes.
Did Truman support the Taft-Hartley Act?
No, he vetoed it, but Congress overrode his veto.
How did the Korean War impact the economy?
It increased defense spending, diverting funds from domestic programs.
Why did Truman seize control of steel mills in 1952?
To prevent a steelworkers’ strike, arguing steel production was vital for the war effort.
What was the Supreme Court’s ruling on Truman’s seizure of the steel mills?
It ruled he had exceeded his executive authority, forcing him to return control.
What impact did the steel strike have on the war effort?
It lasted several months, damaging war production.
How many bills did Truman veto, and how many were overridden by Congress?
He vetoed 250 bills, and Congress overrode 12 of them.
Why did Congress resist Truman’s proposals?
They wanted to roll back the expansion of federal power under Roosevelt’s New Deal.
What was the outcome of the 1946 midterm elections?
Republicans gained control of Congress for the first time since 1928.